Transactions: ShiftMed Buys CareerStaff Unlimited; Nova Leap Purchases Massachusetts Provider

ShiftMed — a staffing platform — has acquired CareerStaff Unlimited from Genesis HealthCare, a long-term care services provider. “The integration of CareerStaff with ShiftMed allows us to fulfill 100% of our clients’ On Demand needs through one workforce platform,” Todd Walrath, CEO of ShiftMed, said in a press statement. “By merging ShiftMed’s acclaimed mobile-first suite […]

‘This Final Rule Is A Double Whammy’: What Home-Based Care Providers Should Know About FTC’s Non-Compete Ban

On April 23, the Federal Trade Commission (FTC) voted 3-2 to finalize a new rule largely prohibiting employers from enforcing non-competes against workers. While the regulatory timeline on the non-compete ban is fairly immediate, the rule will face intense legal pressure from a variety of groups, mainly of which will come from health care. Regardless […]

The M&A Strategies Behind HouseWorks, Care Advantage And PurposeCare

Home-based care stakeholders are navigating a very different environment than they were in the past. No one understands that better than prolific acquirers like HouseWorks, PurposeCare and Care Advantage. All three companies are doing unique things to maintain growth in 2024, however. Firstly, over the last few years, there has been a vast chasm between […]

With Medicaid Access Rule Finalized, Home Care Providers Enter ‘Wait-And-See’ Mode

On Tuesday, Centers for Medicare & Medicaid Services (CMS) officials vehemently backed the thought process behind the “80-20” wage mandate in home- and community-based services (HCBS). Providers and advocates, on the other hand, continued to argue that the policy could be disastrous. During a press call Tuesday, CMS stuck with the theme that, in general, […]

‘We’re Seeing Tons Of Opportunity’: Home-Based Care Buyers Deploy DIY M&A, Earnout Structures In 2024 Dealmaking Strategies

Transaction volume for home health, home care and other in-home care businesses dipped in 2023, with inflation, higher interest rates and global unrest contributing to the downturn. Many home-based care stakeholders anticipated M&A to rebound in 2024, however, thanks to increased loan activity in January, greater buyer-seller consensus and private equity’s record-high levels of “mature” […]

Scam Prevention And Therapy Dogs: How Franchise Owners Are Setting Their Home Care Agencies Apart

Home care agencies that are part of larger franchise networks get to reap the benefits of operating under established names and reputations. But that doesn’t stop franchise owners from thinking up various ways to stand out in the crowd.  Franchise owners at companies like Always Best Care, Right at Home and Griswold Home Care are […]

Exploring What An Amedisys Divestment Strategy Could Look Like

UnitedHealth Group (NYSE: UNH) and Amedisys Inc. (Nasdaq: AMED) announced combination plans last June, under which home health giant Amedisys would become part of Optum. Amedisys had previously entered into an agreement to merge with infusion therapy company Option Care Health (Nasdaq: OPCH), but UnitedHealth Group’s offer, scale and complementary clinical capabilities were effectively too […]

The Most Game-Changing Home-Based Care Blockbusters Of The Last Decade

Thanks to impactful, large-scale transactions over the last decade, the collective face of home-based care has changed forever. Traditional providers in both home health care and personal home care have merged. Payers became involved in the home-based care space like never before. Of late, retailers have too. But it’s often easy to forget how the […]

‘I Don’t Think Being Picky Is A Bad Thing’: A Look Inside The Most Selective Caregiver Hiring Processes

At a time when home care providers are constantly trying to bring new caregivers to keep up with the increased demand for care services, some companies have gained a reputation for having a highly selective hiring process. Leaders at companies like BrightStar Care and Tribute Home Care believe that valuing quality over quantity has worked […]