AMN collects Synzi
The powerful staffing of AMN Healthcare Services Inc. (NYSE: AMN) has completed the total acquisition of $ 42.5 million from full-service virtual care management company Synzi.
The Dallas-based AMN offers staffing and staffing solutions to the entire healthcare continuum, from acute care hospitals and urgent care centers to home health agencies. It also offers its services to schools.
Meanwhile, Synzi, based in Clearwater, Florida, offers a wide range of telehealth and virtual assistance services. Its various home health clients include Trilogy Home Healthcare, Excelin Home Health and AccentCare, the latter of which has used Synzi as part of an innovative wound care pilot.
The acquisition of Synzi’s AMN and other digital initiatives will first help the company overcome the current “severe talent shortages” within healthcare, CEO Susan R. Salka said in a press release.
“To ensure AMN is well prepared to continue to evolve and fulfill our promise of total talent solutions, we are increasing investments in our equipment and technologies, particularly our digital capabilities,” Salka said. “At the same time, we are investing more in creating talent solutions for all areas of the healthcare continuum. Last month, we were delighted to close the acquisition of Synzi, adding virtual care solutions with technology for the outpatient and home health markets, where more assistance will be offered in the future.
Virtual care played a critical role during the worst parts of the COVD-19 pandemic. AMN’s Synzi transaction reflects the increasingly important role it will continue to play in the future.
Pennant stays active
The Pennant Group Inc. (Nasdaq: PNTG), the parent company of the Pennant group of home health, hospice, home care and nursing home affiliates, has acquired the assets of Cardiovascular Home Care, which provides home health services in Fort Worth, Texas.
The financial terms of the acquisition, effective May 1, were not disclosed. As a result of the agreement, the acquired provider will now operate under the name “Custom Home Health Care”.
“Having a strong hospice agency and diverse seniors communities in Dallas, we have carefully looked for the right opportunity to add home health services to the DFW area,” said Danny Walker, CEO of Pennant. “This acquisition provides a solid platform for our local leaders to better meet the needs of the community.”
The Pennant Group is a holding company of independently operated subsidiaries that provide health care services through 85 home health and hospice agencies, in addition to 54 senior communities in 14 states.
Cardiovascular home care admitted approximately 1,500 patients by 2020.
“Throughout our portfolio of home health and hospices, there are dozens of opportunities like this to expand our services and be a solution for patients throughout the care continuum,” Walker added.
The acquisition comes after a record first quarter for Pennant.
Pennant’s total revenue during the first quarter of 2021 was $ 105.7 million, 15% more than the 91.8 million in the first quarter of 2020. Home and hospice health segment revenue was $ 74 million. , $ 6 million, an increase of 31% compared to 56.8 million in the same period last year.
The newly merged health system formalizes the name
Empath Health and Stratum Health System post-acute health care providers, which merged late last year, will move forward under the “Empath Health” brand. The merger made the combined company the largest nonprofit post-acute health care system in the United States.
The merged company provides home health services, hospice and home care, as well as primary care, palliative care and more. Empath Health also runs an all-inclusive care program for the elderly (PACE).
“The naming project was very enlightening and very rewarding,” Rafael Sciullo, general manager of the new organization, said in a press release. “Although the people interviewed were separated by organizations and sometimes by service lines, feelings and strengths were mutually reflected. The similarities between the Empath and Stratum organizations were almost strange. Many shared what they identify as ties: those who can deeply feel the feelings and experiences of others. “
The combined company will include approximately 2,000 employees and up to 4,000 volunteers, with an estimated gross revenue of $ 300 million annually.
Empath has an average daily census of approximately 6,000 and treats about 50,000 patients a year.