PLANO, Texas, March 1, 2016 /PRNewswire/ -- LifeCare Holdings LLC, which operates LifeCare Hospitals, a leading post acute healthcare company specializing in the treatment of chronically ill and medically complex patients, has announced plans to acquire Haven Home Health, LLC, a multi-location home healthcare provider in the greater Dallas-Fort Worth metroplex area. The acquisition is expected to close in the second quarter, pending customary regulatory approvals and closing conditions.
"Haven has a great track record of delivering exceptional home healthcare and achieving high quality outcomes," said Phillip B. Douglas, Chairman and Chief Executive Officer of LifeCare Holdings LLC. "They are strong enhancement to our North Texas system and provide an excellent opportunity to extend our award-winning, interdisciplinary approach to patient recovery into the home-based environment."
The acquisition of Haven Home Health is consistent with LifeCare's ongoing expansion in the post acute space. With a long history of providing industry-leading quality outcomes in long term acute care, LifeCare is making investments in post acute assets including intermediate skilled nursing, transitional care and behavioral health services.
"The dedication and professionalism of our caregivers allow us to deliver exceptional home healthcare to thousands of Texans every year. We look forward to the opportunity to transition our services to an even larger post acute platform," said Haven Home Health Chief Executive Officer Gary Castleberry.
"With a rich pipeline and track record of clinical success, our company is uniquely positioned to offer facility and community based healthcare services to chronic and critically ill patients enabling them to achieve their fullest recovery potential," added Douglas.
SOURCE LifeCare Holdings LLC