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Queen City Hospice Expands to Cleveland Via Acquisition
“We are unequivocally focused on personalized and exceptional quality of care. The fact that we continue to grow at a rapid pace is a direct correlation to our passion and dedication of patient-centered hospice care,” said James Vannelle, CEO of Queen City Hospice. “Cincinnati, Dayton and Columbus families have gravitated to our high level of personalized care, so expanding into Cleveland and the Northeast Ohio market proved to be a logical step in our expansion.” “We’re going to take our philosophy and our culture to northeast Ohio and aggressively recruit top talent and then turn them loose to exceed expectations for patients and families,” Vannelle said. Queen City is working with the mergers and acquisitions advisory firm Footprint Capital to identify further targets in its home state as well as locations in neighboring Pennsylvania and other out-of-state markets. Though M&A in the hospice space slowed during the first and early second quarters due to the pandemic, since then activity has been ticking upwards. Middle-market, private-equity backed hospices such as Queen City have been particularly dynamic in recent weeks. “We’ve grown through COVID with record admission months and census growth. In the three cities where we currently operate our legacy programs, we weathered the storm in terms of the challenges that were presented to us. The M&A activity slowed, but our focus was really on our patients and families and as well as our employees,” Vannelle told Hospice News. “We’ve grown through COVID and are back in the M&A market. We are certainly looking for opportunities, and we will continue to pursue them in the rest of this year into next year.”