VITAS Healthcare, a subsidiary of Chemed Corp. (NYSE: CHE), is reaping the benefits of this recent $85 million purchase of Covenant Health and Community Services hospice business, along with one assisted living facility location. The deal is structured as an asset purchase, which allows the buyer to assume liability for assets included in the transaction. It also brought VITAS into the Alabama market and expands its geographic footprint in Florida and marked the company’s entry into the assisted living space. This is VITAS’ first deal in several years, but more are likely on the way, according to Chairman and CEO Nick Westfall.
Read the full article: Hiring, Covenant Care Transaction Propelling Growth at VITAS //
Source: https://hospicenews.com/2024/07/25/hiring-covenant-care-transaction-propelling-growth-at-vitas