Bayada and VCU Health System Form New Joint Venture; Choice Health makes multiple acquisitions
Bayada’s New Home Care Joint Venture
Bayada Home Health Care and VCU Health System have formed a new home and hospice care joint venture in Richmond, Virginia.
The new company, named “VCU Health at Home by Bayada”, is expected to start accepting patients within the next six to nine months. The company will serve patients requiring home care services in Richmond and surrounding counties.
“We are excited to partner with a mission-aligned healthcare leader like VCU Health, as we both move towards a future where home is the center of healthcare,” said the CEO of Bayada, David Baiada, in a statement. “With Bayada’s 45 years of expertise in providing quality care to clients at home and this new relationship, we can improve access to care for a dramatically growing number of seniors who want and deserve to age at home. in comfort and dignity. “
The launch of VCU Health at Home by Bayada marks the expansion of the not-for-profit home care organization into the Richmond market for home health and palliative care services. She already provided personal care services to seniors in the area.
Founded in 1975 and based in Moorestown, New Jersey, Bayada employs more than 26,000 nurses, home helpers, therapists, medical social workers and other home care professionals. The company has 347 locations in 22 states and seven countries outside the United States
The VCU Health System is made up of VCU Medical Center, Community Memorial Hospital, Richmond Children’s Hospital in VCU and MCV Doctors. The system is under the broader umbrella of Virginia Commonwealth University.
“Our mission is to provide the highest quality care to all Virginians. This mission extends beyond the walls of our hospitals into the communities and homes of the people we serve, ”said Dr. Art Kellermann, Senior Vice President of Health Sciences at VCU and CEO of VCU Health System , in a press release. “We are partnering with a national expert to set a new quality standard for home and hospice care in Virginia. “
The new JV in Virginia is the latest example of Bayada investing in its partnership strategy.
Earlier this year, the company launched a joint venture with the Baptist Health Hospital System in Florida. In July 2020, Bayada revealed its intention to form a joint venture with Universal Health Services Inc.
Choice Health expands in Texas, Oklahoma
Choice Health at Home has acquired several home and hospice care agencies in Texas and Oklahoma.
Choice Health, based in Tyler, Texas, currently operates in Texas, Louisiana, and Oklahoma. It was founded in 2008 as a provider of rehabilitation services, but then expanded into the home health and hospice markets in 2012 and 2018, respectively.
Choice Health initially announced an entry into Oklahoma through the January acquisition of Angelic Hospice in Shawnee. This has now followed with the purchase of Restore Home Health, a home health care provider operating in the central and northeast parts of Sooner State.
“Our goal is to provide excellent health care to our patients from the comfort of their homes,” said David Jackson, founder and CEO of Choice Health at Home, in a press release. “We are very excited about our healthcare segments and the opportunity to serve residents of the state of Oklahoma. “
Lori Chlouber, CEO of Restore, will remain with Choice Health as vice president of state strategic operations.
In addition to the business in Oklahoma, Choice Health announced the acquisition of Home Therapy of Austin. The supplier began planning for the acquisition in late 2020, then executed the transaction last month.
The Austin agency will be integrated into Choice’s current operations in central Texas, according to the company.
Its management team expects more M&A actions throughout 2021.
“While our primary growth driver remains organic development, these three businesses represent what we look for in strong regional offices that have benefited from owner-operator leadership,” said Clay Dickeson, vice president of finance and business analyst. mergers and acquisitions for Choice Health. The version. “From an acquisitions perspective, Choice is very interested in these types of organizations going forward and will continue to be active. “
DispatchHealth partners with Wexner Medical
Ohio State University’s Wexner Medical Center and DispatchHealth are partnering with new home care initiative.
Denver-based DispatchHealth started out as an emergency home care business, but has since grown to offer a variety of services, including acute home care. Its other major partners include MultiCare healthcare system, insurance giant Humana Inc. (NYSE: HUM) and more.
Ohio State University Wexner Medical Center is a multidisciplinary academic medical center based in Columbus, Ohio. The health system operates seven hospitals in total.
As of July 1, Wexner Medical patients and providers across the Columbus community can seek medical attention from DispatchHealth for a range of common to complex injuries and illnesses, such as viral infections, COPD exacerbations and congestive heart failure. As part of the partnership, some high-risk patients will also have access to DispatchHealth’s “Bridge Care” program, which revolves around home care approximately 24 to 72 hours after an acute hospital stay.
“Home health continues to be a critical part of our global continuum of care,” Wexner Medical Center CEO Dr. Hal Paz said in a statement. “This partnership will provide our patients with high acuity care in the comfort of their own homes while reducing preventable hospital readmissions by connecting patients with a primary care physician or specialist. “
Paz is also executive vice president and chancellor for health affairs at Ohio State University.
Regardless of the news from DispatchHealth, Wexner Medical also announced at the end of May a new home care joint venture with Alternate Solutions Health Network.
Encompass Health completes the purchase of Frontier
Encompass Health Corp. (NYSE: EHC) has completed the previously announced acquisition of Frontier Home Health and Hospice.
The acquisition adds nine home care facilities and 11 palliative care facilities to Encompass Health’s footprint. The purchase allows the Birmingham, Alabama-based company to serve new markets in Alaska, Montana and Washington while expanding its existing presence in Colorado and Wyoming.
Encompass Health’s home and palliative care activities include 250 home care centers and 93 palliative care centers.