Industry News • August 13, 2018
BOSTON–(BUSINESS WIRE)–H.I.G. Growth Partners (“H.I.G.”), the dedicated growth capital investment affiliate of H.I.G. Capital, has announced that one of its affiliates has completed a strategic investment in Sage Hospice (“Sage” or the “Company”), a leading provider of hospice and palliative care services to patients in the Phoenix, AZ market. Sage will serve as the platform to build a leading regional provider of hospice and palliative care services. To execute on this strategy, H.I.G. is partnering with two experienced hospice industry executives, Glen Cavallo and Jeff Lang. Glen Cavallo, who will join Sage’s board of directors at closing, has over 25 years of experience in the hospice and home care sectors. Jeff Lang, who became Sage’s CEO at closing, has over 18 years of leadership experience at large hospice organizations.
“Tiana and her team at Sage have built a strong platform with an excellent reputation in its community. I look forward to working with the Sage team to build upon its legacy as the Company expands into new markets.”
Headquartered in Phoenix, AZ, Sage is the third largest hospice provider (and largest for-profit hospice provider) in the Phoenix Metropolitan area. Sage has been able to grow rapidly by focusing on providing a level of care that goes above and beyond what is typical within the industry, with 24/7 on-call services, lower patient to provider ratios, and better education and communication with the patient’s family. Sage also runs a successful palliative care program that, together with its hospice program, provides a best-in-class continuum of care for end of life clinical support and treatment.
Founder Tiana Zang said, “We are delighted to partner with Jeff and H.I.G. to execute Sage’s next phase of growth. They share our vision to provide compassionate, comprehensive and quality care to people with life limiting illnesses and bring a successful track record of working with multi-site healthcare service companies.”
Jeff Lang commented, “Tiana and her team at Sage have built a strong platform with an excellent reputation in its community. I look forward to working with the Sage team to build upon its legacy as the Company expands into new markets.”
Mark Tricolli, a Managing Director with H.I.G., added, “We are very excited to partner with Tiana and her dedicated team at Sage. The Company has an excellent reputation for providing high quality care and we look forward to working with the Sage team to capitalize on its many future growth opportunities.”
This article originally appeared in an article on BusinessWire.