North Shore-LIJ To Buy St. Vincent's Home Health for $17 Million
When the deal is finalized, CHHA will be part of the North Shore-LIJ Health System’s Home Care Network, which conducts more than 800,000 home health visits annually for short-term health issues such as recovery from surgery, to longer-term chronic care management of conditions such as congestive heart failure, stroke, diabetes and other illnesses.
“When you look at providing service to a community—you look at how to best meet a need with quality care,” says Mark Solazzo, executive vice president/COO for North Shore-LIJ Health System. “We know that providing quality home healthcare is essential in our area. We believe this purchase makes sense for us and for the community from both a quality and access to care perspective.”
The 15-hospital North Shore-LIJ Health System is the nation's second-largest, non-profit, secular healthcare system, with a service area that extends into Long Island, Queens, Manhattan, and Staten Island, encompassing more than 7 million people.
John Commins is a senior editor with HealthLeaders Media.
- How Top-Ranked MA Plans Earn Their Stars
- Readmissions: No Quick Fix to Costly Hospital Challenge
- How Hospitals Can Become 'Upstreamists'
- 4 Ways to Lower the Cost to Collect from Self-Pay Patients
- House Calls Key to Pioneer ACO Success
- How Telehealth Pays Off for Providers, Patients
- 4 Tips for Managing Employed Physicians
- WellPoint Dominates Nearly Half of Markets, AMA Says
- Defensive Medicine Still Prevalent Despite Tort Reform
- CMS Offers Some ACOs $114M for 'Upfront' Costs