Joining the club
Compiled by James M. Gomez, Times staff writer
Candle Subacute Services Inc., a privately owned company in Irvine, has become a member of the merger mania club.
Employees at the small health care contractor will now be getting their paychecks from Vencor Inc., a $212-million, Kentucky-based owner and operator of hospitals and nursing care facilities for the the chronically ill.
Vencor, which specializes in treating patients who need long-term life support, bought Candle Subacute Services for an undisclosed sum. Candle Subacute Services officials declined comment on the deal and Vencor officials did not return phone calls.
Candle Subacute Services has 15 contracts to provide health care services for the chronically ill to hospitals and nursing homes throughout Southern California.
