The Care Team, or “TCT” operates throughout Michigan, Texas, and Pennsylvania and is a portfolio company of Revelstoke Capital Partners, has acquired Crossroads Hospice. This transaction is TCT’s third acquisition since partnering with Revelstoke, a Denver-based private equity firm in 2019. Select shareholders of Crossroads will continue in a management and advisory role with TCT.
“We are thrilled to partner with the Crossroads team and expand our presence in Texas,” said Jason Laing, CEO and founder of TCT. “Crossroads’ culture, quality of care and compliance standards are very well aligned with those of The Care Team, making this an exciting combination.”
“We have enjoyed partnering with The Care Team in building its corporate infrastructure to support regional scale and look forward to adding density in Texas through this meaningful acquisition,” said Russ Cassella, managing partner at Revelstoke.
Vice president at Revelstoke Jonny Miller said, “We are very excited about the opportunity to work with the Crossroads team in providing high quality clinical care to patients in the greater Houston area. Key members of the seller group are continuing with TCT in a management capacity, further strengthening our regional leadership.”
Winston & Strawn LLP acted as legal counsel to The Care Team