Sentinel Capital Partners Sells Hospice Advantage

Sentinel Capital Partners Sells Hospice Advantage

hospice advantage nf1Sentinel Capital Partners has sold its portfolio company Hospice Advantage to Compassus, a nationwide network of community-based hospice programs and palliative care services. Sentinel acquired Hospice Advantage in December 2012.  Compassus is a portfolio company of Formation Capital and Audax Group.

Hospice Advantage provides end-of-life care, palliative treatment, personal care, and family support services, primarily to patients in their homes.  The company was founded in 2004 by CEO Rod Hildebrant.  Hospice Advantage is headquartered north of Flint in Bay City, MI and operates more than 60 locations in 14 states throughout the Midwest, Southeast, and South (

paul murphy nf2Under Sentinel’s ownership, Hospice Advantage completed 15 add-on acquisitions and opened locations in four new states.  “We are thrilled with our investment in Hospice Advantage and grateful to have been partners with Rod Hildebrant, who is an extraordinarily talented healthcare executive,” said Paul Murphy, a partner at Sentinel. “We have enjoyed working closely with Rod and his highly capable management team, and together, we have developed a leading hospice care organization.”

“We are very excited about what we have achieved with Sentinel as our partner. Sentinel’s support and long-term growth perspective helped us to exceed our goals and now positions us for continued success,” said Mr. Hildebrant. “This is an exciting time for our company, as Hospice Advantage joins with Compassus to create a leading national provider of hospice and palliative care services.”

Sentinel Capital Partners invests in middle market companies in the United States and Canada in partnership with management. The firm invests in management buyouts, recapitalizations, corporate divestitures, and going-private transactions of businesses with EBITDAs up to $65 million. Sentinel targets eight industry sectors: aerospace & defense, business services, consumer, distribution, food & restaurants, franchising, healthcare services, and industrials. The firm is headquartered in New York (

Other Sentinel investments in healthcare services include Interim Healthcare (home healthcare provider); Metro Dentalcare (dental services); National Spine & Pain (pain management healthcare); Northeast Dental Management (dental services); and ReachOut Healthcare America (mobile dental services).

Compassus, the buyer of Hospice Advantage, is a nationwide network of community-based hospice and palliative care services with 150 locations in 28 states.  The company was founded in 1979 and is headquartered in Nashville (

© 2015 PEPD • Private Equity’s Leading News Magazine • 10-9-15

To search in site, type your keyword and hit enter