Home health and hospice giant Amedisys is expanding into hospital-at-home. On Thursday, the Baton Rouge, LA-based company announced it is acquiring Nashville, TN-based Contessa Health, which specializes in hospital-at-home and skilled nursing facility (SNF) at-home services. As part of the deal, Amedisys will also invest in CareConvergence, Contessa’s business and proprietary informatics platform.
In a statement, Amedisys CEO Paul Kusserow called the deal a “milestone for Amedisys’ strategic growth and differentiation” plans.
“We have always worked to innovate and provide even more types of care in the home, as patients increasingly seek to ‘age in place’ in environments that are familiar and safe. Bringing the Contessa team into our family significantly advances this strategy,” Kusserow said.
Contessa is a six-year-old firm that partners with health systems and health plans to offer complex patients acute and post-acute care at home. The company’s partnerships include Mount Sinai Health System, Marshfield Clinic Health System, Ascension Saint Thomas, CommonSpirit Health and Highmark Health. Contessa said it also has a robust pipeline for potential expansion with more than one hundred hospitals across more than two dozen states.
Amedisys said the acquisition will help it create a premier home-based health system, accelerate the services it provides through advanced technology platforms and expand its in-home services market from $44 billion to $73 billion.
The deal is expected to close sometime later this summer. Amedisys provides home care to patients in 39 states and the District of Columbia.
This article originally appeared on McKnight's Senior Living