Last year, WellBe Senior Medical positioned itself as the “general contractor” for home-based care patients. “We’re like the advocate and navigator … when you’re building a home, you’ve got plumbers, you’ve got electricians, you’ve got masons. You’re not an expert, so you hire a general contractor to figure all that out. We can fill that […]
Spa services, discounts to local businesses and access to ride-share services are just some of the unique employee benefits that companies across home care have made available to caregivers over the years. Amid a persistently challenging labor market, home care companies are still constantly working on configuring the best possible employee benefits package for caregivers. […]
Personal home care providers have begun to ditch blanket approaches, instead opting for more patient-by-patient specificity. Going further to meet individual client needs enables home care to make a greater impact, while also increasing client satisfaction. “One of my favorite geriatricians once said, ‘If you’ve seen one senior patient, you’ve seen one senior patient,’” Senior […]
Three years after being acquired by Advocate Aurora Health, Senior Helpers has a new home. The personal care company has been sold to Waud Capital, a Chicago-based middle-market private equity firm. Senior Helpers declined to disclose the transaction purchasing price. The wheels for the acquisition began turning following Advocate Aurora’s merger with Atrium Health in […]
Most buyers in home health and personal care are signaling they’ll be more active in the M&A market this year. That’s according to a new Mertz Taggart report, which included responses from over 50 potential home-based care buyers. Nearly 80% said they planned to be more acquisitive in 2024 compared to 2023. But some of […]
UnitedHealth Group’s (NYSE:UNH) planned acquisition of Amedisys Inc. (Nasdaq:AMED) is catching further scrutiny. Late Wednesday, a report suggesting that the Department of Justice is considering a lawsuit to block Optum’s takeover of Amedisys surfaced. The deal was first agreed to in June of last year. The news comes just a few weeks after the DOJ […]
Building a successful and sustainable caregiver training program in personal home care demands meticulous planning and execution. From defining leadership responsibilities to establishing a comprehensive training schedule, every aspect plays a pivotal role in shaping the program’s effectiveness. Strong training programs and ongoing education also go a long way in retaining caregivers in an industry […]
There’s a potential storm brewing in New York state due to Gov. Kathy Hochul’s executive budget for 2025. The budget proposal includes over $1 billion in cuts to the states’ home care programs. The move is an effort to reduce Medicaid spending. The budget proposal cuts, which was released on Jan. 16, would directly impact […]
Despite the rising cost of home care services, some high-end and concierge home care agencies have been able to maintain their market footholds. After years of increasing costs, the services costs across many senior care sectors have begun to stabilize. Home care, however, is a notable exception. Last year, home care aide services saw a […]
After the ink dries following a transaction in the home-based care space, the question of whether to rebrand newly acquired locations sparks an interesting consideration. While some companies swiftly integrate acquired businesses into their brand and splash their logo, marketing materials and likeness on the newly acquired assets, others opt to maintain the selling company’s […]
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