Fierce Health Payer July 6, 2021
HCA Healthcare has finalized its $400 million bid to purchase a majority stake in Brookdale Senior Living’s home health and hospice business as the hospital chain aims to branch out into the home health market.
The new venture adds 80 sites of care for the hospital chain. The nursing home giant Brookdale will retain a 20% equity stake in the healthcare services segment.
“Our objective is to be the healthcare system of choice, and the addition of these services to our network of care improves our ability to meet the care needs of our patients,” said Sam Hazen, CEO of HCA.
The deal announced back in February is part of a larger spending spree held by HCA this year. The...