FirstLight Credits Alliances for 98% Franchise Revenue Growth
Cincinnati, Ohio-based FirstLight HomeCare reported that the gross revenue of all of its franchise locations totaled $52 million for 2015, representing a 98% increase over the franchise locations’ full-year 2014 revenue.
The non-medical, in-home care service franchise company has also grown from 122 locations to 165 in the past year, according to a press release.
“Our national alliances have contributed greatly to our increases in revenue,” Bill McPherson, executive director of franchise development at FirstLight, told Home Health Care News.
The FirstLight corporate office contracts with large insurance companies, as well as worker’s compensation and case management companies, which provides an additional revenue stream for franchise owners, McPherson explained.
The company has a positive outlook for future industry growth.
“In-home senior care is a need that is going to grow significantly in the next few years,” FirstLight HomeCare CEO Jeff Bevis said in a prepared statement. “That means the demand for the quality, affordable non-medical home care services FirstLight HomeCare provides is going to continue.”
FirstLight has locations in 31 states that collectively provide 50,000 hours of service to clients in 165 territories per week. The company offers complete non-medical companion and personal care services for seniors, new mothers, individuals recovering from surgery and others who require assistance.
Written by Mary Kate Nelson