Business Briefs: LifeCare Holdings to Acquire Haven Home Health
LifeCare Holdings to Acquire Haven Home Health
LifeCare Holdings LLC, a Plano, Texas-based acute care and senior housing strategic planning management company that operates LifeCare Hospitals, has announced its plan to acquire Haven Home Health, a multi-site home health provider in the greater Dallas-Fort Worth area. LifeCare Hospitals is a post-acute health care company that specializes in the treatment of chronically ill and medically complex patients.
The acquisition is expected to close in the second quarter of 2016, pending closing conditions and customary regulatory approvals.
The announcement comes as LifeCare continues its goal of expanding post-acute care services. LifeCare is making investments beyond its long-term acute care offerings, through intermediate skilled nursing, transitional care and behavioral health services.
“With a rich pipeline and track record of clinical success, our company is uniquely positioned to offer facility and community based health care services to chronic and critically ill patients, enabling them to achieve their fullest recovery potential,” Phillip B. Douglas, chairman and CEO of LifeCare Holdings LLC, said in a statement.
Ascension Wisconsin Acquires Wheaton Franciscan Healthcare
Acension, a faith-based non-profit health system in the U.S. and the world’s largest Catholic health system with services and health care locations spanning the continuum of care across the country, has signed an agreement with Wheaton Franciscan Healthcare, making Wheaton’s Southeast Wisconsin operations and related corporate services part of Ascension Wisconsin. The agreement was effective March 1, 2016.
The agreement to bring Wheaton’s Southeast Wisconsin operations under Ascension began nearly two years ago, and the organizations announced their plans to enter the agreement in October 2015.
Ascension was deemed the best fit for Wheaton because of the similar values and missions of both organizations. Wheaton Franciscan Healthcare in Southeast Wisconsin is a Catholic, non-for-profit health care organization with hospitals across Southeast Wisconsin, a medical group, a network of outpatient centers, transitional care and extended care facilities, home health and hospice.
The agreement includes Wheaton’s Southeast Wisconsin region with eight hospital campuses, its medical group physicians, home health and hospice care services, outpatients centers, other facilities and its nearly 11,000 associates and the related corporate services.
Amedisys Completes Associated Home Care Acquisition
Baton Rouge, Louisiana-based home health and hospice care company Amedisys Inc. (NASDAQ: AMED) has completed the previously announced acquisition of a home care provider for $28 million.
The acquisition of Massachusetts-based Associated Home Care is the first acquisition of a private-duty home health agency for Amedisys.
Associated provides care for more than 5,000 seniors daily and has more than 1,500 employees across nine Massachusetts offices. The annual revenue of the provider is about $40 million.
ACHC and Connecticut Association for Healthcare at Home Form Partnership
Accreditation Commission for Health Care (ACHC) has formed a partnership with the Connecticut Association for Healthcare at Home, allowing association members to receive special pricing on ACHC’s home heath, hospice and private duty accreditation services and discounts ton Accreditation University (AU) educational resources.
ACHC is a non-profit accreditation organization that has offered services for home health, hospice and private duty agencies since 1986. The organization has Deeming Authority from the Centers for Medicare & Medicaid Services (CMS) for home health, hospice and DMEPOS and a quality management system that is certified to ISO 9001:2008.
RespondWell Partners With Phillips Aging Well Services
RespondWell, a tele-rehabilitation startup that speeds up rehabilitation with a home-based technology solution, has partnered with global health care giant Royal Phillips’ Aging Well Services division.
The partnership will feature a wellness product created by RespondWell that offers seniors a customizable interactive fitness and rehabilitation experience from home. Phillips is creating an ecosystem of partners to build out a connected health resource center and bring the relevant innovations to market.
RespondWell is one of the first companies to join the Phillips Aging Well Services initiative and has created Fitness@Home, a direct-to-consumer tele rehab app that teaches healthy seniors to build strength and stability from a home-based, personalized experience. After a fall or knee or hip replacement surgery, seniors stay connected to their provider with RespondWell’s Therapy@Home remote patient monitoring system.
Written by Amy Baxter