Business Briefs: Visiting Nurse Health System’s Physician House Calls
Visiting Nurse Health System Enters Agreement for Physician House Call Service
Visiting Nurse Health System, Georgia’s largest non-profit provider of home health care and hospice services, has entered into a preferred provider agreement with Resurgia Health Solutions, to provide physician house calls for home-bound patients. Resurgia is an Atlanta-based, physician house call medical practice that provides primary and interim care.
The partnership gives high-acuity patients within Visiting Nurse’s 26-county reach another service to receive care at home. Patients will be contacted within 48 hours to schedule an appointment, according to the company. The agreement aims to provide timely physician visits post-discharge to avoid re-hospitalizations. Patients can enter the Visiting Nurse continuum of care at the point determined by the physician.
Gemino Healthcare Finance Provides $12 Million Credit Facility to Soleo Health
Philadelphia, Pennsylvania-based Gemino Healthcare Finance has closed in a $12 million senior secured credit facility to Soleo Health, a provider of home and alternate-site specialty infusion therapies and a portfolio company of H.I.G. Capital.
The company plans to use the loan to retire a portion of its senior debt and for working capital, according to Gemino. Gemino Healthcare Finance is a specialty finance company that focuses exclusively on providing senior secured loans to healthcare service providers, with financing needs that typically range from $2 million to $25 million.
“We are pleased to partner with Gemino as Soleo Health furthers its national footprint of providing high-touch patient care,” sid John Ginzler, Soleo Health’s CFO.
Ohio-Based Home Care Company Changes Name
Ohio-based Continuum Home Care, which serves residents in Ashtabula, Lake, Geauga, Cuyahoga and Trumball counties, is changing its name to Capital Health Home Care.
The home care provider is part of Capital Health Care Network, which provides health care services to seniors across Ohio, and has been operating in the area since 1984.
The company decided to make the change so all the agencies would share the same name, according to Lisa Brown, COO of the home care and hospice division and Capital Health Care Network.
“We are excited about our name change to Capital Health Home Care, which better reflects our unity as an organization and raises awareness about the continuum of care we offer to seniors and their families,” said Kara Berries, owner of Capital Health Care Network. “Our vision is to lead the senior health care industry by providing solutions that help seniors age on their own terms.”
Wisconsin Health Services Providers Announce New Affiliation Agreement
Three health care services providers in Wisconsin have announced a new affiliation agreement. The agreement is between Agrace Hospice & Palliative Care, a non-profit, community-support hospice and palliative care agency, UnityPoint at Home, a home health care services provider that serves Iowa, Illinois and Wisconsin, and UW Health, the integrated health system of the University of Wisconsin-Madison.
The goal of the affiliation is to deliver hospice and palliative care services to serve those with end-of-life needs. Under the agreement, the organizations will collaborate to benefit patients and families through enhanced access to high-quality, coordinated and compassionate care.
Agrace will remain a wholly independent non-profit organization, but the organizations have agreed to work closely to serve those in need in the area.
“Hospice and palliative care are vital parts of the continuum of care in our area,” Dr. Jeff Grossman, interim CEO of UW Health, said in a statement. “We feel honored to join with UnityPoint at Home in this affiliation. Agrace will remain independent, but patients will benefit from a closer relationship among the organizations.”
HCR Home Care Establishes Management Subsidiary
HCR Home Care, a New York-based home care provider that serves residents throughout the state and focuses on nursing and therapeutic services, has created a management subsidiary called HCR Care Management LLC.
The new subsidiary enables the company to expand existing services to support new initiatives that align with Medicaid reform and transformation in the health care delivery system. Care managers will support Medicaid-eligible patients to help them overcome barriers to receiving care, and connect them to necessary health and wellness services.
HCR Care Management LLC is a contracted provider to Health Home of Upstate New York and Greater Rochester Health Home Network, both local home health agencies.
Patient Home Monitoring Appoints New COO
Patient Home Monitoring (TSX: PHM), a healthcare service company in the United States and Canada that delivers specialized health care products and services, has promoted Greg Crawford to chief operating officer.
Crawford joined PHM last year when the company purchased Patient-Aids, Inc. Crawford has been working at Patient-Aids since 1994 and became a partner in 1997. By 2004, he was the sole owner of Patient-Aids. In the post-closing payments for the acquisition of Patient-Aids, PHM and Crawford agreed to amend the original purchase agreement that required PHM to pay Crawford $11.4 million in a combination of cash and shares over two payments in April and October 2016.
The amended agreement details that Crawford elected to receive all of the remaining consideration due under the original agreement in more than 33 million shares and a new role as COO. His ownership will exceed 20%. The foregoing transactions are subject to final approval of the TSx Venture Exchange.
Written by Amy Baxter