Beverly subsidiaries sold
Beverly Home Care, a subsidiary of Beverly Enterprises in Fort Smith, AR, has sold its middle Tennessee operations to HomeCare Solutions in Chattanooga, TN, barely a year after acquiring the company.
Under the terms of the sale, the five locations will be merged with Southern Home Health and Hospice, HomeCare’s office in Madison, TN. The newly created agency will be based at Beverly’s Airpark Business Center and operate under the new parent company’s name. Charlotte, NC-based Capitol Health Management Group has been brought in to oversee the merger, which resulted in the loss of about 150 jobs.
Beverly Enterprises has sold its subsidiary AdviNet to Phoenix-based Managed Care Solutions, an operator of long-term health plans. AdviNet provides personalized eldercare consultations and assistance with referrals and case-management using a 100,000-name database of long-term and post-acute care providers.