Editor’s Picks: Home Health M&A, Hometeam’s $27.5 Million Funding
This week, Home Health Care News readers tuned in to read about trends in the home health merger and acquisition environment, and also learned about one company raising $27.5 million. They also discovered some of the top home care franchises in the industry, and read up on how one agency uses data to drive success.
Here in the newsroom, we were intrigued by a robot suit designed to make you feel 100 years old.
Hometeam Scores $27.5 Million from Investors—After a year in which home care startups secured eye-popping sums from investors, 2016 has started out with yet another extraordinary funding: New York-based Hometeam on Monday announced a $27.5 million Series B round. The capital will go toward supporting the development of new tools for caregivers, clients, family members and health system partners, as well as the company’s expansion into eight to 10 new markets this year.
The 12 Best-Liked Home Care Franchises—Home Instead Senior Care and Visiting Angels are among the home care companies that franchisees like best, according to a report by Franchise Business Review, a national franchise market research firm that performs independent surveys of franchisee satisfaction and franchise buyer experiences.
Competition Heats Up in Home Health M&A Market—Merger and acquisition activity within the home health sector surged in 2015, and industry professionals predict a robust year ahead, as well. Property valuations may be preventing some major players from completing desired deals, though, and word is that pricing has yet to reach a peak.
How One Agency Uses Data to Drive Success—As health care services transition to the digital age, one of the most essential elements of a successful home health agency is its ability to track, capture and share data that shows improving patient health outcomes. In fact, data has the potential to make a home health agency a valuable partner in the health system, says Marvin Javellana, CEO and founder of Des Plaines, Illinois-based Better Care Home Health, Inc.
This Robot Suit is Designed to Make You Feel 100 Years Old—Earlier this week, insurance company Genworth Financial unveiled a robotic exo-suit that shows wearers what it feels like to be old. The concept reminded us of a dementia simulator that reporter Jason Oliva experienced.
Written by Kourtney Liepelt