St. Croix Hospice (“St. Croix”) is a provider of end-of-life hospice care for patients suffering from a life-limiting illness or terminal disease. The company is a dominant player in the underserved Upper Midwest region.
St. Croix was founded in 2008 by three members of senior management with financial backing from several wealthy individuals. Clearview recognized an opportunity to back an impressive, experienced management team in a large, growing, fragmented industry, supported by an aging population and increasing utilization of the hospice benefit nationwide. The transaction provided liquidity to the high-net-worth individuals, while management reinvested the majority of its proceeds alongside Clearview in the recapitalized business.