Infinity Capital Partners Advises Physician's Choice Hospice in Strategic Transaction with Traditions Health
OKLAHOMA CITY (Sept. 17, 2020) - Physician’s Choice Hospice (PCH), an Edmond, Oklahoma-based hospice company has been acquired by Traditions Health (Traditions) of College Station, Texas, a portfolio company of Dorilton Capital. The transaction closed on Sept. 15, 2020 and financial terms were not disclosed. Infinity Capital Partners served as exclusive investment banking advisor to Physician’s Choice Hospice and Phillips Murrah P.C. acted as legal advisor.
Since inception in 2008, PCH has emerged as the leading hospice provider across the state of Oklahoma. Physician’s Choice Hospice has built a reputation of high-quality end of life care, working with patients and families to offer comfort to those nearing the end of their life’s journey.
“We are excited to be joining the Traditions family with its strong leadership team, highly regarded brand and leading Oklahoma industry position,” said Ginger Barsotti, Founder and President of Physician’s Choice. “Building this company from the ground up has been one of the greatest joys of my life. This partnership will allow us to support our long-term growth initiatives, predicated on our rich history as a private company with a dedicated and loyal employee base.”
“We were grateful for the opportunity to work with Ginger and the PCH team,” said Bryan Vahlberg, Managing Partner of Infinity Capital Partners and lead advisor to Physician’s Choice Hospice. “Having reached such an important milestone in the business, the chance to turn the company over to a national platform like Traditions was the perfect end to an otherwise incredible entrepreneurial story.”
The acquisition of PCH, alongside its recent acquisition of Faith Hospice, positions Traditions Health as the largest hospice provider in the state of Oklahoma. These acquisitions are part of Traditions’ broader growth strategy throughout the United States, having completed over 15 acquisitions since partnering with Dorilton Capital in 2011.
“We are excited about our recent entrance into the Oklahoma market,” said Bryan Wolfe, president and CEO of Traditions Health. “With a large presence and headquarters in the state of Texas, our growth into the adjacent state of Oklahoma is both a natural extension of our footprint and part of our rapid national expansion. We’re thrilled to bring the PCH team onboard and to continue providing the level of service and care they’ve worked so hard to be known for.”
Michael Landerer, Senior Vice President of Dorilton Capital said of the transaction, “We couldn’t be more pleased with Traditions’ strategic growth into the Oklahoma market. PCH will be an incredible addition to the growing team and will only serve to bolster Traditions’ reputation of providing the highest level of care to its patients.”
About Traditions Health
Headquartered in College Station, TX, Traditions Health is a leading provider of hospice care, home health care, consulting services and online policy manuals. The company provides care to over 3,250 patients across seven states. The company has recently been named to the 2020 Inc. Magazine's Inc. 5000 list of fastest-growing businesses. Traditions Health is a portfolio company of Dorilton Capital. For more information, visit www.traditionshealth.com.
About Dorilton Capital
Dorilton Capital is a private investment firm seeking to acquire, recapitalize and support the growth of middle market businesses across a range of industry sectors. Dorilton seeks control situations and prefers to partner with incumbent management to create value over the long term. Please visit www.doriltoncapital.com.
About Infinity Capital Partners
Infinity Capital Partners is an Oklahoma City-based middle-market investment bank offering a broad range of advisory services to private companies and financial sponsors across a variety of industries. Infinity works closely with owner-operators, shareholders, founders, and management teams of private companies to provide tailored services including M&A advisory, debt and equity placements, recapitalizations, and strategic advisory. For more information about Infinity Capital Partners, including a list of current projects, please visit our website at www.infinitycapitalpartners.com. Securities placed through Infinity Capital Securities, LLC. Member FINRA.
Media contact:
Claire Ashworth
Infinity Capital Partners
(405)367-6570 | cashworth@infinitycappartners.com