One of the fastest-growing home care franchise companies, Synergy HomeCare, has continued to reach new growth milestones. Last year, the company sold 52 territories, a 37% increase compared to 38 territories in 2020. Synergy CEO Charlie Young credits the company’s continued momentum for its success. “If you look back over the last 24 months, we’ve […]
Category: Franchises
Diversifying revenue is a priority for many private-pay heavy home care owners. To do so, some are starting to turn toward newer opportunities like Medicare Advantage and hospital-at-home models. Others, however, are turning to a familiar but sometimes overlooked partner: the Department of Veterans Affairs (VA). The VA is the part of the federal government […]
The home care franchise model calls to mind the old idiom of “a chain is only as strong as its weakest link.” That’s because the business model relies on having a network of strong franchisees for its overall success. For the franchisees, or owners, that make up these networks, this means navigating challenges in service […]
The past few years have seen private equity players plant a flag in the home care space, particularly in the franchising world. In 2021, this trend has only increased with the heightened demand for home care services. Roughly $66 billion in PE investment went out to various health care sectors in 2020, a 21% increase […]
Honor is back in the spotlight in a big way, just two months after it announced its industry-shaping acquisition of Home Instead. The San Francisco-based company announced Tuesday it has raised $70 million in Series E funding, in addition to securing $300 million in debt financing. Honor has earmarked the funds to further invest in […]
Since last spring, home care companies have had to battle through an ongoing pandemic and a worsening labor crisis. They’ve had to face those challenges, too, while trying to meet the needs of a rapidly growing U.S. senior population. In many ways, it has felt like trying to stay afloat in an endless wave pool, […]
Right at Home has teamed up with the National Minority Health Association (NMHA) and its COVID-19 vaccination reward program, Flex for Checks. “It’s a really great holistic program that we are pretty excited about,” Kerin Zuger, chief of strategic growth at Right at Home, told Home Health Care News. Right at Home has more than […]
Home Helpers Home Care announced Monday that it’s rolling out a new service offering to fill care gaps and reduce preventable hospital admissions. The private equity-backed franchiser’s rollout comes as more non-medical home care organizations boost their care capabilities to better serve potential payer and referral sources. Home Helper had spent much of the past […]
Several of home care’s biggest names made it on to Fortune’s “Best Workplaces in Aging Services” list for 2021, including several that have earned the recognition in the past. Released Friday, the Best Workplaces in Aging Services list is put together each year by Activated Insights, a subsidiary of Great Place to Work. The ranking […]
Best Life Brands, a holding company that has a portfolio of companies across the care continuum, announced Thursday the launch of its newest franchise brand: Boost Home Healthcare. Backed by the private equity firm The Riverside Company, the Bloomfield Hills, Michigan-based company’s arsenal already includes the personal home care provider ComForCare — known in the […]