Fortis Home Health & Hospice, a provider of home health and private duty home care services, has acquired Indianapolis-based Select Home Health. Fortis, which is a property of New York-based Grant Avenue Capital LLC, says the Indiana deal is its first acquisition in the Midwest.
Financial terms of the deal were not disclosed, however it marks the eighth healthcare-focused acquisition by the private equity firm.
“It did not take long for us to realize that Grant Avenue Capital, alongside Fortis, shared our same vision of patient-centered home healthcare,” said Tim Leonard, founder & president of Select. “This partnership will allow our clinicians and support staff to leverage our technology-enabled platforms to provide great care to additional patients across the state.”
In conjunction with the acquisition, Grant Avenue Capital also announced the promotion of Mike Gregory to president and chief growth officer of Fortis. Gregory brings over 16 years of industry experience to the company.