Residential Hospice Acquires Comfort Hospice of St. Louis Missouri and Grace Hospice of Maumee Ohio

Rhea-AI Summary

Residential Hospice, a division of Graham Healthcare Group, has acquired Comfort Hospice in St. Louis, Missouri, and Grace Hospice in Maumee, Ohio from U.S. Medical Management. This strategic acquisition marks Residential Hospice's entry into the Missouri and Ohio markets, expanding its footprint in the Midwest. The company plans to retain current employees to ensure continuity of care and will enhance patient and staff support with improved benefits and operational efficiencies. This move aims to make hospice care more accessible and align with Residential Hospice's commitment to quality patient care.

Positive

• Entry into Missouri and Ohio markets enhances market reach.
• Commitment to retaining staff ensures continuity and quality of care.
• Plans for enhanced benefits and operational efficiencies may boost employee morale.

Negative

• None.

Acquisition of hospice locations mark entry of Residential Hospice into Missouri and Ohio.

TROY, Mich., Aug. 29, 2022 /PRNewswire/ -- Residential Hospice, a division of Graham Healthcare Group, announced today that it has acquired Comfort Hospice of St. Louis, Missouri, and Grace Hospice of Maumee, Ohio from U.S. Medical Management. This expands the footprint of Residential Hospice into Missouri and Ohio; U.S. Medical Management will retain their hospice locations outside of St. Louis and Maumee.

Acquisition of hospice locations mark entry of Michigan based  Residential Hospice into Missouri and Ohio markets.

Residential Hospice is a recognized leader in the hospice market committed to meeting the unique physical, emotional and spiritual needs of their patients and families. Residential services are available in a variety of settings including the patient's home, the home of a loved one, hospital, long-term care, or assisted-living facilities.

"With the addition of Comfort Hospice of St. Louis Missouri and Grace Hospice of Maumee Ohio, we are poised for expansion throughout the Midwest as we continue our mission of making hospice care more accessible to our communities," said Justin DeWitte, CEO of Residential Hospice. "We share a commitment of putting patients and families first, by providing exceptional care focused on optimizing the quality of life, comfort, and dignity of our patients."

Residential Hospice plans to retain the teams at Comfort Hospice and Grace Hospice employees and is committed to a smooth transition and ensuring patients continue to receive the highest level of care from clinicians they have come to know. Residential will provide additional patient and staff support through enhanced benefits, increased operational efficiencies, and technology improvements.

About Residential Hospice
Residential Hospice and its sister company, Residential Home Health, have been leaders in home health, palliative, and hospice care for more than 20 years. Together, they provide integrated care and specialized patient services across the healthcare continuum. All Residential patients receive compassionate, professional support, no matter their goals, from increasing their safety and independence to maintaining their dignity and quality of life. For more information, visit Residential Hospice.

About Graham Healthcare Group
Graham Healthcare Group (GHG) is a subsidiary of Graham Holdings Company (NYSE: GHC). GHG companies include Residential Home Health, Residential Hospice, Allegheny Health Network (AHN) Healthcare@Home, and Mary Free Bed at Home. GHG and its companies employ more than 2,800 dedicated professionals serving 13,000 patients in communities across Florida, Illinois, Kansas, Michigan, Missouri, Ohio and Pennsylvania. For more information, visit Graham Healthcare Group.

About U.S. Medical Management
U.S. Medical Management (USMM), along with its affiliated entities (Visiting Physicians Association, Pinnacle Senior Care, Comfort Hospice and Grace Hospice, among others) is a leading management services organization and provider of home-based primary care services for complex/fragile patients. USMM operates Visiting Physician Association practices in 11 states, providing continuity-based primary care under an integrated, physician-driven model which includes ancillary services such as home health, hospice, radiology, diagnostics, DME and laboratory. For more information, visit U.S. Medical Management.

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SOURCE Graham Healthcare Group

FAQ

What is the significance of Residential Hospice's acquisition of Comfort Hospice and Grace Hospice?

The acquisition allows Residential Hospice to expand into Missouri and Ohio, enhancing its service area and increasing accessibility to hospice care.

When was the acquisition of Comfort Hospice and Grace Hospice announced?

The acquisition was announced on August 29, 2022.

Who was involved in the acquisition of Comfort Hospice and Grace Hospice?

Residential Hospice, a division of Graham Healthcare Group, acquired the hospices from U.S. Medical Management.

What are the expected benefits of the acquisition for Residential Hospice?

Residential Hospice expects to enhance its operational efficiencies and provide better patient and staff support following its entry into new markets.

How will the acquisition impact the existing teams at Comfort Hospice and Grace Hospice?

Residential Hospice plans to retain the existing employees at both hospices to ensure a smooth transition and maintain the quality of care.