Business Briefs: GTCR to Buy GreatCall
GTCR to Buy GreatCall
GTCR, a private equity firm headquartered in Chicago, plans to buy connected health company GreatCall, according to a press release.
San Diego-based GreatCall is the largest provider of connected health and personal emergency response services for active aging and serves over 800,000 subscribers across the U.S. The company’s product portfolio includes hardware connected to agents who can answer questions, dispatch emergency personnel, connect to family caregivers and provide additional concierge services.
The acquisition is expected to close in the third quarter of this year. The deal’s financial terms were not disclosed.
Always Best Care Senior Services Expands to San Antonio
Always Best Care Senior Services opened its first franchise in San Antonio, according to a press release. The opening marks the company’s ninth location in the state of Texas.
Always Best Care of Northern San Antonio now provides senior care services in San Antonio and its surrounding communities. The home care location is owned and operated by husband-and-wife team Wendy and Patrick O’Kane, who plan to hire up to 120 caregivers from the local community.
Always Best Care, which is based in Roseville, California, has an international network of more than 200 independently owned and operated franchise territories throughout the U.S. and Canada.
Compassus Opens Pennsylvania Location
Compassus, a national network of community-based hospice, palliative and home health care programs, opened a new location in Lancaster, Pennsylvania. The hospice program now serves patients and families in Lancaster, Lebanon and York counties, according to a press release.
Compassus is a Nashville, Tennessee-based company that has 4,500 employees at 151 locations in 32 states.
New York City Hospital Swapping Home Health Care Providers
Brooklyn-based NYU Lutheran is switching to a new in-home health care provider later this summer.
Community Care Organization, the nonprofit NYU Lutheran worked with, is set to close by the end of August and be replaced by VIP Health Care Services, reports the Sunset Park Patch.
About 262 employees will be affected by the closure, but they’ll have the chance to work for VIP Health Care Services and continue to care for the same patients.
Comprehensive Wellness Services Gets New Financing Facility
Alleon Healthcare Capital will provide a $1,500,000 medical accounts receivable financing facility for Comprehensive Wellness Services, according to a press release.
Comprehensive provides preventive health programs and coordinated home health care services to seniors. It also has skilled nursing care, psychiatric nursing and skilled therapy services.
The new financing facility is meant to help with Comprehensive’s working capital needs and growth objectives, the release notes.
Written by Tim Regan