Petra Capital Partners is pleased to announce the sale of Remita Health, a hospice provider in Arizona, California and Nevada, to Bristol Hospice, a leading hospice provider with 35 locations in 10 states backed by Webster Capital. The combined companies remain committed to providing compassionate hospice and palliative care to those facing terminal illness.
Petra made its initial investment in Remita in 2017 by providing a mix of subordinated debt and equity capital to support continued growth. This transaction represents Petra’s third successful hospice investment as part of its broader healthcare investing strategy.