Sentinel Capital Partners sells Hospice Advantage

Successfully Builds Leading Hospice Care Organization

NEW YORK, October 7, 2015 – Sentinel Capital Partners, a private equity firm that invests in promising companies at the lower end of the middle market, today announced the sale of Hospice Advantage, a leading hospice care organization, to Compassus, a nationwide network of community-based hospice programs and palliative care services. Terms of the transaction were not disclosed.

Headquartered in Bay City, Michigan, Hospice Advantage was founded in 2004 by CEO Rod Hildebrant, a veteran hospice executive with more than 35 years of health care and hospice experience, to serve the needs of terminally ill patients. Hospice Advantage currently operates more than 60 locations in 14 states throughout the Midwest, Southeast, and South.

"We are thrilled with our investment in Hospice Advantage and grateful to have been partners with Rod Hildebrant, who is an extraordinarily talented healthcare executive," said Paul Murphy, a partner at Sentinel. "We have enjoyed working closely with Rod and his highly capable management team, and together, we have developed a leading hospice care organization."

Under Sentinel's ownership, Hospice Advantage grew its business organically and through acquisitions. During this period, Hospice Advantage completed 15 tuck-in acquisitions and opened locations in four new states.

"We are very excited about what we have achieved with Sentinel as our partner. Sentinel's support and long-term growth perspective helped us to exceed our goals and now positions us for continued success," said Rod Hildebrant. "This is an exciting time for our company, as Hospice Advantage joins with Compassus to create a leading national provider of hospice and palliative care services."

Other Sentinel investments in healthcare services include Interim Healthcare (home healthcare provider); Metro Dentalcare (dental services); National Spine & Pain (pain management healthcare); Northeast Dental Management (dental services); and ReachOut Healthcare America (mobile dental services).