FORT WORTH, Texas--(BUSINESS WIRE)--Jet Health, Inc., a leading regional provider of home health and hospice services, announced today the acquisition of Signal Home Health & Hospice, a San Antonio, Texas-based company. The acquisition marks Jet Health’s seventh acquisition and furthers the Company’s strategy to build a premier home health and hospice provider across the western and southwestern U.S.
Founded in 2010, Signal Home Health & Hospice primarily serves patients in the greater San Antonio area as well as adjoining counties, providing hospice services, skilled nursing, physical therapy, occupational therapy, speech therapy, social workers and home health aides.
“Jet Health got its start in Texas, and we have been looking for opportunities to build density in the state by acquiring quality providers. San Antonio is the second-largest market in Texas, and the Signal Home Health & Hospice acquisition provides us the ability to further expand our presence throughout the state. This acquisition further reflects Jet Health’s attractiveness to sellers seeking buyers that can provide not just a fair purchase price, but also one that shares their culture and commitment to quality care,” explained Stacie Bratcher, Jet Health’s chief executive officer.
Signal Home Health & Hospice Owner Robert McDowell added: “I spent more than ten years building our company into a provider of quality home health and hospice services. Our strategy for success was simple – recruit and retain top-notch professionals who deliver excellent clinical care and service. It was critical that the company to whom I sold my business shared those values and would afford our team the opportunity to continue to execute this mission. As we conducted the acquisition process and spent time with Jet Health’s leadership and diligence teams, it was clear that this was in fact the right choice.”
Terms of the transaction were not disclosed. Funding for the transaction was provided by Stifel Bank, SV Health Investors and Health Enterprise Partners. Stradling Yocca Carlson and Rauth acted as legal counsel to Jet Health. The transaction was facilitated by Agenda Health, a healthcare-focused Mergers & Acquisitions advisory firm, headquartered in Austin, Texas.
About Jet Health
Fort Worth, Texas-based Jet Health, Inc. is a home health and hospice provider offering skilled nursing care, physical, speech and occupational therapy, medical social services, hospice and personal care services. The Company operates from locations in Texas, New Mexico, Colorado and Idaho. Founded in 2016, Jet Health continues to build its business through organic growth, strategic acquisitions and de novo development in target markets. Jet Health leverages local brands and operating expertise and shares best practices across its companies while centralizing back office functions.
For more information, visit https://jethealthinc.com.