Majority interest bought in Celtic
October 17, 2012
ADAMS TWP — The Washington Post Co. has bought a majority interest in the Butler County-based Celtic Healthcare. Celtic Healthcare, with headquarters at 150 Scharberry Lane, is a skilled home health care and hospice services provider for the northeastern and mid-Atlantic states. Arnie Burchianti, Celtic’s founder and CEO, will continue to run the business as CEO and co-owner. Neither company has named the purchase price. In a news release announcing the sale, Donald Graham, chairman and CEO of Washington Post, said the deal is part of his company’s “ongoing strategy of investing in companies with demonstrated earnings potential and strong management teams.” In a news release, Burchianti characterized the sale as “a landmark event for our company.” “It positions Celtic for continued growth by combining our strong leadership, technology and expertise in delivering patient-centered care with the financial resources, long-term investment commitment and corporate values of The Washington Post Co.” Celtic Healthcare currently has 600 employees with between 250 to 300 of those employees in the Western Pennsylvania region. The company has seven offices in Pennsylvania and two in Maryland.