BrightSpring Health Services Acquires Haven Hospice

PITTSBURGH—North Central Florida Hospice, Inc. and Haven Medical Group, LLC (Haven Hospice), a Florida-based company for comprehensive hospice care, completed its sale of select assets to BrightSpring Health Services, a provider of home- and community-based health services for complex populations. The Braff Group originated the transaction and served as the exclusive financial advisor to Haven Hospice.

Haven Hospice has been serving individuals with advanced illness needs in North Florida since 1979. Haven Hospice received the Circle of Life Award from the American Hospital Association for its excellence and innovation and has been recognized as a Florida Pacesetter for its leadership in promoting advance directives.

“For 45 years, Haven Hospice has been an award winning, premier employer and provider of end-of-life care in North Florida,” said Mark Kulik, senior managing director of the Braff Group. “Facing a continued challenging reimbursement and regulatory oversight environment, Haven has strategically selected BrightSpring as the new caretaker of Haven’s legacy going forward. As a leading and independent provider of home- and community-based health care services, they have significantly more resources available to deliver improved outcomes with higher levels of satisfaction in a highly competitive provider marketplace. Haven’s foundation will continue to serve the needs of their local community through its philanthropic activities.”

Amid this acquisition, leaders of Haven Hospice said its mission remains unchanged: “Honoring life by providing comfort, care and compassion to individuals and families we serve.”