NEW YORK, Feb. 23, 2017 /PRNewswire/ -- Genesis Healthcare Services has merged with Hospice Cloud, a National HME Company. The announcement was made by Bill Monast, President and CEO of Hospice Cloud and David Hartley and Nathan Feltman, executives with Home Health Depot, Inc., the parent company of Genesis Healthcare Services, LLC.
This acquisition helps Hospice Cloud maintain its position as the nation's largest provider of technology enabled durable medical equipment (DME) solutions for the hospice industry. Nathan Feltman with Home Health Depot noted, "Hospice Cloud is the market leader in our industry. It was incredibly important to us that we found a partner that would ensure that the patients and hospices that we serve receive the highest standard of care."
"We know that Hospice Cloud will continue the long tradition of service excellence that Genesis has established in Georgia," commented David Hartley.
Bill Monast, President and CEO of Hospice Cloud said, "The addition of Genesis Healthcare expands our presence in the Southeast and supports our vision of delivering the most comprehensive DME solution to our hospice partners and their patients."
Geoffrey Raker, Partner at Tailwind Capital, a growth oriented middle-market private equity firm and the lead investor in National HME | Hospice Cloud said, "This key acquisition aligns with our vision for the continued growth of National HME, and further expands our ability to provide the most comprehensive DME solution to any hospice in the country."
This marks the third major acquisition since January of 2016 for Hospice Cloud.
For more information, visit: www.hospicecloud.com
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/genesis-healthcare-services-to-merge-with-hospice-cloud-a-national-hme-company-300412753.html
SOURCE Hospice Cloud, a National HME Company