Industry News • January 1, 2018
Five Points Healthcare announced that it has merged with Millenium Home Health Care effective January 1, 2018. Millenium is a Medicare-certified home health provider based in Broomall, PA with additional locations in West Pittston, PA and Milford, DE. Millenium serves the greater Philadelphia market, northeast Pennsylvania and the state of Delaware.
The combined company will operate under Five Points Healthcare, LLC. Anthony Angelo, President and CEO of Millenium, will assume the role of President, Millenium Home Health and Rob Radics will remain the CEO of Five Points Healthcare.
Commenting on the transaction, Rob Radics stated, “We are extremely excited about the opportunity to work with Millenium and expand our services into Pennsylvania and Delaware. Millenium is a high-quality home health provider focused on delivering best in class patient care and is led by a very experienced and accomplished team. Anthony has done an outstanding job leading Millenium over the past eight years and I look forward to working alongside him as we build the premier home health and hospice company in the country.”
Tom Greer, Partner with Fulcrum Equity Partners, added, “This strategic merger expands the Five Points platform into the mid-Atlantic region and complements our existing southeastern presence. Rob and his team have also added additional management talent with this merger that will position the Company for significant future growth.”
Anthony Angelo further added, “Millenium Home Health is excited and proud to be a part of the Five Points family of providers. This is a great opportunity that will accelerate our clinical excellence and position us to offer even greater value to our patients and trusted partners within our communities.”
This article originally appeared in an article on PRWeb.