IntegraCare Closes Acquisition of Sears Methodist Hospice Services

Within the last 60 days, Sears Methodist and IntegraCare partnered to transition Sears Methodist’s home health patients to IntegraCare.

Abilene, TX, February 27, 2012 --( IntegraCare Holdings, Inc.™, a visionary provider of Home Health, Hospice and Community Services, today announced that on February 23, 2012 it closed the acquisition of the Sears Methodist Hospice Division. Sears Methodist is a trusted provider of hospice services in Abilene.

Chris Gerard, CEO of IntegraCare, noted, “IntegraCare’s geographic footprint and company values, as well as culture, overlap with those of Sears Group in meaningful ways, supporting our shared belief in clinically- appropriate, quality, cost-effective healthcare to patients and residents of the Abilene community throughout the continuum of their post-acute healthcare.”

IntegraCare and Sears Methodist have an agreement to help facilitate a smooth transition for Sears Methodist patients and employees alike. “We look forward to joining forces with Sears Methodist Hospice in Abilene and having their Hospice Division join the IntegraCare team. Within the last 60 days, Sears Methodist and IntegraCare partnered to transition Sears Methodist’s home health patients to IntegraCare, which was seamless given the fact our Home Health Division currently operates in 43 other communities in North, Central and West Texas,” commented David Hagey, President of IntegraCare. “We retained all of the Sears Methodist Hospice employees so, coupled with Home Health and Private Duty, we have employed more than 50 employees who look forward to servicing the Abilene community.”

Cheryl Harding, an administrator of Sears Methodist, stated, “On behalf of Sears Methodist’s Hospice team, we are very excited to become a part of IntegraCare’s Hospice Division. The transaction provides a solid fit for the Sears Methodist’s high quality hospice platform. I firmly believe that our hospice patients, as well as our employees, will benefit from the combined resources and talent of both companies.”

Headquartered in Grapevine, Texas, IntegraCare is a visionary provider of home health, hospice and waiver services, specializing in a diverse range of services targeted at assisting patients to sustain and enhance their quality of life through a continuum of care. Founded in 1998, the company has grown to include 44 home health locations serving over 140 counties and 10 hospice locations, serving over 110 counties.

IntegraCare’s vision is to provide the best hospice care available, and by combining Sears Methodist and IntegraCare's Hospice Divisions, the Company expands its hospice service area from over 95 counties to more than 110 counties and will provide care to more than 300 patients.

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IntegraCare Holdings, Inc.
Fran Dubuisson