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Beaumont Health sells 90% of home health, hospice business

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Southfield, Mich.-based Beaumont Health transferred operations of its home health and hospice business to a for-profit provider through a new joint venture, the health system told Becker's Hospital Review.

Under the joint venture, Beaumont sold 90 percent of its home health and hospice business to Kettering, Ohio-based Alternate Solutions Health Network. The new joint venture organization, Beaumont Home Health and Hospice, began operating Jan. 1.

Financial terms of the deal were not disclosed.

Beaumont, a nonprofit, eight-hospital system, said a growing need for home health and hospice services in Southeast Michigan prompted the deal.

"Partnering with a specialized provider that has home health and hospice expertise will improve our ability to serve current and future patients," Paul LaCasse, DO, Beaumont Health executive vice president of post‐acute care and diversified business operations, said in a prepared statement emailed to Becker's Hospital Review. "Patients are our top priority and we are always evaluating ways to serve them better. This partnership will allow us to deliver compassionate care at a reduced cost."

More articles on healthcare industry transactions:
CHS divests 2 South Carolina hospitals
Bankrupt hospital chain receives $63M bid
Dignity Health, CHI push back merger date

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