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PACER HEALTH CORPORATION
PACER HEALTH CORPORATION
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Company Overview
Pacer Health Corporation owns and operates acute care hospitals, skilled nursing facilities, psychiatric care facilities and rural medical treatment centers to serve residents in non-urban communities throughout the Southeast United States. The company was incorporated in 2003 on the principles of providing quality health care with dignity and compassion. Its headquarters is located in Miami Lakes, Florida in the United States.
Pacer Health is both a sold investment partner and a quality health care provider that focuses on providing compassionate care. The company provides healthcare professionals with state-of the-art facilities and equipment and resources needed to provide compassionate and quality care. It also provides support and resources to the healthcare professionals that ensure above standard care for the patients, and also provides professional development to continuously improve the level of knowledge and experience of its employees. Since its incorporation, the company has acquired eight facilities that include: three acute care hospitals, one skilled nursing facility, one psychiatric facility, two rural health clinics, one specialty practice and a multi-specialty clinic and imaging center.
The company?s mission is to become the leading independent provider of these types of facilities housed in selected geographic markets through an acquisition based business model.
Business Summary
Pacer Health Corporation (Pacer) is a diversified holding company with subsidiaries operating in the healthcare services and transportation/logistics services. The Company?s operations are organized into two segments: medical services and non-medical services. The medical services business provides healthcare services with a primary focus on acquiring and restructuring hospitals. At December 31, 2007, Pacer operated three acute care hospitals, one geriatric psychiatric hospital and one rural health clinic. Its hospitals are geographically diversified across three states: Georgia, Kentucky and Louisiana. The non-medical services business provides transportation/logistics services for customers including warehousing and freight brokerage services.
Description and history
Pacer Health Corporation (Pacer), incorporated in 2003, is a diversified holding company with subsidiaries operating in the healthcare services and transportation/logistics services. The Company?s operations are organized into two segments: medical services and non-medical services. The medical services business provides healthcare services with a primary focus on acquiring and restructuring hospitals. At December 31, 2007, Pacer operated three acute care hospitals, one geriatric psychiatric hospital and one rural health clinic. Its hospitals are geographically diversified across three states: Georgia, Kentucky and Louisiana. The non-medical services business provides transportation/logistics services for customers including warehousing and freight brokerage services.
On April 1, 2007, Pacer entered into an agreement to sell, in substance, a minority interest of 40% of its wholly owned subsidiary, Pacer Health Management Corporation of Kentucky, to an unrelated third party. In March 2007, the Company amended its lease agreement with the Lower Cameron Hospital Service District (LCHSD) to provide for the funding of operational losses by the LCHSD through certain grants.
Medical Services
Most of Pacer?s general acute care hospitals provide medical and surgical services, including inpatient care, psychiatric diagnostic services and emergency services. The general acute care hospitals also provide outpatient services, such as outpatient surgery, laboratory, radiology, respiratory therapy and physical therapy. Psychiatric hospitals provide therapeutic programs including for adult psychiatric care, adult drug abuse treatment and counseling.
Non-Medical Services
Pacer focuses to be a third party logistics provider. It focuses on providing freight transportation and logistics services and to provide truck and less than truckload (LTL) modes of transportation. In addition to providing access to capital resources, the Company makes available a range of management services to all its lines of business. These services include, among other things, accounting, financial, tax and reimbursement management; administrative and clinical management and consulting; construction oversight and management; corporate ethics and compliance; education and training; employee benefits; HIPAA compliance for Pacer?s healthcare facilities; human resources management; information and clinical systems; internal auditing and consulting; legal management; managed care contracting for the healthcare facilities; materials management; physician recruiting and services management for the healthcare facilities; risk management, and revenue and cash cycle management.
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Business Line
Owns and operates acute care hospitals, skilled nursing facilities, psychiatric care facilities and rural medical treatment centers to serve residents in non-urban communities
Subsidiary
BRICK MOUNTAIN TRUCKING, LLC
Advisor
SALBERG & COMPANY, P.A.
IPO date
US SIC Code
8062
Company Address
7759, N.W. 146th Street
City province or state postal code
33016, MIAMI LAKES, FL
Phone: +1 305 828 7660
Fax: +1 305 828 2551
Country address: UNITED STATES OF AMERICA
Website url: www.pacerhealth.com
Tags: corporation, health, pacer
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