A local hospice care company was acquired Monday, just a few weeks after filing for bankruptcy.
Kendallwood Hospice Co. was acquired by Hospice Partners of America LLC, an Alabama-based company, making Missouri the fifth state the acquirer has entered. Kendallwood, which has locations in Kansas City and St. Joseph, filed for Chapter 11 bankruptcy protection in mid-June.
Hospice Partners CEO Norma English said her company saw this as an opportunity to extend its footprint in the Kansas City market, outside of their location in Basehor.
English declined to disclose how much the company paid for Kendallwood. According to its 74-page voluntary petition to U.S. Bankruptcy Court for the Western District of Missouri, Kendallwood had just more than $3 million in assets and just less than $3 million in liabilities.
Of the 26 employees, 11 have agreed to continue working for the hospice, both full-time and part-time workers. Hospice Partners is still waiting to hear from five more employees, but most Kendallwood employees have moved on, English said. Because the company has a centralized back-office billing function, those positions won’t be needed when the transition is completed, she said.
Adding more staff will happen as the number of patients increase.
Hospice Partners wants the area to know they’re open for partnerships with health care providers and facilities, too, according to the acquisition announcement.
This article originally appeared in an article on BizJournals.