The acquisition marks Jet Health's eighth acquisition in the last four years as part of its growth strategy.
Home health provider Jet Health announced its acquisition of Trio Home Health and Hospice, based in Denton, Texas, earlier this week. The terms of the transaction were not disclosed.
Jet Health has acquired eight providers over the last four years, as part of its growth strategy to become the leading home health and hospice provider in the west and southwest regions of the U.S.
"With each of the acquisitions Jet Health has completed of late, we have always remained focused on broadening both our offering while extending our reach," Stacie Bratcher, CEO of Jet Health, said in a statement. "Texas marks the state with the most Jet Health-branded enterprises and is also home to our corporate headquarters. Now, with our 10 locations statewide, coupled with a strong, solid network of caregiving professionals throughout all our service areas, we are well positioned to meet the home healthcare and hospice needs of Texans."
While Trio Home Health and Hospice will remain a separate brand, it will operate under Jet Health's companies. With the closing of the acquisition, Jet Health will oversee Trio's 10 Texas locations and employ 500 full-time healthcare professionals across the state.
"This latest acquisition fills our quest to expand our geographic footprint within our primary service areas. We will now extend services beyond the Central Texas area where we currently have established our reputation to include North Texas and the Dallas/Fort Worth metropolitan area," Bratcher said.
Trio Home Health and Hospice services the Denton and northern Texas region with skilled nursing care; physical, occupational and speech therapy; and cardiac and pulmonary care.
"Trio Home Health and Hospice and Jet Health share similar missions, values, patient care approaches and corporate cultures," Becky Mize, CFO of Trio Home Care, said in a statement. "By combining our organizations, the company will significantly bolster its growth trajectory as we now care for more patients in need of the quality services we provide."
“Trio Home Health and Hospice and Jet Health share similar missions, values, patient care approaches and corporate cultures. By combining our organizations, the company will significantly bolster its growth trajectory as we now care for more patients in need of the quality services we provide.”
Becky Mize, CFO of Trio Home Care
Jasmyne Ray is the revenue cycle editor at HealthLeaders.
KEY TAKEAWAYS
Jet Health will now operate Trio Home Health and Hospice's 10 locations in Texas, with Trio remaining a separate brand.
The acquisition is part of a larger goal for Jet Health to become a leader in the home health and hospice sector in the western U.S.