SCAN Group Acquires the Residentialist Group
In its first acquisition of an outside company, SCAN Group, whose holdings include SCAN Health Plan, one of the nation’s largest nonprofit Medicare Advantage plans, has acquired the Residentialist Group (TRG), an organization that provides clinical services to frail and vulnerable older adults in their homes.
TRG was founded by Norman Vinn, D.O, who coined the term “residentialist”—a physician who specializes in in-home care. For close to a decade, TRG has offered in-home clinical care in Southern California and Greater Philadelphia. TRG helped to successfully revitalize the tradition of the family doctor making house calls, according to SCAN. Long Beach, California-based SCAN is merging the operations of TRG with its own in-home care program, known as HealthCHEC, to form Homebase Medical, a medical practice that will provide palliative care, chronic disease management, care transition management, and in-depth personal health assessments to people in their homes. The newly named medical practice will serve SCAN Health Plan members as well as members of other health plans.
“TRG was a pioneer in providing care to vulnerable people in the home environment, and we’re proud to build on that legacy as we launch Homebase Medical,” said Dwight Brown, CEO of Homebase Medical, in a statement. “With SCAN’s commitment to solving the health needs of older adults and TRG’s hands-on experience providing care, we’re planning to redefine what it means to provide quality, wrap-around services to older adults while improving the quality of their lives.”
“We are excited about adding TRG to our portfolio and view our first-ever acquisition as an investment in the future of SCAN,” said Sachin Jain, M.D., M.B.A., president and CEO of SCAN Group and SCAN Health Plan, in a statement. “Not only will it help further SCAN’s mission to keep seniors healthy and independent, but it will also bring greater efficiencies to our work as we expand our in-home clinical delivery capabilities.”
SCAN Health Plan serves more than 270,000 members in California, SCAN Group also operates Healthcare in Action, Welcome Health, myPlace Health and Homebase Medical. Independence at Home, a SCAN community service, provides vitally needed services and support to seniors and their caregivers regardless of plan membership.
