H.I.G. Capital has announced it will acquire St. Croix Hospice.
St. Croix, based in Oakdale, Minn., is a provider of hospice services across the midwestern United States. Founded in 2008, the company delivers hospice and a broader network of concurrent comfort and support services tailored to patients’ and their family’s individual needs and circumstances.
H.I.G., based in Miami, is a global private equity and alternative assets investment. Founded in 1993, the firm pursues a wide range of investments in healthcare and many other industries. H.I.G. has flexibility on investment size, including interest in pre-EBITDA businesses. Within healthcare, H.I.G. targets companies in the provider services, hospital/major facilities and life sciences/pharmaceutical industries.
Terms of the acquisition were not disclosed.