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 […]
Category: Private Equity
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 — 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 […]
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 […]
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. […]
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 […]
Another large health system is breaking into home health care and hospice. Dallas, Texas-based Cornerstone Healthcare Group made its first dive into the spaces earlier this month with the acquisition of Phoenix, Arizona-based Southland Home Health. Financial terms of the deal were not disclosed. The acquisition is the first of many similar deals in the […]
Humana (NYSE: HUM) is leaning further into home health care as a key area of focus, going as far as to label it “the new frontier in value-based medicine” during an investor day presentation Tuesday. “Our journey into the home is in full gear,” William Fleming, segment president of health care services at Humana, told […]
Despite a recent uptick in M&A activity within the hospice space, many industry leaders still see private duty home care and medical home health care as the greatest growth areas for the in-home care industry in 2019. Meanwhile, the year ahead will also be filled with new technology adaptation, driven by payment model changes and […]
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 […]