THE PROVIDER newswire – Brief Article
Alliances
Banner Health Inks Purchasing Agreement With Premier: Banner Health Systems of Phoenix, Ariz., has joined Premier Inc.’s San Diego purchasing group. The move gives Banner access to a wide variety of hospital products and services, officials said.
Apria Contracts With Vision Solutions for Beta-Testing Project: Apria Healthcare, Costa Mesa, Calif., will do beta-testing on Irvine, Calif.-based Vision Solutions’ Vision Suite information availability management software. In addition, Vision Solutions will develop software enhancements for the Apria’s IBM iSeries 400 servers.
Financials
NHHC Gains in Third Quarter: National Home Health Care, Scarsdale, N.Y., posted net income of $1.06 million, or 20 cents per share, for the third quarter ending April 30, compared to net income of $777,000, or 15 cents per share for the same quarter a year ago.
Mergers & Acquisitions
Continental Acquires Medical Mart, Debt: Continental Home Healthcare, Glendale, Calif., is acquiring the substantial assets of Las Vegas-based home medical business Medical Mart.
With the acquisition, Continental assumes all of Medical Mart’s debts and liabilities and will make no cash payments for a purchase price of $180,000 in debt.
Tom Gray, principal and founder of Medical Mart, will remain with the company.
Option Care Makes Seventh Acquisition: Option Care, Bannockburn, Ill., is continuing on the acquisition trail, acquiring certain assets of IVTx, the infusion services subsidiary of St. Louis, Mo.-based Express Scripts. Terms of the agreement were not disclosed. The acquisition is Option Care’s seventh this year.
Option Care now has an infusion presence in Baltimore, Dallas, Newark, Houston, Philadelphia and St. Louis.
NHHC to Acquire Certain Assets of Star Multi Care: Star Multi Care Services, Huntington Station, N.Y., and Scarsdale, N.Y.-based National Home Health Care have reached an agreement in which Star will sell certain assets of its subsidiary in New Jersey and stock of Star subsidiaries in Pennsylvania and Ohio to NHHC.
NHHC will pay “an as yet undisclosed amount in cash and the assumption of certain liabilities of Star in New Jersey,” according to Star. The deal is expected to close by the end of the year, Star officials said.
“This acquisition would complement our existing operations in New Jersey and significantly increase our presence in the state,” said Steven Fialkow, president and chief executive officer of NHHC. In addition, he said, NHHC expects to expand into Pennsylvania and Ohio.
Noteworthy
Infu-Tech Web Site Debuts: Infu-Tech, Carlstadt, N.J., has launched the first phase of Smartmedsmobile.com, a Web site designed to provide customized disease management through wireless applications. The site will ultimately include health news, targeted medical information and e-commerce capabilities.
Milestones
Cambridge Home Health Honored: Nancy Diller-Shively, owner, president and chief executive officer of Akron, Ohio-based Cambridge Home Health Care, was awarded the Ernst & Young’s Entrepreneur of the Year award for Northeast Ohio in the services category. Cambridge Home Health Care was also selected as the recipient for the Family Business Hall of Fame Award from the Weatherhead School of Management.
New England Medical Homecare Celebrates Anniversary: New England Medical Homecare, Auburn, Mass., is celebrating its 15th year supplying patients with home medical equipment. The company, which turned 15 on June 1, has set up more than 45,000 patients on medical equipment.
Vital Care Marks 15th Year: Vital Care Home Infusion Services of Meridian, Miss., recently celebrated its 15th year in business. The company serves urban and rural locations across the South.
People & Places
Gentiva Appoints New Assistant VP: Melville, N.Y.-based Gentiva Health Services has hired Mara Benner as assistant vice president, government affairs. Benner comes from Alexandria, Va.-based American Association of Homecare, where she served as vice president, government affairs.
Altimate Medical Promotes New General Manager: Morton, Minn.-based Altimate Medical has promoted Stacey Frank to general manager. She previously served as the quality service manager and the customer service manager. In her new position, Frank will oversee all departments of the company.
For breaking news, go to www.homecaremonday.com, the electronic news service of the home medical equipment industry.
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