FARMINGTON HILLS, MI, January 12, 2022 – The Care Team (“TCT”), a prominent hospice
and home health provider operating across Michigan, Pennsylvania and Texas, announced today
that it completed the acquisition of Crossroads Hospice (“Crossroads”), a hospice provider based
in Houston, Texas. Terms of the transaction were not disclosed.
TCT is a portfolio company of Revelstoke Capital Partners (“Revelstoke”), a Denver-based private
equity firm. This transaction marks TCT’s third acquisition since partnering with Revelstoke.
Select shareholders of Crossroads will continue in a management and advisory role with TCT.
“We are thrilled to partner with the Crossroads team and expand our presence in Texas.
Crossroads’ culture, quality of care and compliance standards are very well aligned with those of
The Care Team, making this an exciting combination,” said Jason Laing, CEO and founder of
“We have enjoyed partnering with The Care Team in building its corporate infrastructure to
support regional scale and look forward to adding density in Texas through this meaningful
acquisition,” said Russ Cassella, Managing Partner at Revelstoke.
“We are very excited about the opportunity to work with the Crossroads team in providing high
quality clinical care to patients in the greater Houston area. Key members of the seller group are
continuing with TCT in a management capacity, further strengthening our regional leadership,”
said Jonny Miller, Vice President at Revelstoke.
Winston & Strawn LLP acted as legal counsel to The Care Team.
About The Care Team
The Care Team offers a full spectrum of home care services including nursing services, therapy
services and hospice care across Michigan’s lower peninsula. The Company employs top
industry professionals including physical therapists, skilled nurses, medical social workers,
home health aides, and occupational and speech therapists. TCT’s hospice team provides
specialized care in Michigan, Pennsylvania and Texas that addresses the patient’s physical,
emotional, social and spiritual needs while providing reprieve and comfort for patients’ families.
For more information visit www.tctcares.com.
Crossroads is a hospice provider based in Houston, Texas. Founded in 2018, Crossroads
provides hospice services to patients in the greater Houston area and surrounding counties.
Revelstoke (www.revelstokecapital.com) is a private equity firm formed by experienced
investors who focus on building industry-leading companies in the healthcare and related
business services sectors. Revelstoke partners with entrepreneurs and management teams to
execute on a disciplined organic and acquisition growth strategy as it strives to build exceptional
companies. Revelstoke is based in Denver, Colorado and has approximately $4.3 billion of
assets under management. Since the firm’s inception in 2013, Revelstoke has completed 134
acquisitions, which includes 24 platform companies and 110 add-on acquisitions.