Health & Fitness
Health and Fitness
Health and Fitness
Wed, October 7, 2009
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Fri, October 2, 2009
Thu, October 1, 2009 Sun Healthcare Group, Inc.: Sun Healthcare Group, Inc. Announces Acquisition of Allegiance Hospice Group, Inc.; Expands SolAmor
IRVINE, CA--(Marketwire - October 1, 2009) - Sun Healthcare Group, Inc. (
"The geographic markets that Allegiance serves fit perfectly with the SolAmor markets, and the acquisition is expected to increase the size of SolAmor's revenue by almost 70 percent," said Richard K. Matros, chairman and chief executive officer of Sun Healthcare Group, Inc. "We are pleased with the performance of SolAmor and look forward to additional opportunities to grow in this segment," added Matros.
With this transaction, SolAmor Hospice will provide hospice services in eight states to approximately 860 patients daily, with an annualized revenue run rate of approximately $43.0 million.
About Sun Healthcare Group, Inc.
Sun Healthcare Group, Inc., with executive offices in Irvine, California, owns SunBridge Healthcare Corporation and other affiliated companies that operate healthcare centers in many states. In addition, the Sun Healthcare Group family of companies provides therapy through SunDance Rehabilitation Corporation, hospice services through SolAmor Hospice and medical staffing through CareerStaff Unlimited, Inc.
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