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Pennant Acquires First Name Hospice; Humana Grows CenterWell Footprint

Share this…FacebookPinterestTwitterLinkedin Pennant provides end-of-life care supplier The Pennant Group Inc. (PNTG) has acquired the belongings of First Name Hospice,…

By Staff , in Senior Living , at June 21, 2021

Pennant provides end-of-life care supplier

The Pennant Group Inc. (PNTG) has acquired the belongings of First Name Hospice, an end-of-life care supplier that operates in Sacramento, California. Monetary phrases of the acquisition, efficient June 16, weren’t disclosed.

The Eagle, Idaho-based Pennant is the mother or father group of a gaggle of affiliated dwelling well being, hospice, dwelling care and senior residing companies. The corporate at present has 86 dwelling well being and hospice businesses throughout its community, which spans 14 states total.

“We’re happy to broaden our presence in Northern California by way of this high-quality off-market acquisition,” Pennant CEO Danny Walker mentioned in a press release. “First Name Hospice expands our skill to supply high quality care in a strategic market and joins a rising cluster of profitable businesses throughout the state.”

The First Name acquisition comes roughly a month after Pennant bought the belongings of Cardiovascular Residence Care in Fort Price, Texas. Pennant additionally acquired a Colorado dwelling well being company in April.

The corporate — one of many extra energetic suppliers on the M&A entrance in 2021 — continues to discover extra alternatives to amass dwelling well being, hospice, dwelling care and senior residing companies all through the U.S.

Humana to open 4 new senior care facilities

CenterWell Senior Main Care — the senior-focused major care model launched by Humana Inc. (NYSE: HUM) — is opening 4 new places in Louisiana. The brand new places are anticipated to open in 2022 in Denham Springs, Hammond, Covington and Slidell.

Strategically, Humana has positioned CenterWell Senior Main Care as a core a part of its value-based care technique. By guaranteeing its older, frailer members have entry to native community-based physicians, the Louisville, Kentucky-based insurer hopes to chop down on expensive ER journeys and hospitalizations.

“Every little thing about CenterWell was designed with seniors in thoughts,” Matt Eirich, Humana’s chief progress officer, beforehand advised Residence Well being Care Information. “We pair this with a value-based reimbursement mannequin that permits us to spend money on proactive care, seeing our sufferers recurrently, not simply when they’re unwell, and investing time to assist them handle their circumstances.”

CenterWell Senior Main Care is without doubt one of the fastest-growing senior-focused, value-based care suppliers within the nation, delivering care to about 57,000 sufferers throughout greater than 65 facilities. CenterWell opened 15 new facilities prior to now yr, with 20 extra anticipated to open this yr.

Eden Residence Well being acquires WEL-Residence Well being

Eden Residence Well being of Bozeman has acquired WEL-Residence Well being of Bozeman in a deal efficient Might 1.

Eden is a subsidiary of EmpRes Healthcare, a 100% employee-owned household of corporations offering administration and consulting companies to rehabilitation and post-acute care entities, plus assisted and impartial residing communities. EmpRes has been offering post-acute care companies in a number of markets of Montana for over 24 years, based on the corporate.

“We’re dedicated to persevering with to supply the very best stage of high quality care to the residents in Bozeman, together with different outlying areas, and stay up for the chance that this brings for our mutual sufferers and employee-owners,” EmpRes President and CEO Brent Weil mentioned in a press release.

Eden anticipates investing additional in its progress over the subsequent 12 months.

Pediatric Residence Service expands

Pediatric Residence Service (PHS), an impartial and complete dwelling care supplier supporting kids with medical complexities, is increasing its pediatric companies in Ohio. It’s doing so by partnering with Superior Medical Gear and Central Ohio Specialty Care.

PHS initially launched in Minnesota, finally rising to Wisconsin, Indiana, Kentucky, Ohio and Texas as nicely. The supplier gives a variety of in-home care companies to medically advanced kids and their households.

Central Ohio Specialty Care is a division of Superior Medical Gear. The organizations make up a single-source provider for gear, provides, medicines and extra for newborn-to-adult affected person populations.

“Our mission of offering at-home options for medically advanced pediatric sufferers stays on the forefront of every little thing we do,” PHS CEO Cameo Zehnder mentioned in a press release. “We hope this partnership expands our skill to help not solely the household, but in addition the well being care skilled staff, empowering them to make selections in the most effective curiosity of the affected person.”

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