Key Highlights
- VITAS Healthcare to acquire hospice operations and an assisted living facility from Covenant Care for $85 million.
- Acquisition covers the Florida panhandle and Alabama, including major markets like Tallahassee, Marianna, and Mobile/Daphne.
- Deal aims to enhance patient-centered care in both states, with the transition expected to close in Q2 2024, pending approvals.
Source: Business Wire
Notable Quotes
- “Being a similar long-standing, mission-focused provider, VITAS is looking forward to building upon their legacy by following our key values of putting patients, families, and our team members first.” – Nick Westfall, Chairman and CEO at VITAS Healthcare
- “It became clear that the organization was well positioned to join forces with a nationally renowned strategic partner.” – Jeff Mislevy, President and CEO at Covenant Care
- “The Board of Directors is excited for today’s announcement as it allows us to continue our mission of providing support for patient care and family grief.” – Dr. Rodney Guttmann, Chairman at the Covenant Care Board of Directors
SoHC's Take
This acquisition represents a significant step forward for both VITAS Healthcare and Covenant Care, aiming to broaden the scope and quality of hospice and palliative care services in the Florida and Alabama regions. By combining resources, expertise, and a shared mission of patient-centered care, this strategic move is poised to make a meaningful difference in the lives of many families and communities. The alignment of values and culture between the two organizations underscores the potential for a seamless integration that benefits patients, families, and healthcare providers alike. With the healthcare landscape continually evolving, partnerships like these are crucial for expanding access to quality care and supporting the health needs of diverse populations.
