Jet Health, Inc., a leading regional provider of home health and hospice services based in Fort Worth, announced this week that it had acquired Trio Home Health and Hospice.
Terms of the deal were not disclosed. Funding for the transaction was provided by Silicon Valley Bank.
Trio Home Health and Hospice, a provider of home health services as well as hospice care throughout North Texas, is in Denton.
Trio Home Health and Hospice will remain its own brand, operating under the Jet Health umbrella of companies, which includes assorted Klarus® entities: Klarus Home Care and Personal Care, Klarus Home Care and Private Nursing, Klarus Home Care and Klarus Hospice.
Drew Mize, Trio Home Health and Hospice CEO, will continue to lead the Trio subsidiary.
“This latest acquisition fills our quest to expand our geographic footprint within our primary service areas,” says Jet Health CEO Stacie Bratcher in a statement. “We will now extend services beyond the Central Texas area where we currently have established our reputation to include North Texas and the Dallas-Fort Worth metropolitan area.”
The acquisition marks Jet Health’s eighth in the past four years and ninth since the company’s founding six years ago. It further solidifies Jet Health’s growth strategy to build a leading home health and hospice provider across the western and southwestern U.S.
On the heels of the close of the Trio Home Health and Hospice transaction, Jet Health will operate 10 Texas locations and employ 500 full-time healthcare professionals statewide.
“With each of the acquisitions Jet Health has completed of late, we have always remained focused on broadening both our offering while extending our reach,” adds Bratcher. “Texas marks the state with the most Jet Health-branded enterprises and is also home to our corporate headquarters. Now, with our 10 locations statewide, coupled with a strong, solid network of caregiving professionals throughout all our service areas, we are well positioned to meet the home healthcare and hospice needs of Texans.”
Says Mize: “Trio Home Health and Hospice and Jet Health share similar missions, values, patient care approaches and corporate cultures. By combining our organizations, the company will significantly bolster its growth trajectory as we can now care for more patients in need of the quality services we provide.”
Stradling Yocca Carlson and Rauth acted as legal counsel to Jet Health. Rivas, Goldstein, LLP of Austin acted as advisor for Trio Home Health and Hospice. American Healthcare Capital presented Trio Home Health and Hospice to the marketplace.