CHARLESTON, W.Va. — An Ohio-based transitional care system has agreed to acquire Stonerise Healthcare Transitional Care’s facilities in West Virginia and Ohio.
CommuniCare Health Services offers multiple services, including nursing rehabilitation, long-term care and assisted living. The company has facilities in West Virginia and six other states.
The deal includes the acquisition of Stonerise’s 17 health care centers, seven home health agencies, and services related to therapy and hospice.
Larry Pack, Stonerise’s co-founder and chief executive officer, told MetroNews he and partner Steve White began discussing selling the facilities a year ago.
“I think the biggest reason, really, was COVID, the pandemic and the difficulties of taking care of our patients, taking care of our co-workers. It kind of took all the fun out of it, really,” he said.
Pack said CommuniCare Health Services shares a similar mission to Stonerise, which was the main factor in Pack agreeing to the acquisition.
“We worked really hard to find a company that has a lot of the same interests that we do as far as patient care, as far as taking care of co-workers.
According to Pack, CommuniCare Health Services does not have plans to reduce the workforce at the Stonerise facilities with the possibility of hiring additional workers.