Graham Holdings Buys Majority Interest In Residential Healthcare - Quick Facts

(RTTNews) - Graham Holdings Company (GHC) announced it has acquired a majority interest in Residential Healthcare Group, Inc., the parent company of Residential Home Health and Residential Hospice, provider of skilled home health care and hospice services in Michigan and Illinois.

The company said that Mike Lewis, chairman and chief executive officer, and the Residential Healthcare Group management team will continue to operate the businesses. The purchase price was not disclosed.

Residential Home Health, founded in 2001, and Residential Hospice, founded in 2011, are in-home, on-site and on-call providers based in Troy, MI. They offer a wide range of services and an experienced and caring staff of nurses, therapists, medical social workers, personal and spiritual care attendants and other medical professionals.