What else is new with mergers and acquisitions?
Lake Success, NY-based Staff Builders has sold its Hackensack, NJ-home health agency to New York Health Care Inc. in Brooklyn for an undisclosed sum. The agency does about $300,000 in business throughout northern New Jersey.
Horizon Pharmacies Inc. in Denison, TX, which runs 13 home medical equipment (HME) locations along with five infusion operations and two home health agencies, has purchased Fulton Drug in Canton, OH, and its Internet pharmacy, Starkscripts, for $5.3 million.
Concentra Health Services and Tenet Health-System St. Louis have teamed up in a joint venture to provide the St. Louis area with expanded occupational health services. On May 31, Concentra, a provider of occupational medicine, acquired a 51% stake in six former HealthLine occupational health care clinics in St. Louis. This partnership makes the third such venture for the companies. The two have joined forces in southern Florida and New Orleans as well.
Dallas-based HealthCor Holdings has announced the sale of its Home Medical Equipment operations to Lincare Holdings for an undisclosed sum. Included in the transaction are the company’s divisions in Texas, Arizona, Oklahoma, New Mexico, Arkansas, Missouri, and Kansas. Until a buyer is found, HealthCor will continue to run its Denver-based HME operation.