CareSouth Sells Part of Business, Plans to Expand Retained Divisions Under New Name
Wednesday, September 2nd, 2015
CareSouth Home Health Services has sold part of its business but expects to expand the parts that it kept.
The company sold its CareSouth Home Health, CareSouth Hospice, CareSouth Private Duty and CS Health & Wellness divisions to Encompass, a division of HealthSouth Corporation, which includes 45 locations. But it has retained its Senior Living Services, Management Services and off shore Captive Insurance divisions. The sale is pending final approval.
On Oct. 1, CareSouth will begin operating the divisions it retained under the name Careity, with the corporate headquarters remaining in Augusta.
Diana Porter, vice president of client experience and brand for CareSouth, said there are no immediate changes in personnel, although eventually some may migrate to Encompass. The leadership of CareSouth’s retained divisions will remain in place.
The change will allow Careity to begin expanding its services in senior living centers. It currently has a Health at Home partnership with LCS in 30 senior living centers in 17 states. Porter said there is room for expansion within LCS with Health at Home, and the change opens up avenues to grow into other senior living centers as well.
“We intend to grow,” she said. “We’re banking on our 40 years of experience to grow those pretty quickly.”
By acquiring CareSouth, Encompass improves its market share in Florida and Virginia. It will become the third largest provider in Virginia and ninth largest in Florida.
These new home health locations will overlap with 14 of HealthSouth’s existing inpatient rehabilitation hospitals. The addition of these assets will allow HealthSouth to better serve the post-acute needs of patients in those markets by offering both facility-based and home-based post-acute services.
This article was originally published on buzzon.biz.