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.
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