Acquisition Expands Company’s Offering; Extends Geographic Reach
IRVINE, Calif.–(BUSINESS WIRE)–lt;a href="https://twitter.com/hashtag/JetHealthAcquiresFirstChoice?src=hash" target="_blank"gt;#JetHealthAcquiresFirstChoicelt;/agt;–Jet
Health, Inc., a leading regional provider of home health services,
announced today the acquisition of First
Choice Home Health and Hospice, a Boise, Idaho-based home health and
hospice company. The acquisition marks Jet Health’s foray into the
First Choice has provided home health services to patients in the Boise
marketplace since 2004. The company began offering hospice services in
2012 when it merged with A Better Way Home. In 2016, First Choice
started House Calls, allowing for a continuum of care for home-based
“This transaction with First Choice is strategic and significant for Jet
Health in that it signals our entry into the hospice market and extends
our home health offering into Idaho, one of the fastest-growing
marketplaces in the U.S. today. Adding hospice to the equation rounds
out our portfolio of services and benefits both our referral sources and
home health patients alike. We look forward to working closely with the
entire First Choice team to further strengthen the Company’s offering
and market position,” explained Jim Glynn, founder and CEO of Jet Health.
First Choice founders Catherine Jerrems, Pat Toshcoff, Celeste Spencer
and Kara Craig commented on joining forces with Jet Health: “We have
been looking for the right provider partner with whom to align – one
with a similar culture and common mission that would help expand our
service offering throughout Idaho as well as across other key markets.
We found that partner in Jet Health. Their four cornerstones – superior
service, clinical excellence, compliant business practices and an
employee-centric environment – mirror those of First Choice. Our
business will complement that of Jet Health’s as integrating the two
entities will prove beneficial to our new combined patient base.”
Jerrems, Toshcoff and Craig will remain with the Company while Spencer
will retire upon close of the transaction.
Financial terms of the transaction were not disclosed.
Funding for the transaction was provided by SV Life Sciences and Health
Enterprise Partners. Stradling Yocca Carlson & Rauth acted as legal
counsel to Jet Health. The Braff Group originated the transaction and
served as the exclusive mergers and acquisitions advisor to First Choice
Home Health and Hospice.
About Jet Health
Irvine, Calif.-based Jet
Health, Inc. is a home health provider offering skilled nursing
care, physical, speech and occupational therapy, medical social services
and hospice as well as personal care and companion services. The company
operates from locations in Fort Worth and Richardson, Texas;
Albuquerque, N.M.; Denver and Grand Junction, Colo. and Boise, Idaho.
Founded in 2016, Jet Health is building its business through organic
growth, strategic acquisitions and de novo developments in target
markets. Jet Health leverages local brands and operating expertise while
sharing best practices across its companies and centralizing traditional
back office functions. For more information, visit http://jethealthinc.com/.