Catholic Health Initiatives (CHI) and Bethesda, Inc. recently announced that the two entities have agreed to the sale of Bethesda, Inc’s subsidiary Consolidated Health Services, Inc to CHI. Consolidated Health Services currently operates in 30 locations in Indiana, Kentucky and Ohio and includes American Nursing Care, which provides home health services; Patient Transport Services, which handles patient transportation; AmeriMed, which offers home infusion therapy; and Cornerstone Medical, a joint venture which sells durable medical equipment.
“We already share similar cultures, missions and values. As part of Catholic Health Initiatives, we will have opportunity to learn from one another and to bring our quality home care services into new markets across the country,” said Dan Dietz, Consolidated Health Services president and CEO.
Consolidated Health Services also participates in a number of other joint ventures in the Ohio, Kentucky and Indiana region, including partnerships with Mercy Health Partners and St. Elizabeth Healthcare.
“Bethesda Inc. is focused on supporting, developing and delivering health care initiatives in the Greater Cincinnati region,” said James Pearce, chairman, Bethesda Inc. “Through this transaction with a valued partner, Bethesda Inc. can ensure high quality home care services continue to be available in the region, while allowing Consolidated Health Services to expand to new markets.”
The transaction is expected to be completed by Sept. 30, 2010. Terms of the transaction were not disclosed.