Mission Healthcare has acquired Loma Linda College Medical Middle Residence Well being in Southern California.
Loma Linda College Medical Middle Residence Well being is part of Loma Linda College Well being, which incorporates eight skilled faculties, six hospitals and a community of greater than 900 school physicians.
In the meantime, San Diego, California-based Mission Healthcare is among the largest regional suppliers of residence well being, hospice and palliative care. The corporate — backed by Chicago-based PE agency The Vistria Group — has 14 places of work throughout the Golden State.
At the moment, Mission Healthcare serves greater than 2,200 sufferers every day.
Mission Healthcare’s acquisition of Loma Linda College Medical Middle Residence Well being has its roots in a earlier partnership between the 2 organizations. The monetary phrases of the acquisition weren’t disclosed.
“We consider our mixed assets will make an impactful affected person expertise and profit the group by delivering care to a broader inhabitants,” Paul VerHoeve, Mission Healthcare’s CEO, mentioned in an announcement.
This deal comes on the heels of Mission Healthcare’s bigger push to increase exterior of the SoCal area.
Final month, Mission Healthcare purchased Alliance Home Health & Hospice Care, a Medicare-certified residence well being and hospice group in Pleasanton. The deal allowed the corporate to increase its footprint into Northern California for the primary time.
Mission Healthcare can be taking a look at acquisition alternatives in different West Coast states.
In March, the corporate confirmed that it was doing due diligence on two alternatives. One among these offers would additional enhance its California footprint and the opposite provides the group a multi-state presence, in accordance with VerHoeve.
“There’s much more uniqueness throughout the Western states,” he beforehand advised Residence Well being Care Information. “We’ve bought some very enticing acquisitions that we really feel assured we’re going to have the ability to get to the end line within the subsequent 60 to 90 days.”
Except for its M&A pipeline, Mission Healthcare can be targeted on its palliative care service strains.
“We discovered that [palliative care] was very useful, particularly, to institutional acute care hospitals, who have been fighting people who perhaps didn’t qualify for residence well being or didn’t need to select hospice, however form of fell in between,” VerHoeve mentioned through the HHCN PDGM Summit in March. “We really feel like that’s an space that can proceed to evolve.”
VerHoeve famous that palliative care matches in properly with Mission Healthcare’s overarching technique of residence well being and hospice.
Nonetheless, VerHoeve expressed the necessity for reimbursement in regard to offering these providers.
“We’re hopeful extra reimbursement fashions will come out which can be possible for these providers to be extra available,” he mentioned. “I believe [palliative care] is an unmet want, and truthfully, there are people who’re excessive threat going with out having these providers.”
Wanting forward, Mission Healthcare additionally plans to show its consideration to continual illness administration packages.
“We’ve not been heavy on these prior to now, [but] I believe we’ll proceed to develop these and attempt to align with our well being techniques in addition to our payers,” VerHoeve mentioned. “It’s one thing they’ve been asking for fairly a while. We’re out right here in California, a really heavy managed care state, so it gained’t be unfamiliar to us.”