Hospitals, Health Systems Announce Sales, New Joint Ventures
Louisville-based Kindred Healthcare announced it will sell 12 long-term acute care hospitals, while LHC Group, a Louisiana company, announced a joint venture with two of Northern Arizona Healthcare's home health agencies and a hospice. Changes are also afoot in Minnesota and Ohio.
The Associated Press:
Kindred Healthcare Selling Long-Term Care Hospitals
Kindred Healthcare announced it has signed an agreement to sell 12 long-term acute care hospitals to Curahealth LLC for $27.5 million. Kindred President and CEO Benjamin A. Breier said in a statement Monday that the transaction creates both strategic and financial value for the Louisville-based health care giant. (4/5)
The Associated Press:
LHC Group Inks Home Health, Hospice Partnership In Arizona
Louisiana-based LHC Group will become the majority owner and operator of two of Northern Arizona Healthcare's home health agencies and a hospice under a joint venture agreement. Terms of the deal were not disclosed on Monday. (4/5)
The Associated Press:
Fairview Health Services To Merge With UCare Health Plan
Fairview Health Services said Tuesday it will acquire the UCare health plan, which had been struggling since losing contracts with the state to cover low-income people enrolled in the MinnesotaCare and Medical Assistance programs. (4/5)
The Cleveland Plain Dealer:
MetroHealth To Re-Open Former HealthSpan Buildings Over The Next Two Weeks
The MetroHealth System says it will begin serving patients in several former HealthSpan buildings in the Cleveland area over the next two weeks. Medical buildings in Parma, Cleveland Heights and Bedford were opened to patients on Tuesday. A facility in Rocky River facility will start serving patients on April 18, and a new medical office will open at the Galleria YMCA in August to serve the downtown population. (Ross, 4/5)