As health care market shifts, the nonprofit Visiting Nurse Association of Greater Philadelphia, founded in 1886, is closing Monday
The VNA's parent company, PHMC, blamed consolidation by for-profits for its inability to operate sustainably The Visiting Nurse Association's of Greater Philadelphia opened an inpatient hospice facility at the former MCP Hospital in East Falls in 2009. The service was moved in 2023 to West Philadelphia.
Private-equity firms have been active in the Philadelphia region’s home care and hospice market. Big private-equity firms like Bain Capital, Madison Dearborn Partners, and Thomas H. Lee Partners are among those with companies that compete with VNA.nonprofit that is one of the nation’s largest home-care companies, in a deal valued at $31.7 million for Jefferson.