The SCAN Group acquired The Residentialist Group (TRG), an organization that provides chronic disease management, palliative care and home-based care to seniors, reports Home Health Care News.
The deal is noteworthy because it marks the first time the organization has acquired an outside company. SCAN declined to disclose financial terms of the deal.
“A few years ago, as our board was doing a strategic refresh, there was an acknowledgement that there are many ways to keep seniors healthy and independent,” Dr. Sachin Jain, president and CEO of SCAN Group and SCAN Health Plan, said. “Medicare Advantage is one way to do that, but it’s by no means the only way. We wanted to find other ways to keep seniors healthy and independent. A big part of that has been an acknowledgement that home-based care delivery is an important [solution].” Read more.