Here are six things to know about the collaboration.
1. Holland Home and Clark Retirement Community, both based in Grand Rapids, along with Holland, Mich.-based Resthaven, will form Atrio Home Care.
2. “Atrio” stands for “a trio of partners” and stems from previous relationships between Holland Home, Resthaven and Clark Retirement, according to the report.
3. Atrio will initially serve about 3,000 clients throughout a six-county area in west Michigan recovering from an illness or procedure or who require living assistance, the report states.
4. The home care company will maintain three business units and will employ 225 healthcare personnel including nurses, clinicians, aides and therapists.
5. The partners will share EMR software.
6. Atrio may expand the number of partners involved in the operation and increase its six-county service area to accommodate more individuals in the future, according to the report.
More articles on transactions and valuations:
Advanced ICU Care to partner with Premier Health hospital: 4 things to know
Wisconsin bill aims to disband UW partnership with Planned Parenthood: 5 things to know
18 recent hospital transactions and partnerships