Uplift Hospice Acquires Stoneridge Hospice in Arizona

A peaceful hospice care setting with dedicated staff assisting patients.

News Summary

Uplift Hospice has expanded its operations in Arizona by acquiring Stoneridge Hospice. This acquisition raises Uplift’s average daily patient census from 300 to 500. As Uplift strengthens its presence in the Southwest, CEO Owen Lawrie reaffirmed the commitment to preserving Stoneridge’s patient care standards. With a growing senior population in Arizona, this move aims to enhance access to high-quality hospice services, aligning with the company’s strategy of partnering with culturally rooted providers.

Arizona – Uplift Hospice has announced the acquisition of Stoneridge Hospice, a hospice provider based in Arizona. The deal, the financial terms of which remain undisclosed, significantly expands Uplift’s operations in the state, increasing its average daily census to 500 patients. Prior to this acquisition, Uplift’s Arizona operations served an average of 300 patients daily.

This latest acquisition reinforces Uplift’s presence in the southwestern and mountain states, which includes locations in Texas, Arizona, and Nevada. Besides Arizona, Uplift also operates in Las Vegas and Houston, where it serves 100 patients in each city.

The owners of Stoneridge Hospice sought to exit the business, valuing cultural alignment and patient care over financial considerations in their decision to sell. Uplift CEO Owen Lawrie emphasized the strength of the community relationship that contributed to the acquisition, noting the company’s commitment to preserving the legacy of Stoneridge’s established patient care standards and its dedication to both patients and employees.

Arizona’s demographics are shifting, with the state ranked 12th in the nation for the concentration of seniors aged 65 and older. As of 2022, 18.8% of Arizona’s population fell within this age group, a figure expected to surpass 20% by 2030. Concurrently, hospice utilization rates in Arizona are notably high, exceeding the national average, with over 54% of eligible patients utilizing hospice services.

This acquisition follows a similar move earlier in 2022, where Uplift finalized the purchase of Star of Texas Hospice. Like the Stoneridge acquisition, the financial details of the Star of Texas deal were also not disclosed. Lawrie reaffirmed that Uplift’s acquisition strategy focuses on partnering with hospice providers that have strong local roots and prioritize high clinical standards.

Through these initiatives, Uplift Hospice aims to enhance its operational capacity and provide greater access to hospice services in a growing senior population, ensuring that compassionate and culturally aligned care continues to thrive throughout its extended network. As the demand for hospice care continues to rise, Uplift’s strategic acquisitions are positioned to meet the needs of communities across the Southwest and mountain regions.

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