Arosa+LivHome announces fifth acquisition of 2019
Arosa+LivHome has agreed to acquire The Cameron Group, an Orlando, Florida-based care management and home care agency.
On top of that, the Bain Capital Double Impact-backed provider announced the acquisition of Senior Care Management Associates (SCMA) and Companion & Home Care, both located in North Carolina.
Financial terms of the three deals were not disclosed.
The new additions will add about 100 to 200 patients to Arosa+LivHome’s census, according to CEO Ari Medoff, while also marking the provider’s fifth acquisition of the year and propelling it into a new state: Florida.
“Expanding to Florida is strategic, as rumor has it that it is a popular place for retirees,” Medoff told Home Health Care News. “In particular, there is a big opportunity to grow our care management practice in Florida as many seniors there do not have children nearby to help guide them as they age.”
Arosa+LivHome was formed in October 2018 after the combination of two regional health care companies: Arosa and LivHome. Currently, Arosa+LivHome operates 18 offices in California, Illinois, Texas and North Carolina — where it also recently acquired Forever Young Home Care to strengthen its presence in Greensboro.
Similarly, the acquisitions of Senior Care Management Associates in Durham and Companion & Home Care in Emerald Isle were strategic.
“SCMA brings care management to North Carolina, which was the only geography where we did not already have care management,” Medoff said. “Companion & Home Care is a high-quality home care provider that extends our reach in North Carolina to an affluent and growing coastal region.”
Arosa+LivHome will continue to look for growth opportunities in the months to come, Medoff previously told HHCN.
“We have several other opportunities that we are pursuing, and [we] continue to grow both organically and through acquisition in both home care and care management,” he said.
Honor adds 5 new agencies to network
Five new home care agencies have joined Honor’s network, expanding the home care startup’s footprint in Southern California.
Additions include Optimal Senior Care Solutions and Care Assist Services in Orange County; Love2Live Care Services and Home Care of La Jolla in the San Diego area; and CGT Home Care Services in Los Angeles County.
Since launching in 2014, San Francisco-based Honor has raised $115 million.
In that time, the company also changed its model to focus on teaming up with independently owned and operated agencies by taking over operational tasks such as caregiver recruiting, on-boarding and training, in addition to day-to-day logistics.
In return, Honor gets a share of an agency’s revenue, members of the network previously told HHCN. Meanwhile, the company says home care agencies see an average of 40% growth after one year in Honor’s network.
Currently, Honor Care Network operates in more than 700 cities and towns across four states: California, New Mexico, Texas and Arizona. The company plans to expand into its fifth state by the end of the year, according to a press release announcing the news.
“The most important thing is to create a high quality, super consistent nationwide network of home care,” CEO Seth Sternberg recently told HHCN. “We are always looking for those really great partners. We have these amazing partners who have spent decades-plus on home care, and they make us better.”
AdhereHealth partners with Papa
Grandkids on Demand startup Papa has found a new partner in AdhereHealth, a tech company focused on medication adherence. The goal is to address social determinants of health to improve prescription adherence, as well as overall health.
“Our analytics and clinical workflows will help direct Papa Pals to address a myriad of SDOH issues our consumers face, such as transportation to doctor appointments and local pharmacies, grocery shopping, housing chores, and other senior services,” AdhereHealth CEO Jason Rose said in a press release.
Papa was launched in 2017 by co-founders Alfredo Vaamonde and Andrew Parker. Its services are currently available in Miami, Tampa and Orlando, Florida.
The membership-based platform deploys college students with nursing, social work or hospitality experience to seniors for companionship or assistance with services such as transportation. The helpers are called Papas Pals.
Last year, the company teamed up with Humana Inc. (NYSE: HUM) on a pilot program that gave Humana’s Medicare Advantage (MA) members access to Papa’s services.
Similarly, AdhereHealth will be able to send Papas Pals to consumers at risk for poor health outcomes for in-person support.
“Collaborating with AdhereHealth will allow Papa’s team of personal companions to make an intergenerational impact on the most vulnerable in our society, providing them the freedom to age in place while having an advocate at their side to aid them in the journey through health care,” Andrew Parker, founder and CEO of Papa, said in the press release.