Hospice Provider Nursing Team has acquired the & hospice from InTeliCare Home Health in Michigan for an undisclosed amount. The Care Team is a portfolio company of Denver-based private equity firm Revelstoke Capital Partners.
In addition to hospice care, the care team offers home care services, physiotherapy, home care as well as speech and occupational therapy. The company also employs medical social workers. Revelstoke acquired the company in October 2019, at which point it indicated that expanding into new markets would be a priority.
“[The Care Team] has made significant investments in corporate infrastructure to achieve additional scalability and improve patient care. We have a strong partnership with the management of the Care Team and look forward to working with them on this transformative acquisition, ”said Russ Cassella, Managing Partner at Revelstoke.
The InTeliCare transaction is The Care Team’s first acquisition since partnering with Revelstoke. Currently, the company’s growth plans are focused on the Great Lakes region. InTeliCare’s previous owners Irene Tuttle and Todd Josephson will remain with the company in advisory roles.
The transaction extends the care team’s reach across the lower peninsula of Michigan, where InTeliCare operates three locations. The company intends to leverage its greater geographic footprint in negotiating with payers and referral partners. Size and scope can be important considerations for payers as they choose hospices to work with, particularly under Medicare Advantage. Health plans often prefer to work with providers who can cover a broad region.
« With the acquisition of InTeliCare, the Care Team will be able to treat patients across the Michigan Lower Peninsula, making us better partners in our payer and referral relationships, » said Jonny Miller, vice president, Revelstoke.
U. . S.. . 2019 census data showed that Michigan’s population was aging faster than the rest of the nation. Approximately 21 of Michigan’s 83 counties have a median age of 50 years or older, the highest this year. Nationally this number is 38. 2 years old.
Michigan ranked 10th in 2018 with 53. Place in the nation for hospice use among the Medicare deceased. 8% compared to a national average of 50. 1%. Utah led the nation at 60 that year. 5%
“The Care Team and InTeliCare share similar cultures and a strong commitment to patient care, clinical excellence and compliance. We see a tremendous opportunity to combine the strengths and capabilities of both companies, ”said Jason Laing, CEO and Founder of the Care Team.
Jim Parker is a subculture of one. Swashbuckling exploits of high adventure bring a joyful tear to his salty eye. The Chicago-based journalist, who has been involved in healthcare and public order since 2000, has an interest in fire performance, culinary arts, literature, and general geekery, among others.
Hospice News is the premier source of news and information about the hospice industry. Hospice News is part of the Aging Media Network.
Home Care, Hospice, Healthcare
World News – USA – Nursing Team buys InTeliCare Home Health & Hospice – Hospice News
Donnez votre avis et abonnez-vous pour plus d’infos
Vidéo du jour: