IRVINE, Calif. (AP) — Health care facility operator Sun Healthcare Group Inc. said Monday it completed the buyout of Countryside Hospice Care Inc. for an undisclosed amount.
Countryside is a privately-held, Medicare-certified hospice company based in Anniston, Ala. It provides services to about 200 hospice patients located in Alabama and Georgia.
Countryside is expected to generate about $11 million in revenue in 2011. The company will operate within Sun's SolAmor subsidiary, which now has hospice services in 10 states serving about 1,050 patients daily.
In November, Sun started a restructuring plan that split it into two publicly traded companies including Sun Healthcare Group and Sabra Health Care REIT Inc., which will own all its real estate assets. The new Sun Healthcare formerly did business as SHG Services Inc.