US-based healthcare services company Frontpoint Health has finalised its purchase of High Plains Senior Care Group (HPSC), a home health and hospice company in Texas, for an undisclosed sum.
The acquisition is set to expand Frontpoint Health’s geographic footprint across the state of Texas to cover more than 176 counties.
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Frontpoint Health CEO Brent Korte said: “HPSC is a perfect fit for what we’re building at Frontpoint.
“HPSC has a strong team, a culture of providing best-in-class clinical care, and a highly synergistic geographic overlap with Frontpoint’s existing markets.
“With the addition of HPSC, Frontpoint’s growth will accelerate throughout Texas and other states in the Southeast with our unique focus on serving the high-growth, underserved Medicare Advantage market.”
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Frontpoint Health expects the acquisition to enhance its strategic partnerships with Medicare Advantage plans in the Southeast US region.
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By GlobalDataHPSC former executive chairman Andy McBee said: “It was clear from our very first meeting that Frontpoint was the right partner for our business.
“We are excited to continue to support HPSC now as investors in the combined business.”
HPSC’s former chief operating officer Craig Johnson has now assumed the role of the vice president of Home Health for Frontpoint Health.
Johnson said: “Speaking on behalf of the entire HPSC family, we are thrilled to partner with Frontpoint Health to provide excellent patient care to even more people throughout Texas and the greater Southeast!”
Based in Colorado, Frontpoint Health is a home health and hospice platform that is focused on providing care for Medicare Advantage patients.
The company offers at-home care for ageing and homebound patients, working closely with its health system and health plan partners to deliver this.
It is supported by Cimarron Healthcare Capital and Tacoma Holdings, two private equity companies focused on investments in the healthcare industry.
