CEO Statement on Merger Announced 3/31/15
Healthcare in the US is continuing its transformation. With financial pressure surrounding reimbursements, hospices - especially non-profit hospices - need to forge a new path forward in this changing environment.
Several months ago, our Board created Rainbow’s path forward through a partnership with Presence Health. The relationship truly affords us the opportunity to advance our mission and care for patients and families dealing with advanced complex illness.
It was announced today that Midwest Palliative and Hospice Care, JourneyCare and Horizon Hospice have identified their own path forward through a merger of the three organizations.
I believe that organizations like ours form a social contract with their communities. I am pleased that these three hospices, each serving their communities well, have found a way to remain viable non-profit entities that will continue to fulfill their mission.
Rainbow’s leadership team and Board of Directors have made decisions over the past year knowing that there would be mergers in the marketplace. While I recognize the challenges this merger presents, I also see great opportunity. We will continue on a new and innovative path to provide exceptional patient care and we will continue to grow our relationship with Presence to increase the communities we are able to serve.
I am excited about Rainbow’s future and remain grateful for the trust and support of our patients, families and community.
Michael S. McHale President and CEO