Odyssey HealthCare, Inc. today announced that it has acquired the Flint, Michigan-based Avalon Hospice program, expanding Odyssey’s geographic coverage northward into Genesee and surrounding counties. The transaction, which was completed on December 31, 2008, is not expected to have a material impact on earnings in 2009.
“We are pleased to expand our footprint in Michigan through the addition of Avalon Hospice, a non-profit hospice program with an average daily census of approximately 80 patients and a proven track record for delivering the highest level of hospice services,” said Robert A. Lefton, president and chief executive officer of Odyssey HealthCare. “We welcome Avalon Hospice to the Odyssey family, and we look forward to working with the caregivers and support staff to accomplish a smooth transition for the residents of Flint and the surrounding areas.”
Commenting on the announcement, Sharry Smith, Chairman of the Board of Community Hospice Foundation (formerly known as Avalon Hospice), said, “We truly believe that the acquisition by Odyssey is the best way to continue Avalon’s quality care and commitment to the Flint community, and we look forward to working with Odyssey and the Avalon Hospice program as our foundation continues its work in the Flint community. Odyssey has done an outstanding job to make this transition as smooth as possible for the patients and staff at Avalon.”
Based in Dallas, Texas, Odyssey is one of the largest providers of hospice care in the country in terms of both average daily patient census and number of locations. Odyssey seeks to improve the quality of life of terminally ill patients and their families by providing care directed at managing pain and other discomforting symptoms and by addressing the psychosocial and spiritual needs of patients and their families.
Contact:
Odyssey HealthCare, Inc.
R. Dirk Allison, 214-922-9711
Senior Vice President and Chief Financial Officer
via yahoo
“We are pleased to expand our footprint in Michigan through the addition of Avalon Hospice, a non-profit hospice program with an average daily census of approximately 80 patients and a proven track record for delivering the highest level of hospice services,” said Robert A. Lefton, president and chief executive officer of Odyssey HealthCare. “We welcome Avalon Hospice to the Odyssey family, and we look forward to working with the caregivers and support staff to accomplish a smooth transition for the residents of Flint and the surrounding areas.”
Commenting on the announcement, Sharry Smith, Chairman of the Board of Community Hospice Foundation (formerly known as Avalon Hospice), said, “We truly believe that the acquisition by Odyssey is the best way to continue Avalon’s quality care and commitment to the Flint community, and we look forward to working with Odyssey and the Avalon Hospice program as our foundation continues its work in the Flint community. Odyssey has done an outstanding job to make this transition as smooth as possible for the patients and staff at Avalon.”
Based in Dallas, Texas, Odyssey is one of the largest providers of hospice care in the country in terms of both average daily patient census and number of locations. Odyssey seeks to improve the quality of life of terminally ill patients and their families by providing care directed at managing pain and other discomforting symptoms and by addressing the psychosocial and spiritual needs of patients and their families.
Contact:
Odyssey HealthCare, Inc.
R. Dirk Allison, 214-922-9711
Senior Vice President and Chief Financial Officer
via yahoo
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