Healthcare network buys Klingensmith
PITTSBURGH, Pa. – Klingensmith Healthcare has been acquired by Allegheny Health Network (AHN).
AHN announced today that it has taken a majority ownership in Klingensmith while partner, the Johns Hopkins Home Care Group, has acquired a minority share, according to a release.
The Ford City, Pa.-based Klingensmith is a large independent provider of HME and respiratory services, with 195 employees serving more than 9,000 patients in Western Pennsylvania and parts of West Virginia and Ohio.
Klingensmith has been ahead of the curve in the push to reduce hospital readmissions. In 2009, it launched a disease state management pilot program for COPD.
“Klingensmith has invested heavily in developing outstanding clinical platforms and advanced technological capabilities over the past several years," said Brian Holzer, MD, senior vice president of diversified services for AHN. "By merging these critical, existing capabilities with the considerable home and community-based care needs of AHN's growing patient population, we have the opportunity to establish a model program for out-of-hospital chronic disease management that greatly improves the patient experience and promotes clinical interventions at more effective and appropriate sites of care.”
The deal is part of a strategy for AHN to provide a continuum of care outside of the hospital. In November, AHN announced a joint venture with Celtic Healthcare, a provider of home health and hospice services.
Terms of the deal were not disclosed.