Business Briefs: Dignity Health, Select Medical to Combine Urgent Care Businesses
Dignity Health, Select Medical to Combine Urgent-Care Businesses
Dignity Health and Select Medical will combine their urgent-care businesses for better alignment of care delivery, Modern Healthcare reported on Oct. 23. Dignity Health is one of the largest not-for-profit providers in the U.S., while Select Medical is one of the largest operators of specialty hospital and outpatient rehabilitation clinics.
Under the deal, Dignity will merge U.S. HealthWorks, its urgent-care and occupational medicine subsidiary, with Select Medical’s Concentra Group Holdings. Dignity will own a 20% equity interest in the combined entity, which is valued at $238 million. It will receive the remainder of the purchase price, which was not disclosed, in cash upon the closing of the deal, which is expected in the first quarter next year pending customary regulatory reviews.
Concentra will acquire all issued and outstanding shares of U.S. HealthWorks’ stock. It will redeem outstanding equity interests from the existing minority equity holders, including Welsh, Carson, Anderson & Stowe and Cressey & Co., to keep a majority voting interest in the combined business.
The deal builds on Select Medical and Dignity’s joint venture to build and manage a 60-bed acute inpatient rehabilitation hospital in the Las Vegas area, which also includes joint operation of 12 outpatient rehabilitation clinics in the area. That agreement was formed earlier this year.
Hospice Source, LLC Completes Its Third Acquisition
Carrollton, Texas-based Hospice Source purchased certain assets of Specialized Medical Services and Premier Medical Corporation in the East Tennessee, New Mexico and Houston markets. Hospice Source provides medical equipment and respiratory therapy, with an exclusive focus on the hospice sector.
The purchase expands Hospice Source’s geographic footprint into two additional states, broadening coverage in both the Southeastern and Western regions.
PlayMaker Announces New Sales Solution for Home Medical Equipment
Franklin, Tennessee-based PlayMaker, which provides sales solutions for post-acute care, announced the PlayMaker Edge for HME sales solution. The product lets sales leadership use current market data to find opportunities and target appropriate referral sources, while sales managers can use HME-specific dashboards and reporting in a variety of ways to enhance sales efforts, according to a release. Sales representatives can use the PlayMaker Edge Mobile for HME for iOS and Android apps.
PlayMaker Edge also integrates with clinical management systems such as Brightree to provide up-to-date information on patient and order status. It debuted at MedTrade 2017 in Atlanta.
Written by Maggie Flynn