Home Health & Hospice Week

Industry Notes:

Brookdale Sells Remaining Home Health Interest

Brookdale Senior Living Inc. has sold “its remaining 20 percent equity interest in its Health Care Services unconsolidated venture and received aggregate proceeds of approximately $27 million in connection with the transaction,” the Nashville-based senior living operator says in a release.

Recap: Back in 2021, Brookdale sold 80 percent of its home health and hospice business to HCA Healthcare for $400 million (see HHHW by AAPC, Vol. XXX, No. 9). Then later that year, LHC Group Inc. acquired 47 Brookdale Health Care Services agencies from the recently formed home health, hospice, and outpatient therapy venture between HCA Healthcare and Brookdale, including 23 home health locations, 11 hospice, and 13 therapy agencies across 22 states (see HHHW by AAPC, Vol. XXX, No. 33). LHC was later bought by UnitedHealth Group for about $5.4 billion and folded into its Optum division (see HHHW by AAPC, Vol. XXXI, No. 12).

In its Dec. 27 release, Brookdale doesn’t say to what company it sold the remaining 20 percent.

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