HCA Healthcare to ‘Aggressively Grow’ Brookdale Hospice, Home Health Post-Sale
Kevin Palamara was recently quoted in article on Hospice News.
HCA Healthcare (NYSE: HCA) is expected pursue speedy growth for the hospice and home health business the company is set to acquire from Brookdale Senior Living (NYSE: BKD). Brookdale has entered into a definitive agreement to sell an 80% stake in its health care services segment to HCA for $400 million.
Brookdale will retain a 20% interest in the segment. Following the transaction’s closing, Brookdale will no longer report revenue and expenses on that portion of the business. It will be considered an equity investment.
“Given what a really strong operator HCA Healthcare is, they will have a plan in terms of how to grow [Brookdale Health Services (BHS)] aggressively, and that will be from incorporating BHS into their continuum of care,” said Brookdale CEO Lucinda Baier. “That will give their patients better option and will really help by growing both BHS as well as our senior living community occupancy.”
Nashville-based HCA Healthcare operates 185 hospitals, surgery centers, freestanding emergency rooms, urgent care centers, and physician clinics in 20 states and the United Kingdom, more than 2,000 sites of care all told. This opens up a substantial network that stands to boost hospice census and referrals.
To access the full article on Hospice News and read Kevin’s thoughts, click on the following link: HCA Healthcare to ‘Aggressively Grow’ Brookdale Hospice, Home Health Post-Sale
About Hospice News
Hospice News (HN) is an independent source for breaking news and up-to-date information on the hospice industry. The coverage spans the hospice world specifically, from large, national service providers to independent care companies. Its news and perspective gives industry professionals the information they need to make the best decisions in their day-to-day business operations.
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