DALLAS, March 2, 2015 /PRNewswire-iReach/ — New Century Hospice, one of the fastest growing regional hospices, based in Dallas, Texas, announced today that effective March 1, 2015, it has acquired 100% of the member interests in Legacy Hospice, LLC and Legacy Hospice of Colorado Springs, LLC. Both LLC’s are Colorado corporations with locations in Colorado Springs and the greater Denver MSA in Castle Rock south of Denver. Petra Capital Partners of Nashville, TN, and Capstar Bank, also of Nashville, TN, participated in the transaction. Purchase price and terms were not disclosed.

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New Century Hospice, Inc. has been in the top 100 fastest growing companies for the past three years according to SMU Cox School of Business. The Company now reports 17 locations in 6 states primarily in the south and southeast.

“We are excited about the opportunity of bringing Legacy Hospice into the New Century Hospice family and to serving a growing number of patients and families in Colorado Springs and Denver“, said David Gasmire, New Century Hospice Chairman and CEO. “Legacy’s founders and staff have a focus on quality care and compliance, combined with a culture of service and teamwork, which make it a perfect fit for what we continue to build at New Century Hospice”, he said. Gasmire also reported that Legacy founding management and staff are continuing with the Company.

“This has been a big decision for us and we feel that it is a solid strategic move that will benefit the communities we serve and all of our staff members to become part of the New Century Hospice family”, said Lora Merkling, founder and CEO of Legacy Hospice.

“We are very excited to be in Colorado and look forward to continuing to serve the community in the fine tradition that Legacy has established”, said Jerry Lyden, New Century Hospice President and COO.

The purchase of Legacy Hospice is the fifth acquisition in three years for New Century Hospice. “It is very challenging to find the right hospice companies to buy and have performed on all key elements that we believe are necessary to build a lasting and sustainable hospice company”, Gasmire said.

Legacy Hospice will begin doing business as New Century Hospice of Colorado Springs and New Century Hospice of Denver after an undisclosed time of transition and integration.

Media Contact: David Gasmire, New Century Hospice, Inc., 214-217-1100, DGasmire@newcenturyhospice.com

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SOURCE New Century Hospice, Inc.