Cornerstone Healthcare Group (“Cornerstone”) announced today its acquisition of Southland Home Health (“Southland”), a home health company based in Phoenix, Arizona that specializes in post-acute care services, including skilled home health, palliative care, and hospice care. This acquisition into home health complements Cornerstone’s existing areas of expertise: specialty hospitals, behavior health, and senior living.
Cornerstone Healthcare Group (“Cornerstone”), a diversified healthcare company with operations in the specialty hospital, senior living, and behavioral health fields, announced today the launch of a joint venture with Lake Charles Memorial Health System (“Lake Charles Memorial”) to operate a long-term acute care hospital (LTACH) facility. As a result of the agreement, which was finalized in December, the Cornerstone specialty hospital location in Sulphur, Louisiana relocated to Memorial Specialty Hospital’s location within CHRISTUS St. Patrick Hospital in Lake Charles. Memorial Specialty Hospital, the LTACH unit of the Lake Charles Memorial system, has been renamed Cornerstone Hospital Southwest Louisiana. Cornerstone serves as the majority stakeholder in the new venture.