Home care provider Nova Leap has made meaningful improvements in all major financial categories, except one. Driving organic revenue has been a persistent challenge for the company, but its leadership has laid out a plan to foster long-term improvement. Nova Leap is better positioned to pursue organic revenue growth now compared to recent years because […]
Private equity firm Waud Capital Partners has acquired MedTec Healthcare, a provider of in-home care and adult day services. The deal, announced Monday, is part of Waud Capital’s strategy to build a home-based services platform through a newly announced holding company, Altocare. MedTec will continue to operate under its existing brand and leadership. “Our prior […]
Staffing shortages, reimbursement cuts, staying competitive in a crowded market, the rising cost of care — if you ask home-based care providers about the challenges they’re currently facing, these are some of the responses you will receive. Despite these headwinds, some home-based care leaders have a much sunnier 2025 outlook than one would expect–or at […]
Headwinds facing the home-based care market have led a Minnesota agency to discontinue its home care operations. On Tuesday, Medicare-certified LB Homes announced it would cease providing home care services. Established in 1915, the organization offers a continuum of care focused on serving older adults, including residential nursing care, independent living and transitional care. Interim […]
Leaders at some of the top home-based care companies are figuring out new ways to respond to financial and operational challenges, forge new growth pathways, and embrace innovative clinical models. One of these leaders is Adam Thomas, chief administrative officer at LifeCare Home Health Family. At the moment, the company is going through a rapid […]
Right at Home finished Q1 with 12 franchise territory transactions, including five new franchises and seven resales, signaling a robust start to 2025 while maintaining 2024’s robust momentum. While franchise growth continues across the country, Right at Home is adopting a geo-targeted strategy in 2025, focusing on Ohio, Wisconsin, Minnesota, Illinois and North Carolina – […]
Home-based care providers are expanding through acquisitions and new development. New Day Healthcare expands in Houston New Day Healthcare has purchased Patient Recovery Home Healthcare Services, a Houston-based personal care provider. This deal marks the company’s 15th acquisition to date. Founded in 2020, New Day has roughly 33 locations across Texas, Missouri, Kansas, Illinois and […]
The home-based care industry is reeling with uncertainty these days. Change seems to be the only constant, from Medicare Advantage’s increasing role in the industry to the Trump administration’s rapidly evolving actions. These fluctuations result in widespread cost pressures for the in-home care community. While reimbursement can be a struggle for providers accepting Medicaid or […]
The owner of a ComForCare franchise location identified the “perfect segue” into a new market with the purchase of an independent living facility. Nikhil Mehrotra, owner of a ComForCare franchise in Farmington Hills, Michigan, purchased Comfort Cove, an independent living facility in West Bloomfield, Michigan, in March. The expansion into independent living allows the home […]
Home Instead, a franchise company with one of the largest home care footprints in the U.S., has made major moves to bring on outside talent. This has allowed the company to utilize expertise gleaned from executives’ time at companies like Nordstrom, Nerdy (NYSE: NRDY), Amazon (Nasdaq: AMZN) and more. However, Home Instead isn’t the only […]
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