VITAS completes purchase of assets in Florida, Alabama

VITAS Healthcare Corporation announced the completion of the previously announced purchase of all hospice operations and an assisted living facility from Covenant Health and Community Services, Inc. d/b/a/ Covenant Care for an aggregate purchase price of $85 million. The transaction is structured as an asset purchase. Covenant’s hospice operations span the panhandle of Florida and Alabama, specifically including the Tallahassee, Marianna, Fort Walton Beach, Panama City, Crestview and Pensacola markets in Florida, and the Dothan and Mobile/Daphne markets in Alabama. The transaction, which was announced on March 13, 2024, closed effective April 17, 2024.