A new blank-check company is hunting for aging-in-place businesses to take public. And unlike other senior care-related special purpose acquisition companies (SPACs) launched in the past year, this one — DTRT Health — is led by a well-known home care veteran with ample public experience. “There’s quite a number of fascinating public-ready companies of scale, […]
Category: Personal Home Care
LHC Group purchases Virginia providers The LHC Group Inc. (Nasdaq: LHCG) M&A run continues. The Lafayette, Louisiana-based company recently announced agreements to acquire Generations Home Health along with Freda H. Gordon Hospice and Palliative Care, both in Virginia Beach, Virginia. LHC Group expects $7 million in annual revenue from the deals. Plus, the purchases complement […]
The Helper Bees (THB) announced Wednesday the launch of its aging-in-place provider marketplace. Austin, Texas-based THB is a full-service insurtech company that works to create innovative aging-in-place solutions for both payers and consumers. THB’s new marketplace — the next evolution of its “Care Concierge” program — is designed to give individuals in need of home […]
InnovAge (Nasdaq: INNV) went public earlier this year with a $350 million IPO. It has since set its sights on expansion. The largest Program of All-Inclusive Care for the Elderly (PACE) organization in the country, InnovAge is bullish on its ability to do just that, thanks to both internal confidence and also external, regulatory tailwinds. […]
At a time when the home care industry is plagued with workforce shortages, Senior Helpers, 24 Hour Home Care and ComForCare have made a name for themselves as best-in-class employers. Among common retention tactics, all three organizations actively elicit feedback by surveying staff on a regular basis. Senior Helpers, 24 Hour Home Care and ComForCare […]
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, […]
The Future Leaders Awards program is brought to you in partnership with PointClickCare. The program is designed to recognize up-and-coming industry members who are shaping the next decade of senior housing, skilled nursing, home health and hospice care. To see this year’s future leaders, visit https://futureleaders.agingmedia.com/. Lakelyn Hogan, a gerontologist and caregiver advocate at Omaha, […]
The Future Leaders Awards program is brought to you in partnership with PointClickCare. The program is designed to recognize up-and-coming industry members who are shaping the next decade of senior housing, skilled nursing, home health and hospice care. To see this year’s future leaders, visit https://futureleaders.agingmedia.com/. Chelsey Ammons, vice president of nursing at Richmond, Virginia-based […]
Often in the home-based care field, transactions are driven by companies seeking to expand their service lines to become one-stop shops for referral partners. Sometimes, however, dealmaking is ignited by a desire to double down on existing expertise. An example of the latter M&A tactic happened Wednesday, with 24 Hour Home Care buying the non-medical […]
Elder Care Homecare, HomeWell Care Services, 24 Hour Home Care and Georgetown Home Care (GHC) are four of the fastest-growing aging-in-place providers in the nation. Revenue diversification, cross-continuum partnerships and niche service offerings have allowed each home care business to maintain strong growth over the past 18 months, even during a pandemic that has triggered […]