Project Description

Legacy Hospice

Prairie Capital Fund VI

Location Livingston, AL
Transaction Type Growth Buyout with Management
Investment Date December 2019

Hospice provider with operations across seven states in the Southeast, offering a full suite of hospice services with a specialized focus on in-home care in non-urban markets

Industry Healthcare

Investment Rationale

  • Strong partnership and economic alignment with management
  • Favorable industry tailwinds
  • Unique platform of scale with established position in rural markets
  • Strong reputation for quality clinical care and compliance
  • Multiple avenues for organic and inorganic growth in existing and adjacent markets

Value Add

  • Human Capital
  • Sales & Marketing
  • Technology
  • Add-on Acquisitions

Prairie distinguished itself from several excellent options. In addition to bringing expertise and rigor, Prairie was able to create alignment with our senior team based on shared objectives and vision for the future of Legacy. The personalities of the Prairie team were also a perfect match. They focused on preserving the human aspects of Legacy that contribute to making it a great company.

Clark Blair, CEO