AcuityHealthcare announces they are the first 100% employee owned long term acute care hospital in the country
AcuityHealthcare, LP announces its transition to an employee-owned company via the implementation of an Employee Stock Ownership Plan (ESOP). An ESOP is a special kind of retirement benefit plan, in which employees are rewarded for their service and receive ownership through the granting of shares of stock. Acuity Healthcare is a long-term acute care hospital (LTACH) provider and the first employee-owned LTACH company. Currently, it is the only 100% employee-owned hospital company in the country.
“We are honored to set a new standard, which will ultimately change the way the healthcare industry recognizes its employees,” said AcuityHealthcare CEO Ed Cooper. “The driving force behind the decision to sell the company to our employees was the desire to establish a plan to preserve the company legacy, its culture, and, most importantly, our commitment to employees.”
“We believe the ESOP fits within our company’s culture of giving back to our communities and recognizing our staff for their commitment to excellence in patient care,” Cooper added. “We have always taken a very progressive approach to the business of healthcare. We started AcuityHealthcare in 2001 without outside investors, growing instead through the hard work of our employees, physicians and support of our community.”
AcuityHealthcare, LP is a privately owned long-term acute-care hospital company founded in 2001, with headquarters in Charlotte, North Carolina. Acuity currently owns and manages twelve LTACHs in New Jersey, Ohio, North Carolina, Texas and Arizona. ICON Hospital in Humble is an AcuityHealthcare Hospital.