Sierra Tucson announced last week that it has expanded into California by assuming the management of a pair of California treatment centers. Sober Living by the Sea in Newport Beach and Sunrise Recovery Ranch in Riverside are now part of the Sierra Tucson portfolio and will operate as Sierra by the Sea and Sunrise Ranch, respectively.
DENVER, Sept. 4, 2019 /PRNewswire/ -- SCB Global Healthcare Services, LLC, a Denver based healthcare services holding company founded by Warren Olsen and Russ Matthews today announced that it has acquired the Gallus Detox Centers, a provider of customized inpatient medical detoxification programs for alcoholism and drug addiction. Gallus Detox Centers was founded by Dr. Patrick Gallus, a board-certified emergency medicine physician with over 15 years of experience treating drug and alcohol related issues.
LAFAYETTE, La., Sept. 04, 2019 (GLOBE NEWSWIRE) -- LHC Group, Inc. (LHCG) announced today that it has finalized a new joint venture (JV) agreement with Norton Healthcare in Louisville, Ky., effective Sept. 1. The two organizations will share ownership of Caregivers Health Network, a home health provider serving patients and families in Louisville and the region with high-quality affordable healthcare services in the privacy and comfort of their home.
Salem Area Visiting Nurse Association (SAVNA) is merging with Home Care Advantage Inc.
Business Provides Hospice Services through 21 Locations Across Six States, Producing Annualized Revenue of Approximately $55 Million
FRISCO, Texas, Aug. 26, 2019 /PRNewswire/ -- Addus HomeCare Corporation (NASDAQ: ADUS), "Addus" or "the Company," a provider of comprehensive home care services, today announced the signing of a definitive agreement to purchase Hospice Partners of America, LLC, a multi-state provider of hospice services, headquartered in Birmingham, Alabama, for a cash purchase price of $130.0 million, representing $118.4 million of value, net of the present value of $11.6 million of estimated tax benefits. Hospice Partners of America currently serves an average daily census of approximately 1,000 patients through 21 locations across Idaho, Kansas, Missouri, Oregon, Texas and Virginia, with annualized revenue of approximately $55 million. Addus expects to complete the transaction following completion of all required regulatory approvals, subject to customary closing conditions. Addus will fund the acquisition through the Company's revolving credit facility.
Bayada Home Health Care and Visiting Nurse Association Health Group (VNAHG) have agreed to join forces, the mission-driven nonprofits announced Monday. Strategic partnerships with hospitals and health systems are among the drivers of the move, leaders from the two organizations told Home Health Care News.
Mark Schneider, CEO of Vizion Health, LLC (“Vizion”) announced today that the company has assumed co-management with Focus Treatment Centers (“Focus”) in Chattanooga,Tennessee. Vizion is a privately-owned healthcare company located in Charlotte, NC that brings a seasoned behavioral healthcare team with decades of experience to work with the dedicated and passionate team already in place at Focus. A 48-bed residential center for substance abuse and eating disorder treatment, Focus offers the full continuum of care from detox through outpatient services.
ST. PAUL, Minn., Aug. 15, 2019 /PRNewswire/ -- St. Croix Hospice (the "Company" or "St. Croix"), a leading Midwestern hospice provider, is pleased to announce the acquisition of Hometown Hospice & Homecare ("Hometown"). Hometown, headquartered in Brookfield, Wisconsin, provides hospice and home care to its valued patients through three locations strategically located across eastern Wisconsin.
On August 1, Addus acquired Alliance Home Health Care, LLC, and its affiliate, House Calls of New Mexico, LLC, each located in New Mexico. The companies have combined annual revenues of approximately $19.0 million, with 60% of those revenues derived from hospice care and 20% from each of personal care and home health care services. With locations strategically placed across New Mexico, these additions will expand the Company's service area in the state and provide additional market coverage.
ATLANTA and NEW YORK, Aug. 5, 2019 /PRNewswire/ -- Formation Capital ("Formation") and Safanad Limited ("Safanad") announce the sale of the parent company of RHA Health Services, LLC ("RHA"), the comprehensive provider of services to individuals with intellectual and developmental disabilities ("I/DD"), behavioral health needs and substance use challenges to an affiliate of Blue Wolf Capital.