Trans Healthcare signs new lease. Privately held Trans Healthcare said last month that it signed a lease with the Hazelbaker Group to operate 16 nursing facilities with 1,247 beds in Ohio, a nursing home in Arizona and an assisted-living facility in Florida. Camp Hill, Pa.-based Trans Healthcare owns or operates 41 nursing homes in Ohio, 21 outpatient clinics in Pennsylvania, and the Arizona and Florida facilities.
Kessler buys rehab group. Kessler Rehabilitation Corp., West Orange, N.J., has purchased the stock of Community Rehab Centers, Burlington, Mass., for undisclosed terms. Community and its 49 outpatient physical rehabilitation centers will become a wholly owned subsidiary of Kessler, bringing Kessler's number of outpatient rehabilitation sites to 100. The transaction is scheduled to close sometime this month.
Magellan drops another division. Magellan Health Services, Columbia, Md., is dropping another business line that was outside its core service of behavioral health with the $121 million sale of its National Mentor division to a group of National Mentor managers and a private equity investment firm. The division provides foster care for people requiring behavioral health and rehabilitation services. The sale is expected to close during Magellan's third quarter, which ends June 30. In recent months, Magellan also has shed its specialty health management, psychiatric physician practice management and Canadian units, using the proceeds primarily to pay debt.
Dialysis deals announced. Renal Care Group, Nashville, last month formed a joint venture to operate three dialysis centers with Dialysis Support Services, Las Cruces, N.M. Renal Care will own 80% of the venture, known as Renal Care Group of South New Mexico, and will manage its operations. The value of the deal was not disclosed. Meanwhile, National Nephrology Associates, Nashville, last month bought two dialysis centers in the Toledo, Ohio, area from Dialysis Services of Northwest Ohio for undisclosed terms. The purchase starts the company's expansion into northwest Ohio and southeast Michigan, a spokesman said.
German company buys Everest. Fresenius Medical Care, a Germany-based provider of dialysis products and services, has completed its purchase of Everest Healthcare Services, Oak Park, Ill., for $343 million, including the assumption of debt. Everest operates 70 clinics in the eastern and central regions of the U.S. and also provides blood and acute dialysis services to 100 hospitals. Fresenius operates 1,240 dialysis clinics in Asia, Europe, Latin America and North America.