Tag: Deaconess HomeCare
BioScrip sells home health business
February 3, 2014HME News Staff
ELMSFORD, N.Y. - BioScrip plans to sell its home health business, Deaconess HomeCare, to LHC Group for $60 million in cash, the company announced Feb. 3. BioScrip will turn its focus to its home infusion platform and use proceeds from the sale to pay down debt, according to a release. “This transaction will enhance BioScrip's financial flexibility to further benefit from the scale we built through our three recent infusion acquisitions, which have collectively deepened our strong clinical capabilities...