PE-Backed Synergy HomeCare Sees Medicare Advantage as ‘Huge Opportunity’

Policymakers may have opened the door for home care-focused supplemental benefits under Medicare Advantage (MA), but many plans are still scrambling to figure out how to incorporate them. One home care company, Synergy HomeCare, has taken an active roll in the creation of these MA plans. Founded in 1999, Synergy is a Gilbert, Arizona-based non-medical […]

Signify Health, Remedy Partners to Bring In-Home Care into Bundled Payments with Planned Merger

Signify Health — a technology-enabled health care services provider — and Remedy Partners — a software company that aligns providers in “episode-based” bundled payment models — have signed a definitive agreement to merge.  Financial terms of the deal were not disclosed. Together, the companies — which are both portfolio companies of New York City-based private […]

Medically Home Raises $10M; Tennessee Home Health Businesses Merge with BrightSpring

Hospital-at-home company raises $10M in Series B funding Medically Home — a Boston-based technology-enabled services company — has raised $10 million in Series B funding. The round was led by Cardinal Health and other investors. Founded in 2017, Medically Home brings hospital-level care into the home, sending clinicians, technology, equipment, medication and supplies directly to […]

[UPDATED] AccentCare to be Acquired by PE Giant Advent International

Global private equity firm Advent International has entered a definitive agreement to acquire AccentCare from its current PE-backer, Oak Hill Capital Partners. Financial terms were not disclosed. The acquisition is one of six home health PE deals announced so far this year, with fewer industry deals happening at a slower pace than in years past. […]

DispatchHealth, At-Home Medical Test Startups Raise Over $113M Combined

Denver-based startup DispatchHealth — which delivers on-demand health care to patients in the home setting — has secured $33 million in growth capital financing, led by private equity firm Echo Health Ventures. The news is the latest in a series of in-home health care funding announcements. Founded in 2013, DispatchHealth works alongside in-home nursing care […]

Senior Helpers’ Town Square Model Gaining Steam as Investors Eye Adult Day Care

Home-based care is often lauded for allowing seniors to age in place while saving the health care system thousands of dollars by decreasing hospital admissions. But with costs that don’t always come cheap to clients and nationwide caregiver shortages, home-based care isn’t without challenges. An increasingly popular way to address them is with adult day […]

PE-Backed HouseWorks Using Innovation, Home-Modification to Propel Growth

After 20 years of serving the Boston area, private-pay in-home care company HouseWorks LLC recently expanded into the Philadelphia market. Expanded Medicare Advantage (MA) benefits, rising demand and private equity backing helped drive the strategic decision. Company leaders say innovation — from its caregiver team structure to its home-modification arm — will help propel the […]