VITAS Healthcare Corporation Acquires Houston-based Hospice Provider, Solari Hospice Care
MIAMI, FL - Chemed Corporation (“Chemed”) (NYSE: CHE) today announced that its VITAS Healthcare Corporation (“VITAS”) subsidiary has acquired the operating assets of Houston-based Solari Hospice Care effective April 1, 2013. In Houston, Solari Hospice Care serves approximately 60 patients and also operates a free-standing hospice inpatient facility that provides high acuity care to up to 12 patients.
VITAS, the nation’s leading provider of end-of-life care, currently serves more than 1,200 patients in Texas, including 251 in Houston. As part of the transaction, VITAS will enter into a long-term lease of the Solari Hospice Care inpatient facility. Financial terms of the transaction were not disclosed.
“VITAS’ acquisition of Solari Hospice Care reflects our commitment to serving patients and their families by offering access to the highest quality end-of-life care,” VITAS Chief Executive Officer Timothy O’Toole said. “We are pleased to welcome Solari Hospice Care to VITAS and look forward to expanding our presence in Houston as we serve the city’s end-of-life needs.”