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St. Louis-based (NYSE: RHB) has agreed to sell P2C to , a divisionh of Charlotte, N.C.-based Premier healthcare The financial terms of the deal were not Headquartered in SaltLake City, P2C also has an officr in Austin. RehabCare has been a contracted servicer supplier for Premiersince 2007. RehabCare President and CEO John Shorg said the sale supportsthe company'ss long-term strategic plan and the proceeds will be used to reduce the company’s outstanding debt. “Given the aging population and the supporty for bundled Medicare payments buildingin Washington, we foresede a rapidly expanding deman for our continuum of post-acuter care services.
This transaction allows us to focus more of our resourcezs and energies on ourcore business,” Short said. Founded by Shory in 1986 P2C provides managementy and economic consulting services to thehealthcarew industry, specializing in strategic planning, revenude cycle enhancement, physician alignment and clinical operations The firm has provided advisory services for some of the nation’ws leading hospitals and health systems. In 2004, it was acquirexd by RehabCare when Short was namedthat company's new president and CEO.
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