Residential Home Health agrees to purchase Edward Hospital’s Home Care unit. Read the details.
(Naperville, IL - July 9, 2009) - Residential Home Health, a nationally recognized leader in its field, has entered into an agreement with Edward Hospital to purchase Edward Home Care, a department that has provided home care services to the community for the last 14 years. In addition, Edward has agreed to purchase a minority stake in the Illinois operations of Residential Home Health.
Staff and leadership of Edward Home Care will transition to employment with Residential Home Health, which will maintain an office at Edward Hospital to assist in the coordination of care of current and future home care patients. The deal is planned to close no later than July 31.
"One of the most attractive aspects of this arrangement is the opportunity to partner with a highly respected and renowned institution in Edward Hospital," said Mike Lewis, CEO of Residential Home Health. "Residential Home Health is looking forward to working with the Edward Hospital team to help chronically ill individuals in Chicago's western suburbs improve the quality of their lives and increase independence. Our industry-leading technology, protocols, outcomes and overall model of excellence in the delivery of home health services will be a trusted resource for the people of Naperville and the surrounding community."
"Our patients should expect the same outstanding level of care and access they've always received," said Pam Eulberg, administrative director, Edward Hospital rehabilitation services and home care. "Because home care is such a complex and highly regulated business, the specialization and focus that Residential Home Health is able to provide will certainly be a benefit to our patients and their families."
Residential Home Health is a Madison Heights, Mich.-based provider of skilled intermittent care in 34 Michigan counties. The company is ranked among the top home healthcare firms nationally in helping Medicare and other seniors who qualify for home health services improve their quality of life and independence at home. Residential Home Health was named to both the 2007 and 2008 HomeCare Elite, a compilation of the leading Medicare-certified home healthcare providers in the U.S. based on patient outcomes. To learn more about Residential Home Health and its range of home care services for individuals qualifying for home healthcare services, visit www.residentialhomehealth.com or call (866) 902-4000.
Edward Hospital & Health Services is a full-service, regional healthcare provider offering access to complex medical specialties and innovative programming. Edward Hospital has 317 private patient rooms and 4,300 employees, including 1,450 nurses and a medical staff of 920 physicians comprised of independent members of the medical staff, employed physicians and independent contractors. The physicians represent more than 60 medical and surgical specialties and subspecialties. To learn more about Edward Hospital, visit www.edward.org.
Naperville, Illinois (IL) - Edward Hospital and Health Services