Home Health & Hospice Week

Plus: AccentCare, Dover Health, SilverStone grow.

A newly combined home health company has expansion on its mind.

HCS-Girling based in Brooklyn and Pinnacle Home Care based in Tampa have agreed to enter into “a strategic partnership linking the care continuum across two unique and growing markets,” they say in a release.

“HCS-Girling and Pinnacle both share a unique founding story as clinician-founder-led platforms,” and both are about 20 years old, the release notes.

“Pinnacle and Girling’s partnership is an extraordinary unicorn event, bringing Pinnacle considerable balance sheet strength while maintaining its unique culture, brand and talent,” Pinnacle’s Chief Sales Officer Jessica McQuade says in the release. “The Girling relationship provides Pinnacle access to referral partnership opportunities to drive our market share in Florida and also expand to neighboring states,” McQuade adds.

“As Pinnacle developed our longer-term strategies, we knew that future growth would require larger capital support, but we actively chose not to follow the path of our competitors to be acquired by a payvider or private equity, or the publicly traded home health providers,” Pinnacle President Michael Froning says in the release. “This strategic partnership with Girling is a true hand and glove fit that will allow us to continue operating under the Pinnacle brand and keep our true north to our mission, vision and values,” Froning says.

Other recent market developments include:

In Rhode Island: Dallas-based AccentCare has opened a hospice location in Warwick, marking its entry into the New England market. AccentCare and its regional partners operate more than 250 locations across 32 states and the District of Columbia, serving more than 200,000 individuals each year with about 30,000 staff, the company says in a release.

In Illinois: Dover Health has entered the Chicago-area market with the acquisition of Centered Care Hospice and Palliative Care and Cornerstone Home Health, the Missouri provider says in a release. Dover Health’s parent company, the Dover Companies, operates senior living facilities, among other health interests.

In Texas: SilverStone Health is positioning itself for “rapid expansion,” it says in a release. Dallas-based SilverStone offers “advanced medical care for complex chronic conditions, advanced diseases, and terminal illnesses … in home, facility, and transitional care settings following hospital discharge,” it says. Silverstone Hospice acquired Comfort Care Hospice in late 2020 (see HHHW by AAPC, Vol. XXX, No. 1).

Also in Texas: Healthcare investment firm Zenyth Partners has made an investment in LifeCare Home Health Family based in Irving, New York City-based Zenyth says in a release. LifeCare provides skilled home health and private duty services through 10 affiliated branches in Texas, Florida and Nevada, they say.