Graham Healthcare Group Acquires InTeliCare Health Services, Expanding Personalized Home Health Care Offering into Florida

Rhea-AI Summary

Graham Healthcare Group has acquired InTeliCare Health Services, marking its initial expansion into Florida. Finalized on December 15, 2021, this move aims to enhance personalized home health care access across the state. The integration will be part of Graham's Residential Home Health division, known for strong care networks in Michigan, Illinois, and Pennsylvania. CEO David Curtis highlighted the growing elderly population in Florida as an opportunity for growth. The acquisition is expected to retain InTeliCare's workforce and support operational efficiencies.

Positive

• Expansion into Florida enhances market presence.
• Integration expected to improve access to personalized home health care services.
• Retaining InTeliCare's workforce supports continuity of care.
• Strengthens Graham's home health service continuum in a growing demographic.

Negative

• None.

TROY, Mich., Dec. 20, 2021 /PRNewswire/ -- Graham Healthcare Group, a leader in homecare, palliative and hospice services, today announced its acquisition of InTeliCare Health Services, a provider of home health services in central Florida. The agreement was finalized on December 15^th, 2021, and marks Graham's first expansion into Florida.

Graham will integrate InTeliCare into its Residential Home Health division to accelerate access to personalized home health care throughout Florida. Residential is a leading post-acute home care network serving communities in Michigan, Illinois and Pennsylvania.

Integrating InTeliCare into Residential Home Health will bring together industry-leading, patient-centered home health services to strengthen the continuum of care for patients across central Florida. 

"More than one-fifth of Florida's population is over 65, and that number continues to grow," said David Curtis, Chief Executive Officer of Home Health at Graham Healthcare Group. "With the baby boomer generation doubling in size and an increase in comorbidities, this is an ideal time for Graham Healthcare Group to begin serving people in the state of Florida in their own homes with high-quality post-acute and end-of-life care." 

"With the addition of InTeliCare, we're poised for growth as we continue our mission to transform home care and improve patient experiences," Curtis said. "This agreement expands the ability of Graham Healthcare Group to deliver consistent, high-quality care across the spectrum of home health and further strengthens our foundation for success."

Irene Tuttle, InTeliCare Founder and Chief Executive Officer, will serve in an advisory role following the deal's close. Toni Walker, InTeliCare's longstanding Vice President of Operations, will maintain leadership over day-to-day operations. 

"We strongly align with Residential's values of care and community," Tuttle said. "This is an extraordinary opportunity to join forces with an organization that shares our employee- and patient-driven approach to care."

"We are confident that the powerful synergies and added strength this partnership creates will continue to elevate the value and experience of post-acute care and advance the continuum of home health care in central Florida," Tuttle added.

Residential Home Health intends to retain InTelicare's workforce and will support them with enhanced operational efficiencies and advanced clinical and technology innovations. 

Both Residential Home Health and InTeliCare are known for strong, employee-friendly cultures. Residential has been recognized as a top workplace for 11 consecutive years in the Detroit market and was recognized in the Chicago and St. Louis markets in 2021.

About Graham Healthcare Group (grahamhealthcaregroup.com): A subsidiary of Graham Holdings Company (NYSE: GHC), Graham Healthcare Group has designed business and technology solutions to drive better care, outcomes and productivity in home health and hospice services for more than 20 years.

Graham Healthcare Group includes Residential Healthcare Group, Allegheny Health Network-Healthcare @ Home, Mary Free Bed at Home, Clarus, and CSI Pharmacy.

Graham Healthcare Group is deeply committed to radically changing the home care model by putting patients and their families at the top of the paradigm, while enhancing the quality and consistency of healthcare in the most convenient and cost-effective setting possible: at home.  

About Residential Home Health (residentialhealthcaregroup.com): Based in Troy, Michigan, Residential Home Health is a leading provider of home health, palliative and hospice services in Michigan, Illinois and Pennsylvania. Residential is one of the fastest growing home health networks with 2,500 dedicated care professionals. 

About InTeliCare Health Services (intelicarehs.com): Based in Boca Raton, InTeliCare is a leading provider of home health services in central Florida. The company has 80 employees serving nearly 300 patients from three offices.

View original content:https://www.prnewswire.com/news-releases/graham-healthcare-group-acquires-intelicare-health-services-expanding-personalized-home-health-care-offering-into-florida-301447703.html

SOURCE Graham Healthcare Group

FAQ

What is the significance of Graham Healthcare's acquisition of InTeliCare Health Services?

The acquisition enables Graham Healthcare to expand its home health care services into Florida, enhancing personalized care access in a state with a growing elderly population.

When was the acquisition of InTeliCare by Graham Healthcare finalized?

The acquisition was finalized on December 15, 2021.

How will the acquisition affect patients in Florida?

The integration aims to provide improved home health care services and enhance the continuum of care for patients in central Florida.

What does this acquisition mean for Graham Healthcare's growth strategy?

This acquisition signifies Graham Healthcare's strategy to leverage the growing demand for home health services driven by an increasing elderly population.