StateServ and Hospicelink Merge to Become Market Leader in Technology Solutions for End-of-Life Care
Combined Company Will Provide State-of-the-Art Management of DME for Hospice Care
This integration unites the two market-leading DME benefit management companies in the
Together, StateServ and Hospicelink will operate a national network of more than 1,300 DME provider locations and 21 company-owned distribution centers serving over 100,000 patients daily, further advancing the shared missions of both companies: to help families provide comfort and care for their loved ones during the end of life.
“Today’s announcement marks the beginning of a long-term strategy to expand our leadership in the core hospice market and position the combined business to add value across the post-acute continuum of care,” said
“Hospicelink’s merger with its highly-regarded peer, StateServ, brings together the talented people and best-in-class processes and technologies of both companies, creating a compelling value proposition for current and future customers and our shareholders,” said
“By bringing StateServ and Hospicelink together, we are building on the strengths of each company to create a single, leading DME company that leverages best practices to support complex solutions for end of life care,” said
“The StateServ and Hospicelink integration builds upon the recent investment by Blue Wolf– both companies have valuable, long-standing relationships with their customers who rely on their innovative, quality service to ensure the well-being of their patients,” added
TripleTree acted as the exclusive financial advisor to StateServ for this transaction and
About StateServ
Founded in 2004 and based in
About Hospicelink
Hospicelink was founded in 2011 by a team of DME, hospice, and technology veterans who believed there were better ways to manage DME spend while enhancing patient care. Hospicelink has created a nationally recognized, award winning technology and service organization specifically designed to enhance and foster the unique relationship between hospice companies and DME providers. Historically, DME ordering and management was characterized by a lack of transparency and accountability between hospices and DME providers – orders were faxed or called into the DME, invoices were inaccurate and late, costs were unmanaged and difficult to control, and larger hospices were having to manage multiple DME providers across the nation. As a result, Hospicelink has the unique ability to serve as an advocate for both hospice and DME clients. Hospicelink enables a healthy, symbiotic relationship between hospices and DME providers to ensure the highest quality patient care at the best possible price. For further information on Hospicelink, please visit http://www.Hospicelink.com.
About
View source version on businesswire.com: http://www.businesswire.com/news/home/20180129006236/en/
For StateServ/Hospicelink
[email protected]
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