IHS vies for Columbia’s home care business
Integrated Health Services in Owings Mills, MD, is negotiating to buy the home care operations of Columbia/HCA Healthcare Corp., said IHS Chairman and CEO Robert Elkins, MD, at a recent analysts’ conference in New York. Elkins told the conference attendees that IHS’ and Columbia’s home care operations would be spun off into a separate company managed by IHS, should the deal go through.Background information
IHS and Columbia are two of the nation’s largest providers of home care. IHS operates 525 agencies in 34 states, which accounted for $600 million in revenues last year. Columbia Homecare Group operates about 500 agencies in 32 states. As a division, it produced between 1% and 2% of Columbia’s nearly $20 billion in annual revenues last year.Article Limit Reached
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