Prior to 2014, there were only a few thousand adult day centers operating throughout the United States. Today, there are likely over 10,000 centers in existence, each one trying to make a lasting mark in an extremely fragmented industry. Founded in 1991, Tennessee-based Centennial Adultcare Center is among that group. The medical-model adult day provider […]
The 25th episode of our podcast, Disrupt, is now available! For many in the aging services space, the adult day center world isn’t exactly clear. Murky federal definitions and regulations mean adult day oversight is largely left to state-by-state governance. Additionally, many individuals maintain overly simplistic, somewhat prejudiced misconceptions about what adult day centers actually […]
The 24th episode of our podcast, Disrupt, is now available! You’ve probably heard of HomeHero before, the startup once labeled a home care “disruptor” that was eventually forced to close up shop. But have you ever heard of Family Directed? That’s the relatively new technology-enabled home care company that’s trying to breathe new life into […]
When ride-hailing companies first came on the scene nearly 10 years ago, they were rarely — if ever — associated with health care. But today, both industry giants Uber (NYSE: UBER) and Lyft (Nasdaq: LYFT) have growing health care divisions that are frequent partners of home-based care providers. In our latest episode of Disrupt, Home […]
The 23rd episode of our podcast, Disrupt, is now available! A few years ago, many would have considered ride-hailing and health care apples and oranges. But today, they’re more like peanut butter and jelly, with companies such as Uber and Lyft rolling out health care divisions of their own. In this episode of Disrupt, you’ll […]
With roughly 17,000 agencies, the home care industry remains highly fragmented. But that’s starting to change — and a major consolidation wave appears to be cruising toward shore. For context: There were at least 47 total home care transactions in 2018, according to proprietary data from M&A advisory firm Mertz Taggart. There were six in […]
The 22nd episode of our podcast, Disrupt, is now available! Led by CEO Jeff Wiberg, Family Resource Home Care is the product of a merger between two of the biggest home care providers in the Pacific Northwest. The company is now using that scale to create density in its markets and go after emerging Medicare […]
With its recent transition to a nonprofit model, Bayada Home Health Care has been busy. Since the 2016 announcement, the company found a new CEO in David Baiada, gifted $20 million to employees and hit one million clients served, just to name a few highlights. Next up for the billion-dollar home-based care provider? Finding new […]
The 21st episode of our podcast, Disrupt, is now available! With its transition to a nonprofit model over the past couple years, Bayada Home Health Care has been busy. Next up for the billion-dollar home-based care provider? Finding new ways to do — and pay for — what it does best. In this episode of […]
When CEO Joel Theisen began Minnesota-based Lifesprk more than a decade ago, he started out with about $500,000 and a handful of employees. Theisen has turned his diverse home-based care company into a roughly $35 million business since then, while simultaneously launching a joint venture with one of the largest health systems in the country. […]
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