Is the Washington Post going to cash in on Obamacare?
We’re not just a media company, we’re a health care company, now, too? Interesting.
The Post Co.’s foray into health care takes the company in a new direction. In addition to its flagship newspaper, the company owns Kaplan education businesses, a cable unit and half a dozen local broadcast television stations.
The Washington Post Co. said Monday that it has agreed to acquire a majority stake in Celtic Healthcare, a provider of skilled home health-care and hospice services in the northeastern and mid-Atlantic regions.
The purchase price was not disclosed, but Donald E. Graham, chief executive of The Washington Post Co., said in a statement that the acquisition is “part of the Post Co.’s ongoing strategy of investing in companies with demonstrated earnings potential and strong management teams attracted to our long-term investment horizon.”
via The Washington Post.