Appearing alongside international heavyweights like McDonald’s and Hilton Hotels, several home care companies have made Entrepreneur magazine’s new rankings of the top global franchises. Interim HealthCare was the top-ranked home care franchise, coming in at No. 19 on the 200-company list. The list is based on data submitted to Entrepreneur for the publication’s annual Franchise […]
Encompass Health (NYSE: EHC) has two primary concerns with the proposed Patient-Driven Groupings Model (PDGM) for Medicare home health payments. The Birmingham, Alabama-based organization is one of the largest home health providers in the nation, with more than 198 locations across the country. The company is also the largest inpatient rehabilitation facility (IRF) operator in […]
The U.S. Department of Labor has updated guidance that its field staff will use in investigating home care registries to determine whether they are directly employing workers. It is a “longstanding position” of the DOL that the typical home care registry does not directly employ caregivers, according to the July 13 bulletin. However, registries become […]
Home health merger and acquisition activity continued at a healthy clip in the second quarter of 2018, with 21 publicly announced deals. That’s up from 12 acquisitions in Q2 2017, according to newly released data from market intelligence firm Irving Levin & Associates. On a quarterly basis, deal volume dipped slightly; there were 23 publicly […]
After a 14-year career in finance, Gregory Solometo founded Alliance Homecare. Today, the company is building on its reputation for providing high-end services as it expands in and beyond the nation’s largest metropolitan area. Based in Manhattan, Alliance’s service area includes New York City and the nearby counties of Nassau, Suffolk, Rockland and Westchester, and […]
Kindly Care—a startup that helps clients find, hire and manage at-home caregivers—has raised $5.4 million in a Series A round and is planning to expand to the East Coast for the first time. The company has also backed away, for the moment, from sharing workers with home care agencies through a platform dubbed Care Exchange. […]
Earlier this year, a three-way merger created one of the largest home health providers in the United States, and the combined company now is rebranding as “Elara Caring.” The merger, which closed in May, unites Jackson, Michigan-based Great Lakes Caring; Cromwell, Connecticut-based National Home Health Care; and Addison, Texas-based Jordan Health Services. Backed by private equity […]
Insurance giant Humana (NYSE: HUM) now officially owns a stake in the nation’s largest home health and hospice provider, and investors appear to be excited by this development. Humana’s share price hit its highest-ever peak last Thursday, trading at $319.44, according to Yahoo Finance data. The Louisville-based company’s moves into the home health and hospice […]
Jonathan Fleece Named Tidewell Hospice CEO Stratum Health System and Tidewell Hospice have a new leader. Jonathan Fleece has been named the CEO of those organizations by the Stratum Board of Trustees, succeeding current CEO Gerard Radford. Tidewell is one of the largest nonprofit hospices in the United States. Its administration office is located in […]
Two health systems are reportedly working with Amazon (Nasdaq: AMZN) and a startup called Xealth, with plans to launch a pilot program that could ease patients’ transition between hospital and home. “The idea behind the pilot, which is still under review and is slated to start in a matter of months, is to provide patients […]