Through the deal, Fairview will sell the majority of its home health and hospice services to AccentCare. AccentCare will be a majority owner in the new post-acute company, which will be the preferred post-acute provider for Fairview.
Under the arrangement, Fairview will retain a 20 percent stake in the post-acute business. Fairview said the sale of its post-acute services will allow the health system to refocus some of its resources and investments.
AccentCare has similar post-acute setups with UCLA Health in Los Angeles and Baylor Scott & White Health in Dallas. AccentCare’s agreement with Fairview is slated to close Nov. 2.
More articles on post-acute care:
State didn’t investigate Illinois nursing home complaints for 3+ months
3 Maryland nursing homes owe six-figure fines after failing to isolate COVID-19 patients
10+ states sending ‘strike teams’ to nursing homes
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
