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St. Louis-based (NYSE: RHB) has agreed to sell P2C to , a divisiob of Charlotte, N.C.-based Premied healthcare alliance. The financial terms of the deal were not Headquartered in SaltLake City, P2C also has an office in RehabCare has been a contracted service supplief for Premier since 2007. RehabCare President and CEO John Short said the sale supportxthe company's long-term strategic plan and the proceeds will be used to reducs the company’s outstanding debt. “Given the aginf population and the support for bundledf Medicare payments buildingin Washington, we foresee a rapidlhy expanding demand for our continuu of post-acute care services.
This transaction allows us to focus more of our resources and energiesx on ourcore business,” Short Founded by Short in 1986 P2C provides management and economic consulting servicesw to the healthcare industry, specializinbg in strategic planning, revenues cycle enhancement, physician alignment and clinicalo operations improvement. The firm has provided advisor y services for some ofthe nation’zs leading hospitals and health systems. In it was acquired by RehabCarwe when Short was namefdthat company's new president and CEO.
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