AccentCare and Seasons Hospice & Palliative Care Complete Merger

The expanded organization will offer a full suite of skilled home-based services

 

DALLAS (December 22, 2020) – Dallas-based AccentCare and Rosemont, Illinois-based Seasons
Hospice & Palliative Care (Seasons), along with Advent International, the private equity sponsor
of AccentCare, announced today they have finalized an agreement to combine their two
organizations to better meet the growing needs for their services. The duo announced the
intent to merge last month, and plan to move forward with a thoughtful integration now that
the merger is complete.

Providing the full continuum of post-acute care as a unified organization will simplify the
complexity that comes with navigating multiple companies, benefiting physicians, payors, and
patients alike. Above all, both organizations remain dedicated to providing great service and
enhancing capabilities health system and other strategic partners can rely on to ensure quality
care for their patients.

“During the last several years, we’ve witnessed a growing need for post-acute care services that
are patient-centered and easy to navigate,” said Steve Rodgers, CEO of AccentCare. “We are
excited about the possibilities a combined organization will offer for all those we serve. With
our expanded organization, we will be able to meet the demands of our patients and partners,
and offer a full range of innovative solutions that streamline the process of accessing care.”

AccentCare has been a leader in the home health, personal care services, and hospice spaces
and is now complemented by Seasons’ leadership within the hospice and palliative care spaces.
As part of the agreement, AccentCare’s Hospice services will merge with Seasons, and the
hospice operations will be led by Todd Stern, CEO of Seasons. Stern will also serve as executive
vice-chair of the combined organization, infusing Seasons’ hospice experience and culture
throughout the organization.

“We’re thrilled to head into the New Year as one organization,” said Stern. “The impact that
we’re able to have together, with combined resources and new technologies, will only enhance
the patient experience and quality of care for the individuals we serve and the partners who
count on us.”

Seasons Hospice, Health Resource Solutions a 2,500 census home health provider in Illinois,
Nebraska and Indiana, and Gareda, a personal care business in Illinois, serving over 4,500
clients annually, are all part of the merger with AccentCare, and will blend with their hospice,
home health, and personal care services divisions respectively.

Together, the combined organizations will operate more than 225 sites of care across 26 states
and employ nearly 30,000 qualified individuals. Additionally, the expanded organization will
now serve 60 health system and physician practice joint ventures and strategic partnerships
providing care to more than 175,000 patients and their families each year.

The combined organization will be headquartered in Dallas, Texas. The hospice division will be
based out of Rosemont, Ill, where Seasons Hospice began.

Guggenheim Securities served as the exclusive financial advisor to Seasons Hospice & Palliative
Care in this transaction.

 

Media Contact:

Darin Szilagyi
Vice President, Marketing & Communications
AccentCare®, Inc.
(972) 366-2169
DarinSzilagyi@accentcare.com

About AccentCare

AccentCare Inc., headquartered in Dallas, TX, is a nationally recognized leader in post-acute
care, with more than 30 strategic partnerships aligned to deliver consistently exceptional care
to patients and their families. AccentCare partnerships are with insurance companies, physician
groups, and major health systems, including the joint venture companies AccentCare Asante
Home Health, AccentCare UC San Diego Health at Home, AccentCare UCLA Health, AccentCare
Fairview, and Texas Home Health Group, an affiliation with Baylor Scott & White Health.
AccentCare has over 27,000 qualified professionals delivering personal/non-medical care,
skilled nursing, rehabilitation, hospice, and care management services to more than 145,000
patients and clients annually, at more than 179 locations, in 17 states. In May of 2019,
AccentCare was acquired by Advent International, one of the largest and most experienced
global private equity investors.

AccentCare’s approach to delivering quality care, including proprietary RightPath disease specific
programs, leads the industry in expediting Starts of Care (SOC), and reducing hospital
readmissions as is demonstrated by numerous third-party, evidence-based distinctions. All
AccentCare home health and hospice agencies are CHAP-accredited, with an overall 4.8-star
rating from Centers for Medicare and Medicaid Services (CMS). AccentCare is also honored to
be recognized by the “We Honor Veterans” program. For more information on services
available through AccentCare, visit accentcare.com

 

About Seasons Hospice & Palliative Care

Founded in 1997, Seasons Hospice & Palliative Care is the 5th largest hospice provider in the
United States. Seasons offers high-quality compassionate care in 19 states through our 31
Medicare-certified programs. In 2019, Seasons caregivers served more than 30,000 patients
and provided over 1.84 million days of care. Seasons has over 30 strategic partnerships with
health systems, hospitals, and payors to provide high-quality and innovative care to the
communities we serve.

Seasons is a leader in providing acute hospice care services, currently partnering to provide
general inpatient and respite care to eligible patients via 22 facility-based and freestanding
inpatient centers. All Seasons sites operate under the standards of the Joint Commission.
Seasons offers many community-leading programs such as Namaste, Jewish Hospice Services, a
Cultural Inclusion Council and Diversity, Equity, and Inclusion program, and Music Therapy.
Seasons is the largest employer of board-certified music therapists in the United States.

About Advent International

Founded in 1984, Advent International is one of the largest and most experienced global
private equity investors. The firm has invested in over 350 private equity transactions in 41
countries, and as of June 30, 2020, had $58 billion in assets under management, excluding the
$2 billion raised for LAPEF VII. With 15 offices in 12 countries, Advent has established a globally
integrated team of over 200 investment professionals across North America, Europe, Latin
America and Asia. The firm focuses on investments in five core sectors, including business and
financial services; health care; industrial; retail, consumer and leisure; and technology. After 35
years dedicated to international investing, Advent remains committed to partnering with
management teams to deliver sustained revenue and earnings growth for its portfolio
companies.