Good afternoon, ProviderNation.
Post Acute Partners says it’s reached a deal to take over “substantially all of ElderWood Senior Care.”
Buffalo-based ElderWood will keep its name and letterhead. Post Acute adds to a portfolio of long term care outfits in New York, Rhode Island, Pennsylvania, and Massachusetts.
“The post-acute level of care is changing,” Post Acute co-founder Warren Cole said in a statement Monday. “This acquisition positions Post Acute Partners to become the largest and most fully integrated provider in upstate New York.”
Elderwood founder Robert Chur and his daughter will hang onto two assisted living communities under Monday’s deal.
In other news, scientist-types think they may be closer to a blood test for Alzheimer’s; ElderLawAnswers gives some measuring sticks for long term care insurance; and a nasty bit of business in China as a man angry over a nursing home bill turns to arson…