Heart to Heart Hospice, a provider of hospice care in Texas, has received a minority investment from Summit Partners.
Heart to Heart Hospice delivers individualized care in patients’ homes and also provides care for patients in nursing homes, assisted living facilities, hospitals and other residential facilities. The company currently provides services to approximately 1,200 patients in 10 locations across 88 counties in Texas. Heart to Heart Hospice currently employs over 600 people across its care team staff of physicians, medical directors, skilled nurses, hospice aides, social workers, chaplains, bereavement coordinators, specialized therapists and dieticians. The company was founded in 2003 and is based in Plano, TX (www.hearttohearthospice.com).
“Heart to Heart Hospice was founded to provide a compassionate and patient-centered approach to medical care and supportive services at the end-of-life for patients and their families,” said Kelly Mitchell, Founder and CEO of the company. “Unparalleled service and personalized attention are the fundamental beliefs at the core of Heart to Heart Hospice. We have developed a strong relationship with Summit Partners over the years, and they will play an important role in the continued success and growth of Heart to Heart Hospice.”
Summit Partners provides private equity and venture capital for growth companies. Founded in 1984, Summit has raised more than $15 billion in capital and has provided equity, recapitalization, and management buyout financing to more than 350 companies across a range of industries. Summit Partners has offices in Boston, Palo Alto, London, and Mumbai (www.summitpartners.com).
“We’re very impressed with the exceptional care that Heart to Heart Hospice delivers to its patients and their families, and we are pleased to partner with them,” said Jesse Lane, a Vice President with Summit Partners who will join Heart to Heart’s Board.
© 2013 PEPD • Private Equity’s Leading News Magazine • 3-13-13
