White Plains, NY (PRWEB) July 12, 2016
RestorixHealth, a leader in developing and managing comprehensive wound healing and Amputation Prevention Center® facilities, is pleased to announce it has finalized the acquisition of Metairie, Louisiana-based Wound Care Specialists, the largest operator of wound care and hyperbaric centers in critical access hospitals in the United States.
The Wound Care Specialists (WCS) acquisition will add an additional 80 centers to RestorixHealth’s current portfolio for a combined total of over 200 centers in 30 states. The combined companies will create one of the largest networks of wound care service providers in the industry, managing programs in both acute care and critical access hospitals.
“We believe Wound Care Specialists’ expertise in critical access hospital-based wound centers will round-out our service offerings,” said RestorixHealth CEO Steve McLaughlin. “As there continues to be greater integration between critical access hospitals and acute care hospitals, this complementary combination of wound care management companies will position RestorixHealth to meet the needs of integrated hospital systems and their patients in all markets.”
A wound or sore that has not healed in 30 days is referred to as a “chronic, non-healing” wound, adversely affecting an individual’s quality of life. RestorixHealth offers custom solutions to help hospitals and health systems develop and operate comprehensive wound healing and amputation prevention centers that improve healing times, reduce complications and decrease amputation rates.
McLaughlin continued, “With an increased reach and combined, diverse staff, our partners and patients will have the advantage of being part of a stronger nationwide company, well-positioned to meet the needs of those suffering from non-healing wounds.”
Duff & Phelps Securities, LLC, provided representation for Wound Care Specialists. Financial terms have not been disclosed. Wound Care Specialists will continue to operate under its business name and maintain its corporate headquarters based in Metairie, Louisiana.
RestorixHealth develops and manages comprehensive wound healing and amputation prevention centers that offer advanced treatment therapies along with hyperbaric oxygen therapy. Founded by physicians in 1997 to treat the growing incidence of chronic, non-healing wounds, RestorixHealth’s centers utilize a quality- and data-driven approach to consistently achieve high treatment success rates, resulting in a dramatic increase in patient quality of life. The company currently manages comprehensive centers throughout the United States in partnership with hospitals and health care facilities. For more information, visit http://www.restorixhealth.com.
About Wound Care Specialists
Wound Care Specialists is one of the largest operators of outpatient wound care and hyperbaric centers in the U.S. Wound Care Specialists partners with hospitals and other healthcare organizations to provide comprehensive outpatient wound care services focused on delivering outstanding care and superior results. With more than 80 clinics nationwide, partners include a wide range of healthcare facilities such as critical access hospitals, long-term care rehabilitation hospitals and skilled nursing facilities. For more information, visit http://www.woundcarespecialists.com.