‘Better Systems, Better Controls and a Digitized Industry’: Analyzing PE’s Impact on Home-Based Care

In late March, members of Congress argued fervently that private equity did not belong in health care, with senior care being a particularly egregious case of trespassing. During a special House hearing, lawmakers addressed the dangers of PE firms digging their heels deeper into the long-term care space and how profit-driven motives can have an […]

‘We’re a Strong Alternative to Nursing Homes’: PACE Giant InnovAge Executes $350M IPO

InnovAge (Nasdaq: INNV), a Program of All-Inclusive Care for Elderly (PACE) provider, officially went public Thursday. Denver-based InnovAge offers one of the largest PACE programs in the U.S. The company has about 1,900 employees and serves 6,600 seniors in Colorado, New Mexico, California, Pennsylvania and Virginia. In addition to its PACE offerings, InnovAge owns two […]

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 […]