GRMC completes sale of home health and hospice
The Graham Medical Center Board of Directors approved the sale of their home health and hospice department to Hospice Group of Texas No. 1, LLC, Thursday, Jan. 9.
The board agreed to an offer Monday, Nov. 11, for the purchase of its home health and hospice department, which it placed for sale Thursday, Sept. 5. In the November meeting, the board also voted to enter into the final negotiations regarding the department.
The board approved the sale of both departments during the meeting Thursday at a cost of $250,000 for the hospice department and $100,000 for the home health department.
In a September 2019 press release, GRMC CEO Shane Kernell provided an explanation about the future of the department.
“Healthcare trends show a consolidation of home and health and hospice care services into larger organizations that focus solely on this type of care” the release reads. “This healthcare industry consolidation is an effort to gain operating efficiencies and maintain quality, while payments for these services are tightening. Graham has a number of home health and hospice programs serving the (Graham) community.”
For the full story, see the Saturday, Jan. 11 edition of The Graham Leader.