Hospice News September 16, 2021
Care Hospice has purchased the assets of Tennessee-based nonprofit Hospice of Chattanooga and its parent organization, Alleo Health System. As a result of the transaction, Chattanooga and Alleo will transition to for-profit status. Financial terms were undisclosed.
Alleo and its affiliates care for patients in Tennessee, Georgiaaa, North Carolina and Alabama. The organization was established in 2019 when Hospice of Chattanooga reorganized as a larger multi-state provider, retaining its original brand as an Alleo subsidiary. The Care Hospice transaction did not include Hospice of Chattanooga’s philanthropic foundation.
“For more than 40 years, Hospice of Chattanooga and their care partners in the four-state Alleo Health network have provided family-focused care meeting the medical, emotional and spiritual needs of patients and their...