Edge Healthcare Partners is pleased to announce that healthcare industry veterans, Carla Hughes and John Nugent, have partnered with Charleston, South Carolina based Evening Post Industries (“EPI”), to establish a leading hospice company. Additionally and concurrent with the closing of the investment from EPI, the newly capitalized company completed its first platform acquisition by acquiring Lafayette, Louisiana based Heart of Hospice (“HOH” or the “Company”). No terms of the transaction were disclosed. Edge Healthcare Partners served as the exclusive financial advisor to Carla Hughes and John Nugent in connection with both transactions.
“Having known both Carla and John for many years and worked across the table from them on several transactions, we have a strong appreciation for their knowledge of hospice, partnership mentality and keen focus on keeping the patient first. As we have built a relationship with the senior team at Evening Post Industries over the last couple of years, we are confident that their long-term focus and supportive approach to investing is ideally suited to grow a significant hospice company with Carla and John as they take the next step in their professional careers,” said Todd Watkins, Partner of Edge Healthcare Partners. “We believe this partnership has been immediately successful with the simultaneous closing of the HOH platform acquisition.”
About Evening Post Industries
Headquartered in Charleston, South Carolina, Evening Post Industries, Inc. is a leading provider of trusted news, information and entertainment delivered across a robust multimedia platform including 11 network-affiliated broadcast television markets (including KATC in Lafayette, Louisiana), two daily and nine community newspapers and interactive services across all markets. EPI has other assets including more than 16,000 acres of timber property and twelve acres of real estate in downtown Charleston, SC. Founded in 1896, EPI is a private, closely-held company focused on delivering long-term value and consistent cash flow to its shareholders. For more information, visit the EPI website, www.eveningpostindustries.com
About Heart of Hospice
Founded in 2007 and based in Lafayette, Louisiana, Heart of Hospice provides hospice and related palliative care services to patients in Western and Central Louisiana. Through a focus on providing the highest quality of patient care, support and education, the Company has successfully expanded its primary service area. For more information, visit the Heart of Hospice website, www.heartofhospice.net
About Edge Healthcare Partners
Edge Healthcare Partners is an independent Atlanta based investment banking firm focused on providing merger and acquisition services to leading private and public healthcare companies and private equity firms. Edge Healthcare Partners also assists companies with raising capital for growth, acquisitions, recapitalizations, going-private and management buy-out transactions The professionals of Edge Healthcare Partners have over 65 years of collective investment banking experience and have completed more than 100 transactions across the entire spectrum of healthcare including healthcare services, healthcare information technology, distribution and life sciences. Securities are offered through Edge Corporate Finance, Member FINRA and SIPC. For more information, visit https://www.edgehcp.com/.
