Bayada’s new health JV
Bayada Home Health Care and VCU Health System have formed a new home nursing and hospice joint venture in Richmond, Virginia.
The new company, called VCU Health at Home by Bayada, is expected to enroll patients within the next six to nine months. The company will serve patients in Richmond and the surrounding counties in need of home care.
“We are excited to partner with a mission-driven health leader like VCU Health as we both work towards a future where the home is at the heart of health care,” said David Baiada, CEO of Bayada, in a statement. “With Bayada’s 45 years of experience in providing high quality home care to customers, and this new relationship, we can improve access to care for a vastly growing number of seniors who want and deserve it, in comfort and dignity to age in their place. “
The launch of VCU Health at Home by Bayada marks the expansion of the home care nonprofit into the Richmond market for both home health and hospice services. It already offered personal care services to senior citizens in the area.
Founded in 1975, Bayada is headquartered in Moorestown, New Jersey and employs more than 26,000 nurses, home nurses, therapists, medical social workers, and other caregivers. The company has 347 locations in 22 states and seven countries outside the United States
The VCU healthcare system consists of the VCU Medical Center, Community Memorial Hospital, Richmond Children’s Hospital at VCU, and the MCV doctors. The system comes under the broader umbrella of Virginia Commonwealth University.
“Our mission is to provide the highest quality care to all Virginians. This mission extends beyond our hospital walls into the churches 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 statement. “We’re working with a national expert to set a new quality standard for home nursing and hospice care in Virginia.”
The new Virginia JV is the latest example of Bayada investing in its partnership strategy.
Earlier this year the company did founded a joint venture with Baptist Health Florida hospital system. In July 2020, Bayada announced plans to form a joint venture with Universal Health Services Inc.
Choice Health is expanding in Texas, Oklahoma
Choice Health at Home has acquired several home health and hospice 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 rehabilitation service provider, but then expanded into the home and hospice market in 2012 and 2018 respectively.
Choice Health initially announced entry into Oklahoma through the January acquisition of Angelic Hospice in Shawnee. This was followed by the purchase of Restore Home Health, a home health provider with offices in the central and northeastern parts of the Sooner state.
“Our goal is to provide our patients with excellent healthcare 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 segments of health care and the opportunity to serve the residents of Oklahoma.”
Lori Chlouber, CEO of Restore, remains with Choice Health as VP of State Strategic Operations.
In addition to its Oklahoma operations, Choice Health announced the acquisition of Home Therapy in Austin. The provider began planning the acquisition in late 2020 and then completed the transaction last month.
The Austin agency will be integrated into Choice’s current operations in central Texas, according to the company.
The management team expects further M&A measures for the remainder of 2021.
“While our primary growth driver continues to be organic development, these three companies represent what we are looking for in strong regional agencies that have benefited from owner-operator leadership,” said Clay Dickeson, VP of Finance and M&A analyst at Choice Health, in the release. “Choice is very interested in these types of organizations from an acquisition standpoint and will continue to be active.”
DispatchHealth works with Wexner Medical
Ohio State University’s Wexner Medical Center and DispatchHealth Partner on New Home Care Initiative.
Denver-based DispatchHealth began as an urgent home care company, but has since expanded to include a variety of services, including acute home care. His other important partners These include the MultiCare healthcare system, insurance giant Humana Inc. (NYSE: HUM), and more.
Ohio State University’s Wexner Medical Center is a multidisciplinary academic medical center based in Columbus, Ohio. The health system operates a total of seven hospitals.
Starting July 1, Wexner Medical patients and providers across the Columbus community will be able to request medical care from DispatchHealth for a range of common to complex injuries and illnesses including viral infections, COPD exacerbations, and congestive heart failure. As part of the partnership, certain high-risk patients will also have access to the “Bridge Care” program from DispatchHealth, which is built around home care around 24 to 72 hours after an acute hospital stay.
“Home health continues to be a critical component of our entire continuum of care,” said Dr. Hal Paz, CEO of Wexner Medical Center, in a statement. “This partnership will offer our patients highly acute care in the comfort of their own home while reducing avoidable hospital readmissions by connecting patients with a general practitioner or specialist.”
Paz is also executive vice president and chancellor of health affairs at Ohio State University.
Independently of the DispatchHealth news, Wexner Medical also announced a new home health joint venture with Alternate Solutions Health Network in late May.
Encompass Health Completes Frontier Purchase
Encompass Health Corp. (NYSE: EHC) has completed the previously announced acquisition of Frontier Home Health and Hospice.
The acquisition adds nine home health and 11 hospice locations to Encompass Health’s presence. The purchase enables 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 health and hospice businesses include 250 home health locations and 93 hospice locations.