Inventory Optimization Solutions (IOS) today announced that Cornerstone Healthcare Group has received the 2018 Q4 Best Practice Award. Cornerstone has demonstrated exceptional capabilities in contract utilization, formulary development and management, spend management and inventory reduction, using the Envi Supply Chain Solution to drive informed decision-making, improve results, and achieve new savings and efficiencies. IOS continually identifies and shares best practices from customers to help educate the healthcare community on supply chain automation. Each quarter, IOS recognizes an organization demonstrating exceptional capabilities in supply chain excellence.
Another large health system is breaking into home health care and hospice. Dallas, Texas-based Cornerstone Healthcare Group made its first dive into the spaces earlier this month with the acquisition of Phoenix, Arizona-based Southland Home Health. Financial terms of the deal were not disclosed.
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.