Wilmington-headquartered Well Care Health, a home health and hospice company, sold one of its three core services, Home Care, to Chicago-based home health care company Avid Health at Home, officials announced Monday.
Well Care Heath CEO Zac Long declined to discuss the terms of the deal.
The company’s three operating divisions were its Home Health, which sends registered nurses and licensed practical nurses to clients’ homes; Hospice home care, which is end-of-life care; and the recently sold Home Care, which sends certified nursing assistants to help clients with everyday tasks.
Home Care services make up 7% of Well Care Health’s total business, Long told the Business Journal. He said expects the sale to not impact any clients currently receiving home care services.
“We had a really careful and thoughtful plan regarding communication to our clients all the way through, so with respect to the core operations and the way that the division is being run, there was no adverse impact for any of the people involved,” Long said.
The motivation for the sale comes from recent regulatory changes in the health care industry. Long said there is value in a more focused range of services. The deal will allow Well Care Health to focus on its Home Health and Hospice home care divisions, Long said.
Home Health makes up 90% of Well Care Health’s business, Long said. The Home Health service is offered in 40 counties in North and South Carolina.
He sees Avid Health at Home as a long-term home for Well Care Health’s Home Care team, he said.
Avid Health at Home is a multi-state home care provider that services people of all ages who need assistance to accomplish tasks at home, according to the Well Care release.
“We felt like it made a lot of logical sense for them to join an organization that was fully focused and fully dedicated to home care services,” Long said.
All Well Care Health's Home Care employees will be retained in the transition, according to the release.
"We are excited to welcome the Home Care team into the Avid Health fold and look forward to building upon this strong foundation to serve our broader communities," said Avid Health at Home CEO Jen Lentz in the release.