Business Briefs: Executive Care Partners with Lyft
Executive Care and Lyft Secure Partnership
Full-service home health care provider, based in Hackensack, New Jersey, Executive Care has partnered with ride-hailing company Lyft to arrange rides to its clients and caregivers.
Executive Care clients will be able to request a ride at any time by calling their local Executive Care office—no app or smartphone necessary. Those setting up the rides will use Lyft’s Concierge tool, which allows a third party to book rides for riders.
The partnership also allows Executive Care clients to travel with their caregivers.
Owens & Minor Acquires Byram Healthcare
Health care services company Owens & Minor, Inc. (NYSE: OMI) has signed a definitive agreement to acquire Byram Healthcare, which distributes medical supplies to home health agencies and patients. The purchase agreement is approximately $380 million in cash, according to a press release.
The acquisition is anticipated to contribute approximately $450 million in incremental annual revenue for Owens & Minor. The transaction is expected to close in quarter three of 2017 and will have limited impact on 2017 earnings, but will be modestly accretive in 2018.
FHS SeniorCare to Partner with Ankota
FHS SeniorCare Payment Solutions announced it will partner with home care management software solution provider, Ankota, to integrate FHS’ third party billing solutions with Ankota’s home care agency management Software-as-a-Service platform.
The integration will deliver a complete end-to-end solution for agency management, billing and revenue cycle to the private duty home care market, according to a press release.
In addition, integration will give home care agencies that use FHS access to the company’s network of more than 300 third party payers and to FHS’ billing solutions. Agencies will be able to streamline their billing with long-term care insurance, Veterans Administration, workers’ compensation and additional payers.
FirstLight Home Care Franchise Named Franchise of the Year
Non-medical home care franchise FirstLight Home Care named its Myrtle Beach location as Franchise of the Year.
Franchise of the Year award winners were evaluated based on criteria such as: third-party client satisfaction survey scores, caregiver retention, quality of service provided, and year-over-year revenue growth.
Since the opening of its first location in 2010, FirstLight is now operating over 145 locations in 32 states in America.
Written by Alana Stramowski