Washington Post buys LTC company, invests in home and hospice care

The Washington Post Co. today announced its purchase of Celtic Healthcare, a long-term care company providing home health and hospice services in Maryland and Pennsylvania, for an undisclosed amount.

The acquisition reflects the Post’s “ongoing strategy of investing in companies with demonstrated earnings potential and strong management teams attracted to our long-term investment horizon,” said Donald E. Graham, the Post’s chief executive officer, in a Washington Post news story.

Celtic currently has nine locations and offers services through home visits, telehealth and home-based disease management.

I Advance Senior Care

I Advance Senior Care is the industry-leading source for practical, in-depth, business-building, and resident care information for owners, executives, administrators, and directors of nursing at assisted living communities, skilled nursing facilities, post-acute facilities, and continuing care retirement communities. The I Advance Senior Care editorial team and industry experts provide market analysis, strategic direction, policy commentary, clinical best-practices, business management, and technology breakthroughs.

I Advance Senior Care is part of the Institute for the Advancement of Senior Care and published by Plain-English Health Care.