Irvine-based nursing home operator Sun Healthcare Group Inc. said Tuesday it’s selling its home healthcare unit for nearly $20 million to Irvine’s AccentCare Home Health Inc.
The company said it is selling SunPlus Home Health Services, a provider of home care and pharmacy services in California and Ohio, to AccentCare for $19.3 million.
The sale is expected to close in the fourth quarter.
The deal is designed to let Sun focus on nursing homes and boost profits, Chief Executive Richard Matros said.
Sun also said it’s buying Preferred Hospice of Oklahoma Inc. and plans to buy out management contracts for hospice programs at facilities it owns in Oklahoma, Colorado and New Mexico.
AccentCare is privately held with estimated yearly sales of about $100 million before Tuesday’s acquisition. The company provides non-medical care to seniors living at home.
It operates in California, Arizona, New York and Washington state.
