Transaction volume for home health, home care and other in-home care businesses dipped in 2023, with inflation, higher interest rates and global unrest contributing to the downturn. Many home-based care stakeholders anticipated M&A to rebound in 2024, however, thanks to increased loan activity in January, greater buyer-seller consensus and private equity’s record-high levels of “mature” […]
COVID-19 took a lot out of Americans, both personally and professionally. For Shelly Sun, the founder and then-CEO of BrightStar Care, 100-hour work weeks in 2020 and 2021 became commonplace. Sun was no stranger to hard work. She had led her company from a single location home care agency to a nationwide home care franchise […]
It was a turbulent start to the year for the health care giant UnitedHealth Group, driven by the cyberattack on Change Healthcare and a U.S. Department of Justice (DOJ) antitrust investigation. Amid the DOJ investigation, UnitedHealth Group’s planned acquisition of the home health company Amedisys Inc. (Nasdaq: AMED) came into focus, with reports circulating that […]
Home care agencies that are part of larger franchise networks get to reap the benefits of operating under established names and reputations. But that doesn’t stop franchise owners from thinking up various ways to stand out in the crowd. Franchise owners at companies like Always Best Care, Right at Home and Griswold Home Care are […]
When it comes to expanding their business portfolios, home health leaders can continue to do what they know best, or they can decide to branch out. Leaders at companies like Choice Health at Home and The LTM Group have found themselves in this exact position. As a result, they have created a framework for determining […]
UnitedHealth Group (NYSE: UNH) and Amedisys Inc. (Nasdaq: AMED) announced combination plans last June, under which home health giant Amedisys would become part of Optum. Amedisys had previously entered into an agreement to merge with infusion therapy company Option Care Health (Nasdaq: OPCH), but UnitedHealth Group’s offer, scale and complementary clinical capabilities were effectively too […]
Thanks to impactful, large-scale transactions over the last decade, the collective face of home-based care has changed forever. Traditional providers in both home health care and personal home care have merged. Payers became involved in the home-based care space like never before. Of late, retailers have too. But it’s often easy to forget how the […]
At a time when home care providers are constantly trying to bring new caregivers to keep up with the increased demand for care services, some companies have gained a reputation for having a highly selective hiring process. Leaders at companies like BrightStar Care and Tribute Home Care believe that valuing quality over quantity has worked […]
With the need for long-term services and supports (LTSS) growing, Medicare Advantage (MA) plans are positioned to offer home-based care services through supplemental benefits. That’s one key takeaway from a new data brief from the research and advisory firm ATI Advisory, though MA plans haven’t always been the best administrators of home care. The report […]
Every home-based care provider wants to recruit and retain better this year than they did last year. But that’s easier said than done. Companies are constantly tinkering with their approaches to attract and retain skilled professionals, and are doing so in 2024 yet again. Between new recruiting processes, career advancement opportunities and more technology, there’s […]
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