Tennessee Quality Care provides home health and hospice services in more than 50 counties in Tennessee
American Health Partners, a trusted provider of post-acute health care services for seniors, today announced the successful completion of the transaction to sell its Tennessee Quality Care home health, hospice, and private duty nursing division to Addus HomeCare Corporation (Nasdaq: ADUS), based in Frisco, Texas.
Tennessee Quality Care operates 17 locations serving an average of 1,800 patients daily throughout more than 50 counties in Tennessee. American Health Partners remains dedicated to fostering the continued success and well-being of Tennessee Quality Care's patients, employees, and partners during this transition.
"I want to extend my heartfelt appreciation to the team at Tennessee Quality Care for their unwavering dedication and contributions to the well-being of our patients over the years," said Michael D. Bailey, President and Chief Executive Officer of American Health Partners. "We are confident that the transition to Addus HomeCare Corporation will be seamless, and the patients and families who have entrusted their care to Tennessee Quality Care will continue to receive the highest level of service and attention."
The sale of Tennessee Quality Care to Addus marks an exciting opportunity for both organizations. Addus, as a provider of home care services with a strong presence in the personal care sector, is well-positioned to leverage Tennessee Quality Care's reputation for quality and expand its reach to deliver a comprehensive array of services, including home health and hospice care, to more patients and families in the region.
Commenting on the announcement, Dirk Allison, Chairman and Chief Executive Officer of Addus, stated, “We are excited to add the clinical services of Tennessee Quality Care to our operations as we expand our market coverage to all three levels of home care in Tennessee. Tennessee Quality Care has an excellent reputation and strong market presence, which will enhance our ability to reach more patients and families in this important market. We welcome the operations team and clinical staff of over 500 dedicated employees to Addus, and we look forward to an efficient integration of Tennessee Quality Care’s operations. Together, we can leverage our combined experience and expertise with a shared commitment to provide safe and cost-effective care in the preferred home setting.”
This move also begins an exciting new chapter for American Health Partners. The diversified healthcare company continues to grow its Medicare Advantage division, American Health Plans, which operates provider-owned Medicare Advantage plans in 11 states; AmPharm its long-term care pharmacy; Unity Psychiatric Care, its psychiatric hospitals; American Health Communities (AHC), its skilled nursing communities and its REHAB America rehabilitation centers offering physical, occupational and speech therapies.
"We’re excited about the future of our business and we remain laser-focused on providing access to high-quality health care for seniors," stated Bailey. “The timing was right for us to make this strategic move which enables us to pursue growth opportunities in our other business lines. We remain committed to enhancing the lives of our residents and patients and supporting our dedicated team of healthcare professionals as we continue to expand and excel in the post-acute care continuum."
About American Health Partners
American Health Partners Inc. provides a continuum of post-acute healthcare that prevents unnecessary hospital stays and improves quality of life for older adults. In Tennessee and Alabama, the company owns 29 senior living, skilled nursing and rehabilitation centers; five psychiatric hospitals; and a long-term care pharmacy. Its American Health Plans division operates Provider-Owner Medicare Advantage Plans (Institutional Special Needs Plans) and provides care management in 11 states via joint ventures with more than 35 provider organizations. American Health Partners is based in Franklin, Tenn. For more information, visit AmHealthPartners.com or call (615) 902-5200.