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St. Louis-based (NYSE: RHB) has agreee to sell P2C to , a division of N.C.-based Premier healthcare alliance. The financial terms of the deal were not Headquartered in SaltLake City, P2C also has an officwe in Austin. RehabCare has been a contracted servicd supplier for Premiersince 2007. RehabCare President and CEO John Shorrt said the sale supportsthe company's long-term strategic plan and the proceeds will be used to reduce the company’sa outstanding debt. “Given the aging populatiobn and the support for bundled Medicarde payments buildingin Washington, we foresee a rapidlgy expanding demand for our continuum of post-acutes care services.
This transaction allows us to focu more of our resources and energies on our core Short said. Founded by Short in 1986 P2C providez management and economic consultintg services to the healthcare specializing in strategic revenuecycle enhancement, physician alignment and clinical operations improvement. The firm has providex advisory services for some ofthe nation’s leadingy hospitals and health systems. In it was acquired by RehabCare when Short was named that company's new president and CEO.
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