Business Briefs: LHC Completes Halcyon Hospice Acquisition, Epic Health Services Acquires Unifour Nursing
LHC Group Completes $58.5 Million Halcyon Hospice Acquisition
Lafayette, Louisiana-based LHC Group, a post-acute care provider, completed its acquisition of Cumming, Georgia-based Halcyon Hospice for $58.5 million.
Halcyon operates 16 hospice locations across Georgia, South Carolina and Mississippi, including two inpatient hospice facilities. The company’s overall service area covers 183 counties, including 59 counties where LHC is licensed for home health.
With this acquisition, LHC’s hospice service line will grow to 53 locations in 12 states with more than $110 million in annual revenue.
Halcyon’s yearly revenue is about $41 million.
Epic Health Services Acquires Unifour Nursing
Dallas-based Epic Health Services acquired Newton, North Carolina-based Unifour Nursing, a pediatric and adult home care provider that has been in business for more than 30 years.
The financial terms of the deal were not disclosed.
The acquisition represents Epic’s entry into North Carolina, expanding the company’s service territory to 16 states.
Unifour is expected to integrate fully into Epic’s operations, with Unifour President Darius Nouri transitioning into a regional operations role, overseeing North Carolina’s operations and facilitating an expansion and growth strategy across the state and throughout the Southeast over time.
“We’re constantly on the lookout for like-minded companies that are as dedicated to exceptional patient care as we are, and we found that match with Unifour Nursing,” Epic President and CEO Chris Roussos said.
Epic Health Services, a portfolio company of Webster Capital, is a leading national provider of pediatric skilled nursing, therapy and autism services.
Amada Senior Care Expands to Denton and Frisco, Texas
Amada Senior Care, a premier provider of in-home and assisted living placement counseling, opened its Denton/Frisco location — its newest office in Texas — on Oct. 1.
“At Amada in Denton and Frisco, we provide non-medical in-home care through caregivers that assist seniors with activities of daily living, allowing them to remain in their home as long as possible,” Sean McLeod, an Amada franchise partner, said.
In the event that a senior can no longer age in place at home, Amada Denton-Frisco also provides placement advisory services, a type of counseling that helps individuals find the best assisted living environment for them.
According to Andrianna McLeod, Sean’s wife, they are also experts with respect to understanding options seniors have for financing their care.
“We can help seniors navigate financial options like long-term care insurance, life insurance policies, and veterans’ benefits to help you pay for care,” Andrianna McLeod said. “We want to help you find the best option to meet your needs.”
Presbyterian Hospice of Mid-America in Farmington, Missouri, Becomes Senior Independence Hospice of Mid-America
Presbyterian Hospice of Mid-America (PHMA) in Farmington, Missouri, changed its name to Senior Independence Hospice of Mid-America, effective Aug. 17.
The hospice service is a Medicare-certified, nonprofit agency serving Madison, Iron, St. Francois, Washington and Ste. Genevieve counties in Missouri.
The name change recognizes a partnership between PHMA and Senior Independence of Columbus, Ohio. PHMA was founded in 2005, and Senior Independence has 35 years of experience in providing community- and home-based services to seniors.
“While still being owned by Presbyterian Manors, this gives us the ability to merge with a management company that can provide additional tools and resources specific to hospice care that are needed to further our mission,” said Rodney Quinton, administrator for PHMA. “To provide compassionate end of life care, guided by Christian values.”
Preferred Home Health Services Becomes Greystone Home Health of Orlando
On Oct. 1, Preferred Home Health Services joined the Greystone Health Network and changed its name to Greystone Home Healthcare of Greater Orlando LLC, completing all elements of the two companies’ plans for full integration into the health network.
Greystone Home Healthcare of Greater Orlando LLC has worked with the Greystone Health Network since April via a management contract.
Greystone Home Healthcare of Greater Orlando LL offers home healthcare services in Orange, Brevard, Osceola and Seminole counties in Florida.
“Greystone’s continuum of care continues to grow as we work to better serve our patients across Florida,” said Connie Bessler, CEO of Greystone Healthcare Management.
Greystone Home Healthcare of Greater Orlando LLC complements existing network services in the Brevard and Orlando area, including skilled nursing communities Viera Health and Rehabilitation Center in Melbourne, Florida, and Rockledge Health and Rehabilitation Center in Rockledge, Florida.
The Greystone Health Network encompasses more than 45 locations across Ohio and Florida. Tampa, Florida-based Greystone Healthcare Management Corp. manages assisted living and skilled nursing communities, outpatient rehabilitation and home health services, hospice care and private duty services.
Written by Mary Kate Nelson