Consolidated Health Services Joins CHI
CHI has acquired Consolidated Health Services, headquartered near Cincinnati, OH, from Bethesda Inc. Consolidated Health Services is a home care service provider that operates in 30 locations in Indiana, Kentucky and Ohio. The acquisition, completed Sept. 30, will help CHI achieve its goal of generating 65 percent of net patient services revenue from other than hospital inpatient care by 2020.
CHI's long-term vision is for home care services to be a significant national business line. The acquisition of Consolidated Health Services will give CHI a platform for that business line, with local employees delivering services through local facilities. Developing home care programs that serve patients appropriately, efficiently and innovatively is a priority. "Together, we are well positioned for the future as more and more health services in the U.S. are being delivered outside hospitals," said Kevin Lofton, president and chief executive officer of CHI.
Consolidated Health Services includes American Nursing Care, which provides home health services; Patient Transport Services, which handles patient transportation; AmeriMed, which offers home infusion therapy; and Cornerstone Medical, a joint venture that sells durable medical equipment. It also participates in other joint ventures in the Ohio, Kentucky and Indiana region, including partnerships with Mercy Health Partners and St. Elizabeth Healthcare.
CHI and Bethesda Inc. have collaborated for 15 years as joint sponsors of TriHealth, which operates Good Samaritan Hospital and Bethesda North Hospital in Cincinnati. Good Samaritan is an affiliate of CHI, while Bethesda Inc. is the parent corporation of Bethesda North.
Consolidated Health Services will operate as a separate business unit within CHI. No significant changes to staffing, management or wages are expected. For more information, contact Paul Edgett.