Leading During Disruption: How Synergy HomeCare’s New CEO Took Control Amid COVID-19 Chaos

Securing stockpiles of personal protective equipment (PPE), doubling down on company-wide training efforts and implementing educational initiatives are just some of the responsibilities that home care leadership teams have taken on during the COVID-19 crisis. While most home care agencies were navigating the public health emergency over the past few months, Synergy HomeCare’s CEO had […]

The New Normal: Day in the Life of BrightSpring’s Home Health Leader Amid COVID-19

In a normal week, Rexanne Domico — president of home health care and rehabilitation at BrightSpring Health Services — might be back and forth between Charlotte, North Carolina, where she lives, and Louisville, Kentucky, where her company is headquartered. Or maybe she’d be hopping around the South, visiting BrightSpring’s newest locations, which the home- and […]

‘Go Big or Go Home’: Lifesprk Scores $16M to Grow Company, Launch Electronic Life Record

Lifesprk — a home-based care company known for its innovative whole-person focus — has scored a new $16.1 million investment, the first the company has accepted since its 2004 founding.  The investment — which was led by Burlingame, California-based private equity firm Virgo Investment Group — came in the form of Series A preferred stock. […]

Adult Day Industry Trending Toward For-Profit Status, 2020 Boom

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 […]

CareFinders Expands Footprint; Windward Life Care Launches Home Health Arm

CareFinders expands footprint Home health agency CareFinders recently announced that it has completed its acquisition of DanielCare Caring Choice, a Stamford, Connecticut-based provider of personal home care services. The financial terms of the deal were not disclosed. Founded in 1995, Hackensack, New Jersey-based CareFinders provides home health care services to more than 8,500 patients throughout […]

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 […]