March 20, 2019

Hartford HealthCare to add Norwich hospice provider to homecare business

Photo | Facebook via Center for Hospice Care
Photo | Facebook via Center for Hospice Care
Center for Hospice Care in Norwich at 227 Dunham St.

Hartford HealthCare (HHC) said it's reached an affiliation agreement to add a Norwich hospice provider to its homecare business.

Center for Hospice Care (CHC), formerly called Hospice Care of Southeastern Connecticut, will become part of Hartford HealthCare at Home on April 1.

HHC said 68 employees from the Norwich provider will join its homecare unit's 1,084 existing employees, who provide personal care, homemaker, hospice and other services to patients in more than 100 communities.

Center for Hospice Care said it's been exploring potential strategic partnerships for years, seeking to "remain financially viable."

"In this ever-changing healthcare landscape, healthcare organizations are more likely to thrive when they create formal partnerships to work together," CHC CEO Carol Mahier said in a statement. "We owe it to our patients and families to better position ourselves for continued success in the future."

Exact terms of the deal were not disclosed. Spokesman Shawn Mawhiney said Wednesday that there is no purchase price, but that HHC at Home and HHC would assume any of CHC's financial obligations.

He said the deal does not require any regulatory approvals.

HHC at Home reported $98.9 million in net patient service revenue for the fiscal year ended Sept. 30, 2018, and a $4.9 million operating loss.

CHC latest annual report, for fiscal year 2017, reports $5.6 million in net patient service revenue and a $389,000 operating surplus.

Comments
Free E-Newsletters

Sign up now for our daily and weekly
e-newsletters! Click Here

 
Today's Poll Would renaming Bradley Airport make the airfield more marketable?<>
ADVERTISEMENTS
Most Popular on Facebook
Copyright 2017 New England Business Media