Skilled Healthcare Group (SKH) Announces Acquisition of Cornerstone Hospice
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Skilled Healthcare Group, Inc. (NYSE: SKH) today announced the acquisition of Cornerstone Hospice, a leading hospice company serving the Phoenix, Arizona and Riverside, California markets.
Cornerstone Hospice's two agencies, which are located in Phoenix and in Colton, California, generally serve areas of their metropolitan markets that are not served by the Company's existing hospice businesses. The Company expects the acquisition to be slightly accretive in 2011.
Cornerstone Hospice's two agencies, which are located in Phoenix and in Colton, California, generally serve areas of their metropolitan markets that are not served by the Company's existing hospice businesses. The Company expects the acquisition to be slightly accretive in 2011.
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