Beverly subsidiary AseraCare doubles size of hospice operations.AseraCare 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. , a subsidiary of Fort Smith, Ark.-based Beverly Enterprises Inc., has acquired Hospice U.S.A. LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , for an undisclosed sum, Beverly officials reported. The deal practically doubles AseraCare's existing hospice operations, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a Beverly release. Hospice U.S.A., based in Memphis, is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. providing services to 900 patients in a total of 18 hospice agencies in Mississippi, Alabama and Tennessee. AseraCare provides services to 1,100 hospice patients in 10 states, with another eight locations under development this year, the release stated. Excluding this acquisition, AseraCare's revenue in 2004 is expected to top $50 million. |
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