Health Care: Consultants Boyd & Nicholas acquired

Simione Healthcare Consultants, a Conn.-based consulting firm in home health and hospice care, announced that it acquired Boyd & Nicholas, Inc., itself a health care consulting firm based in Rohnert Park that was co-founded by Thomas Boyd and Thomas Nicholas.

The acquisition combines the two teams and opens a formal West Coast operation for Simione, which focuses on operations, finance, compliance, sales and marketing, technology and mergers and acquisitions.

Financial terms of the deal were not disclosed.

 "We are delighted to welcome the Boyd & Nicholas team to further improve clinical and financial performance for our nation’s home health and hospice providers," Robert Simione, managing principal at Simione, said in a statement. "Cost reporting remains a cornerstone on which Simione was founded, and our joining together will enhance access to expertise as challenges continue to increase for home health and hospice organizations. We believe this partnership will help more health providers minimize risk and eliminate barriers to financial success at a time when increasing demands threaten the livelihood of so many home care and hospice organizations." 

Boyd & Nicholas has specialized in cost report preparation, a requirement for home health agencies receiving Medicare reimbursements, financial analysis, accounting and due diligence since 1993. Mr. Boyd will join Simione as vice president of reimbursable services, with nearly four decades of Medicare reimbursement expertise, including 12 years with a Medicare intermediary for home health providers. A frequent national and state speaker, he was inducted into the Hall of Fame at the 2013 National Association for Home Care and Hospice Financial Managers Conference. He is a member of the Home Care and Hospice Financial Manager’s Association. 

Simione Healthcare Consultants, founded in 1966 and based in Hamden, operates in 23 states, providing business solutions for the home health and hospice industry. It includes performance improvement across the health care landscape, ranging from hospitals, health networks and agencies for more effective delivery of home health and hospice care. More than 1,000 organizations use Simione’s services, the company said.***

Santa Rosa-based Oakmont Senior Living is highlighting the recent opening of The Terraces, which it said creates new care options for regional families with loved ones afflicted by Alzheimer’s and other forms of dementia.

The 33-unit community in Santa Rosa, located on the recently opened, $52 million Fountaingrove Lodge retirement campus, offers a continuum of specialized memory care services designed to meet the physical, emotional, cognitive and social needs of individuals with early to advanced stages of memory loss, according to Oakmont.

Oakmont Senior Living said the number of individuals with memory loss disorders continues to escalate each year, creating demand for specialized care that effectively handles patients' conditions as memory, judgment and reasoning skills decline. Many forms of dementia are degenerative; and as symptoms become more severe, drastic behavioral changes set in and the ability to perform daily living activities deteriorates, according to Oakmont.

Specialty therapy and assisted care programs are designed to help prolong a sense of independence, improve communication and mood, encourage physical activity, and drive social interaction among residents.

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