Fortis Health has purchased Physiocare Home Health and Hospice, a Medicare-certified home health and hospice provider that operates in Indiana. Grant Avenue Capital — a middle-market private equity firm — provided the equity financing for the transaction. “We are extremely excited about the opportunity to partner with Physiocare and expand our existing services in Indiana,” […]
Home care companies have always had to deal with a gray market in senior care, or an “underground” caregiver workforce. But as the cost of providing care continues to rise, providers may find themselves in more of a bind than before. Broadly, caregivers that are part of the underground workforce are individuals who are unaffiliated […]
AccentCare appoints Saurabh Gupta as its CFO AccentCare has named Saurabh Gupta as its new chief financial officer. The appointment is effective Jan. 8, 2024. Prior to this appointment, Gupta was CFO at Envision Medical Group. Before that, he served as senior vice president for financial planning and analysis at Steward Health Care, one of […]
WellBe Senior Medical has received an investment from CVS Health Ventures, the corporate venture capital arm of CVS Health (NYSE: CVS). The company did not disclose the investment amount. The funds will further fuel WellBe’s national expansion. Currently, the company operates in seven states across the U.S. Most recently, it set up shop in Oregon. […]
Though the winds in Best of Care’s neck of the woods are blowing in a favorable direction, CEO Kevin Smith is always prepared for a change in weather. “You’re always one regulatory, or legislative or sweeping change away from having something dramatically impact your business model,” Smith said during Home Health Care News’ latest episode […]
Over the years, Walgreens Boots Alliance (Nasdaq: WBA) has increasingly shifted its focus to the company’s U.S. Healthcare services segment. On Thursday, the retail giant made it clear that beefing up this arm of its business, and further solidifying its place in the health care sector, is still a priority. “We are on a path, […]
Two home-based care providers – Compassus and the Pennant Group (Nasdaq: PNTG) – have expanded their JV portfolios this week. On Wednesday, Compassus and Ascension announced the expansion of their Tennessee-based home health partnership, which is dubbed Ascension Saint Thomas at Home. Subsequently, Ascension Saint Thomas at Home’s service area now covers 17 Tennessee counties […]
Wellness isn’t just a health care buzzword. In fact, it’s what’s driving business strategies across the senior care continuum. Providers of all shapes and sizes are looking to achieve wellspan, and executives at organizations like Humana Inc. (NYSE: HUM) and Lifespark are doing so by leveraging data, care coordination and more. For Humana, a major […]
As home care leaders begin to strategize for 2024, part of the process will be identifying the challenges they believe will be main characters next year. Oftentimes, home care leaders will point to labor as the biggest challenge in the space. While labor is and will continue to be an issue, there are also other […]
Some of the best stories are the ones that might not have made the biggest splash, initially. That’s why, as the year comes to a close, Home Health Care News wanted to take a look back and call attention to some of our favorite under-the-radar stories. These stories cover the most well-known companies in the […]
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