Priority Healthcare has acquired Louisville, Ky.-based SpectraCare's $32-million infusion business and its medical management component, Care Continuum, which provides network management on an administrative fee-for-service basis for managed care organizations. The acquisition does not include SpectraCare's home health operations.
According to Priority President and CEO Steve Cosler, the SpectraCare operation will be integrated into Priority's existing Integrity Healthcare Services specialty infusion business, which has 29 branches in 18 states.
Arcadia Resources has acquired Health-Link, a respiratory DME provider with operations in northwest Indiana and metro Chicago. Health-Link will operate under Arcadia's H.O.M.E. (home oxygen medical equipment) name and will “create a new sales presence in the state of Indiana as well as significantly expand our existing market coverage in greater Chicago,” said Arcadia President Larry Kuhnert.
Rehab, respiratory and wound-care provider Dynamic Medical Systems has completed a $3 million expansion, opening nine branches during the last six months. President and CEO Dave Robertson said that the company, founded in 1995, has experienced cumulative growth of more than 600 percent over the past 10 years. The company said it has secured more than 120 new accounts through the expansion thus far.
