PurposeCare – a relatively new and quickly growing home-based care provider – has acquired the St. Joseph Michigan-based Home Sweet Home In-Home Care. Backed by Lorient Capital, PurposeCare is a provider of both clinical and non-clinical home-based care. Since it launched in 2021, the company has grown through the acquisitions of other home-based care providers […]
Giving Home Health Care has secured a $300 million credit facility led by Brightwood Capital Advisors. With that backing, GHCC plans to grow its patient population significantly. Acquisitions and de novos are on the table, but for now, the company is figuring out how to get the most of the markets that it already serves. […]
Modivcare Inc. (Nasdaq: MODV) has announced a new president of its rapidly-growing home division in Anne Bailey. Bailey is new to the organization. As president of the home division, she will take charge of a business segment Modivcare is banking on for growth. The home division specifically includes personal care, remote patient monitoring and meal […]
Amedisys Inc. (Nasdaq: AMED) has a new CEO. During the transition of power, we are likely to find out a lot about what the company’s future looks like. As one of the largest, independent aging-in-place providers in the country, Amedisys’ next moves will send ripple effects throughout the home health and hospice space. And, by […]
Since the Centers for Medicare & Medicaid Services (CMS) began allowing Medicare Advantage (MA) plans to offer supplemental benefits, those benefits’ popularity has skyrocketed. Those benefits, broadly, fall into two categories: Expanded Primarily-Health Related Benefits (EPHRB) and Special Supplemental Benefits for the Chronically Ill (SSBCI). Their existence alone has changed how home care providers interact […]
Amedisys Inc. (Nasdaq: AMED) Chairman and CEO Paul Kusserow hit it off right away with Richard Ashworth, the man who will be taking over the CEO role from him in April. That was – at least in part – a reason why Amedisys was able to deliver on what Kusserow called a surprisingly “quick” hiring […]
Amedisys Inc. (Nasdaq: AMED) has its new CEO. After a four-month-long search, the company’s board has named Richard Ashworth to the role. He will also serve as president. Ashworth is new to the company, unlike former CEO Chris Gerard, who was terminated from the company last November. He will officially take over on April 10. […]
Help at Home expands Georgia footprint The Chicago-based Help at Home continues to grow. Last week, the company announced that it agreed to acquire Prosper Home Care, a home care provider based in Atlanta. “Adding Prosper Home Care to the Help at Home family allows us to bring like-minded organizations together to address the growing […]
Shortly after COVID-19 entered our collective lexicon, investments began pouring into the health care industry. The warts on the U.S. health care system that COVID-19 exposed were enough for lenders, backers and buyers to continue to throw money at the companies – or even ideas – that could cover up or eradicate those warts. Home-based […]
Retention, rather than recruiting, has become the primary staffing focus for many home-based care organizations. And that’s for good reason. Retention leads to better outcomes, less costs associated with recruiting and positive feedback loops. Addus Homecare Corporation (Nasdaq: ADUS) has its turnover rate all the way down to below 55%, a massive improvement from the […]
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