Archives     Advertise     Editorial Calendar      Advertiser Index     Subscribe     Contact Us    


HCA Plans to Buy Brookdale Unit


 

On Wednesday, news broke that Nashville-based HCA Healthcare has agreed to buy a majority stake in Brookdale Health Care Services (BHS), the unit of the Brentwood-based senior living company that serves home health, hospice and outpatient therapy needs, for a reported $400 million. Brookdale will retain a 20% stake in the unit.

Lucinda "Cindy" Baier, Brookdale's President and CEO, said, "The health and wellbeing of our residents is at the core of Brookdale's mission. Today's partnership with HCA Healthcare, a leading healthcare organization, will continue the high quality services delivered to our residents and patients, strengthen our liquidity position and provide meaningful opportunities for growth through better integration of services across the entire care continuum."

"HCA Healthcare's objective is to be the healthcare system of choice in the communities we serve," said CEO Sam Hazen in a statement. "This opportunity to partner with Brookdale will expand the services we offer and enhance our ability to deliver a better experience for our patients, as well as for Brookdale residents."

BHS operates 57 home health agencies and 22 hospice agencies across 26 states, along with 84 outpatient therapy locations with 98 percent of its agencies earning 4 star or better Quality Star Rating from Centers for Medicare and Medicaid Services in December 2020. Services are provided for those residing in Brookdale communities, as well as in their own homes. The deal is anticipated to close mid-year.

Share:

 

Email Print

 

More Grand Rounds:

 

Harrow Health Provides $13.5 Million Senior Secured Loan to Melt Pharmaceuticals

Melt Expects to Dose First Patient in MELT-300 Phase 2 Study During September 2021

Read More

Franklin Dental Care to Host Free Dentistry Day Friday, October 1

Residents in the Franklin community and surrounding areas will have the opportunity to receive free dental services at Franklin Dental Care on Friday, October 1.

Read More

Family & Children's Service Awarded $8M to Support ACA Outreach and Enrollment

Family & Children's Service Awarded $8M to Support ACA Outreach and Enrollment

Nashville-Based Nonprofit Awarded Largest Federal Grant in its History

Read More

Edson James Andrews, Jr., M.D., F.A.C.R., F.A.C.C Obituary

Read More

Rheumatoid Arthritis Drug Combined with Standard of Care May Help Reduce Mortality for Hospitalized COVID-19 Patients

Rheumatoid Arthritis Drug Combined with Standard of Care May Help Reduce Mortality for Hospitalized COVID-19 Patients

Hospitalized patients with COVID-19 who received the rheumatoid arthritis drug baricitinib, in combination with the standard of care including corticosteroids, died less often than those receiving only the standard of care, according to a study released this week in The Lancet Respiratory Medicine.

Read More

Help tackle the need by giving blood or platelets with the Red Cross

Help tackle the need by giving blood or platelets with the Red Cross

Red Cross and Sport Clips Haircuts partner to offer free haircut coupon to donors in September

Read More

SNAP benefit set to increase providing more dollars for low-income families to spend on food when pandemic relief expires

The Tennessee Justice Center applauds USDA for its reevaluation and cost adjustment of the Thrifty Food Plan, a measure that is used to calculate the monthly Supplemental Nutrition Assistance Program (SNAP) benefit allotment.

Read More

Gen Cap America Partners with Management to Acquire Lab Products

Gen Cap America, Inc. ("Gen Cap"), a private equity firm focused on lower middle market buyouts, announced that, in partnership with management, it has acquired Lab Products, LLC and Harford Systems, LLC (together, "Lab Products") from Avidity Science, LLC. Terms of the transaction were not disclosed.

Read More

New Podcast Provides Entertaining, Enlightening Glimpse into Lives of Area Seniors

New Podcast Provides Entertaining, Enlightening Glimpse into Lives of Area Seniors

In collaboration with Blakeford Senior Life, Ben Oddo is releasing a podcast series this Thursday, September 2, titled Me and All My Friends.

Read More

New Podcast Provides Entertaining, Enlightening Glimpse into Lives of Area Seniors

In collaboration with Blakeford Senior Life, Ben Oddo is releasing a podcast series this Thursday, September 2, titled Me and All My Friends.

Read More

Dine Out for Charity at Sedona Taphouse is Back!

Read More

Kirkland's supports heart and brain health through American Heart Association's Life Is Why We Give campaign

Kirkland's supports heart and brain health through American Heart Association's Life Is Why We Give campaign

Shoppers can support the life-saving work of the American Heart Association both in stores and online this August.

Read More

Tennessee Medicaid Waiver Approval Lawsuit Put on Pause, Plaintiffs Agree Following New Approval Process

On Thursday, August 12, the U.S. District Court for the District of Columbia announced that it had ordered the case McCutchen v. Becerra to be held in abeyance.

Read More

Harrow Health Acquires Ophthalmic Surgical Drug Candidate From Wakamoto Pharmaceutical Co., Ltd.

Harrow Health, Inc. (NASDAQ: HROW), an ophthalmic‑focused healthcare company, announced that it has entered into an agreement with Wakamoto Pharmaceutical Co., Ltd. to acquire the U.S. and Canadian commercial rights for drug candidate MAQ-100, a preservative-free triamcinolone acetonide ophthalmic injection.

Read More

Ryan Seacrest Foundation and Gibson Gives Present - The Nashville Sessions -With Jimmie Allen, Lauren Alaina, and Jillian Jacqueline

Ryan Seacrest Foundation and Gibson Gives Present - The Nashville Sessions -With Jimmie Allen, Lauren Alaina, and Jillian Jacqueline

Gibson Gives, the philanthropic arm of Gibson--the iconic American guitar brand--has teamed up with the Ryan Seacrest Foundation (RSF)for the next installment of The Nashville Sessions--a virtual concert series for children's hospital patients across America.

Read More

CAREPAYMENT ENHANCES OMNI-CHANNEL APPROACH WITH NEW DIGITAL CAPABILITIES TO INCREASE FINANCIAL ENGAGEMENT AND PATIENT SATISFACTION

New capabilities include intelligence-based engagement and redesigned member portal

Read More

Downtown workers and residents invited to grand reopening of Complete Health Partners at 3rd and Church

Downtown workers and residents invited to grand reopening of Complete Health Partners at 3rd and Church

Attendees can meet the medical providers and tour renovated space

Read More

HST Pathways Appoints Experienced Technology Executive David Thawley as CEO

HST Pathways Appoints Experienced Technology Executive David Thawley as CEO

Thawley brings 15+ years of experience leading high-growth technology companies

Read More

UnitedHealthcare and Tennessee Initiative for Perinatal Quality Care Focus on Health Equity in Maternal Health Outcomes

Initiative will address racial disparities by providing maternal hypertension and hemorrhage simulation training in 49 hospitals, and testing remote patient monitoring for expectant mothers through Regional One Health

Read More

Connections Health Solutions Secures Growth Financing for National Expansion from Heritage Group

Funding to Fuel National Expansion of Connections Health Solutions' Behavioral Health Crisis Stabilization Delivery System Built on Value-Based Care Model, Create Additional Solutions as Demand for Behavioral Health Services Skyrockets

Read More

 
 


Tags:
None
Powered by Bondware
News Publishing Software

The browser you are using is outdated!

You may not be getting all you can out of your browsing experience
and may be open to security risks!

Consider upgrading to the latest version of your browser or choose on below: