AMN Healthcare Buys Synzi for $42.5M; Pennant Acquires Texas Home Health Provider

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AMN scoops up Synzi

Staffing powerhouse AMN Healthcare Companies Inc. (NYSE: AMN) has accomplished its $42.5 million all-cash acquisition of full-service digital care administration firm Synzi.

The Dallas-based AMN gives workforce and staffing options throughout the well being care continuum, from acute care hospitals and pressing care facilities to residence well being companies. It additionally delivers its providers to colleges.

In the meantime, the Clearwater, Florida-based Synzi gives a variety of telehealth and digital care providers. Its a number of residence well being purchasers embrace Trilogy Dwelling Healthcare, Excelin Dwelling Well being and AccentCare, the latter of which has used Synzi as a part of an modern wound care pilot.

AMN’s acquisition of Synzi and different digital-first initiatives will assist the corporate overcome as we speak’s “extreme shortages of expertise” inside well being care, CEO Susan R. Salka mentioned in a press launch.

“To make sure AMN is well-prepared to proceed evolving and delivering on our promise of complete expertise options, we’re growing investments in our staff and applied sciences, particularly our digital capabilities,” Salka mentioned. “On the similar time, we’re making larger investments in constructing expertise options for all reaches of the care continuum. Final month, we had been thrilled to shut the acquisition of Synzi, including technology-enabled digital care options for the outpatient and residential well being markets, the place extra healthcare can be delivered sooner or later.”

Digital care performed a crucial function through the worst elements of the COVD-19 pandemic. AMN’s Synzi transaction displays the more and more necessary function it would proceed to fill shifting ahead.

Pennant stays lively

The Pennant Group Inc. (Nasdaq: PNTG), the father or mother firm of the Pennant group of affiliated residence well being, hospice, residence care and senior residing corporations, has acquired the property of Cardiovascular Dwelling Care, which offers residence well being providers in Fort Value, Texas.

Monetary phrases of the acquisition, efficient Could 1, weren’t disclosed. On account of the deal, the acquired supplier will now function below the identify “Customized Care Dwelling Well being.”

“Having a robust hospice company and various senior residing communities in Dallas, now we have rigorously regarded for the appropriate alternative so as to add residence well being providers within the DFW space,” Pennant CEO Danny Walker mentioned in a press release. “This acquisition offers a robust platform for our native leaders to higher tackle the wants of the group.”

The Pennant Group is a holding firm of impartial working subsidiaries that present well being care providers by 85 residence well being and hospice companies plus 54 senior residing communities in 14 states.

Cardiovascular Dwelling Care admitted roughly 1,500 sufferers in 2020.

“All through our residence well being and hospice portfolio, there are dozens of alternatives like this to broaden our providers and be an answer for sufferers all through the care continuum,” Walker added.

The acquisition comes after a file first quarter for Pennant.

Pennant’s complete income for Q1 2021 was $105.7 million, a 15% enhance in comparison with $91.8 million in Q1 2020. Dwelling well being and hospice phase income was $74.6 million, a greater than 31% enhance in comparison with $56.8 million throughout the identical interval a yr in the past.

Just lately merged well being system formalizes identify

Publish-acute well being care suppliers Empath Well being and Stratum Well being System, which merged late final yr, can be shifting ahead below the “Empath Well being” model. The merger made the mixed firm the biggest nonprofit post-acute well being system in the USA.

The merged enterprise offers residence well being, hospice and residential care providers, along with major care, palliative care and extra. Empath Well being additionally runs a Program of All-Inclusive Take care of the Aged (PACE) operation.

“The naming undertaking was very enlightening — and really rewarding,” Rafael Sciullo, CEO of the brand new group, mentioned in a press launch. “Though the individuals interviewed had been separated by organizations and typically by service traces, the emotions and strengths mirrored each other. The similarities between the Empath and Stratum organizations had been nearly uncanny. Many shared that they themselves determine as empaths: those that can deeply sense the sentiments and experiences of others.”

The mixed firm will embrace roughly 2,000 workers and as many as 4,000 volunteers, with an estimated gross income of $300 million yearly.

Empath has a mean each day census of roughly 6,000 and serves about 50,000 sufferers per yr.

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