American Hospice Plans Merger with Voyager HospiceCare to Accelerate Growth Plans.Business Editors/Health/Medical Writers FORT WORTH, Texas--(BUSINESS WIRE)--May 14, 2004 American American, river, 30 mi (48 km) long, rising in N central Calif. in the Sierra Nevada and flowing SW into the Sacramento River at Sacramento. The discovery of gold at Sutter's Mill (see Sutter, John Augustus) along the river in 1848 led to the California gold rush of Hospice hospice, program of humane and supportive care for the terminally ill and their families; the term also applies to a professional facility that provides care to dying patients who can no longer be cared for at home. , Inc., the largest privately held, locally managed hospice company in Texas announces plans to merge with Voyager Voyager, airplane Voyager, the first airplane to circumnavigate the earth nonstop on a single load of fuel. Designed by Burt Rutan and flown by Dick Rutan and Jeana Yeager, Voyager took off from California on Dec. HospiceCare Inc. The merger, which is projected to close 3Q04, will provide a platform from which Voyager intends to grow nationally. Voyager, with its commitment and passion for the important role that hospice serves, consists of a uniquely experienced management team with more than fifty years of combined experience in the development and successful operation of numerous companies within the hospice, health care and other service industries. Indirectly, the merger provides a new alliance and additional funding from Saunders Saun´ders n. 1. See Sandress. Karp KARP Korean Association of Retired Persons & Megrue (SKM SKM Sinclair Knight Merz Pty Ltd. SKM Szybka Kolej Miejska (Warsaw, Poland railway) SKM Singapore Kindness Movement SKM Sigaret Kretek Mesin (Indonesian: Machine-Rolled Cigarettes) ) a uniquely successful private equity firm which makes investments between $5 million and $250 million. SKM's proven investment strategy is to invest in high-quality growth businesses with strong management teams. "Our merger accelerates our growth plans," said Mr. Don L. King, President of American Hospice. "The vast knowledge of the Voyager executive staff, as well as the alliance with SKM, will not only allow growth in our foundational businesses, it will allow expansion to new markets, create new agencies, new job opportunities and new business ventures. It's an exciting time!" It will be business as usual at American Hospice. Mr. King will remain the President and American Hospice will keep their corporate identity, their core values, exemplary patient care and strengths in our already growing hospice company. The initial growth strategy is to acquire and start new agencies throughout Texas and neighboring neigh·bor n. 1. One who lives near or next to another. 2. A person, place, or thing adjacent to or located near another. 3. A fellow human. 4. Used as a form of familiar address. v. States with the goal of expanding nationally. Combined with American Hospice's leadership and client favorability, the new organization will be better positioned to service and educate the nearly 70% of Americans that are qualified for Hospice care but do not receive it because of lack of awareness. |
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