Business Briefs: The Corridor Group Acquires Transpirus
Corridor Group Acquires Transpirus
The Corridor Group Holdings has acquired Transpirus, a leading national provider of outsourced coding, revenue cycle management and strategic consulting solutions for the home health and hospice industry.
With the transaction, Corridor becomes the largest national provider of full service revenue cycle, clinical documentation review, advisory and education services dedicated to home health and hospice.
“Transpirus is a top service provider in our space, with expert staff and an excellent reputation for quality,” Des Varady, CEO of Corridor, said in a press release. “Combining with Transpirus strengthens Corridor’s ability to deliver services at scale and in a tailored way to meet each client’s needs. Additionally, both companies have unique capabilities in technology, consulting and education that further expand the value we can deliver together.”
As part of the transaction, former CEO of Gentiva Health Services Ron Malone, who is now principal of Transpirus, will join Corridor’s board of directors.
“Corridor has a strong reputation for delivering quality services,” Malone said. “The combination of Corridor and Transpirus will leverage our joint capabilities and enhance offerings to our customers.”
The transaction was completed on December 23, 2016.
Always Best Care Announces New Owners
The Philadelphia Main Line location of Always Best Care has been acquired by Michael Friedberg and his partner Di Guo, and will be a family-operated business. The location provides senior care services to those in the Philadelphia metro area and surrounding areas.
Michael’s parents, Richard and Ramona Friedberg, operate the business. They previously owned and operated private vocational schools where they taught, as well.
“We are very happy to have the Friedberg family join Always Best Care,” Jake Brown, president of Always Best Care, said in a press release. “Richard, Ramona and Michael bring a special skill set to our brand, and we feel confident in the level of care they will provide to the Main Line area.”
Michael and Di each own information technology companies that have clients in the public and private sector in a variety of industries.
“Spending most of our lives in the Main Line area, we noticed there was a growing demand for senior services given the aging general population,” Richard Friedberg said. “Providing care to those in need is very close to Ramona’s heart, and mine. We are very sensitive to the personal needs of others and know what it’s like to be caregivers. Always Best Care’s beliefs and wide range of services, as well as its reputation in the industry, made it the natural fit for our family.”
SAFE HOMECARE Opens New Location
Provider of non-medical in-home care SAFE HOMECARE has opened a new franchise location in Aurora, Colorado.
“SAFE HOMECARE is just beginning its national rollout of franchise locations across the United States, forecasting to award nine new franchise locations in 2017,” Adam Krueger, COO of SAFE HOMECARE, said in a press release. “The demographic surge in demand is just beginning to explode with 10,000 people in American turning age 65 every day for the next 20 years.”
Since it was founded in 2014, SAFE HOMECARE is offering franchise opportunities in 33 states.
“SAFE HOMECARE has very high standards of care, professionalism and accountability,” Jeff Krueger, CEO, said. “We know what a great business opportunity SAFE HOMECARE locations will be, and accordingly, we are very selective in awarding franchises to prospective franchisees who recognize the tremendous business opportunity in this booming market.”
Senior Service Provider Enters Partnership for At-Home Continuing Care Program
Friends Life Care Partners, which provides wellness programs, home health care and other personal care services to seniors in the Philadelphia and Delaware areas, and SpiriTrust Lutheran, which provides outreach services to families and seniors in York County, Virginia, are partnering together to launch a continuing care at home program.
“We are delighted to join resources with SpiriTrust Lutheran and bring our distinctive services to the people of central Pennsylvania,” Carol A. Barbour, president of Friends Life Care, said in a press release. “Friends Life Care’s philosophy is centered upon vitality, independence, growth and resilience and enables us to launch and maintain a strong partnership with SpiriTrust Lutheran.”
The program, set to launch early this year, aims to give older adults another option to remain at home longer.
“Friends Life Care offers the first and largest continuing care at home program in the country,” Angela Dohrman, senior vice president and COO for SpiriTrust Lutheran, said. “The Friends Life Care program provides a truly unique combination of care coordination and financial benefit needed to help insure older adults have the resource and support that they will need to remain in their own homes as they age. If home care is ever needed, it will be coordinated by Friends Life Care and provided by SpiriTrust Lutheran’s trusted network of caregivers.”
Health Care Company Rebrands Home Care Services
Penn Highlands Healthcare, located in Pennsylvania, is condensing its four home care agencies into one.
The agencies will still continue to serve in the same areas throughout the state, but will eliminate some challenges that came with operating four agencies, including overlapping service areas, duplication of efforts and different computer and software programs.
The first step was changing the name for all agencies to Penn Highlands Community Nurses. Over the next few months, operations will be streamlined by establishing a central office for administrative, intake and billing services.
Northwell Health Expands Telehealth
Northwell Health is partnering with telehealth solution provider Avizia to expand its telehealth services. Northwell has 21 hospitals and more than 550 outpatient practices throughout the New York metropolitan area, including home care services.
The goal of the partnership is to expand Northwell’s electronic intensive care unit program, which is already in place, as well as the telestroke program that allows neurologists to evaluate stroke patients quickly when an emergency medicine team arrives.
The expansion includes a new implementation of telemonitoring services for home-care patients that use tablets and Bluetooth devices to monitor vitals and record data.
Written by Alana Stramowski