Referral sources are the lifeblood of home-based care companies. Even with payment and staffing headwinds, solid referral source relationships offer a path to sustainability for providers. At Avid Health at Home, there are a number of elements that go into its referral source strategy. The company prioritizes routine communication, and personalizing outreach. “No two referral […]
At a time when many home care providers are shutting the door on Medicare Advantage (MA), Avid Health at Home has managed to go the other way. Avid Health at Home is a home care platform backed by Havencrest Capital. The company believes that demonstrating its value through data could be what puts it in […]
The rising costs of home care were a trend in 2022 and 2023. They will remain one in 2024, and could finally come to a head. That’s only one trend, of many, that will impact home care providers in the new year. But it alone will also lead to other trends, such as increased M&A, […]
Home care providers looking to grow need to follow meticulous planning and have realistic goals. Failure to follow that guidance could mean serious operational challenges down the road. During the public health emergency, when more attention was being paid to alternative settings for long-term care, the home care industry saw record-breaking volume and valuations. Seeing […]
Gentiva officially acquires ProMedica’s home health, palliative and hospice business Gentiva has closed on its $710 million deal for ProMedica’s home health, palliative and hospice business. The deal was first announced in February. Now that it is finalized, the Atlanta-based Gentiva will boost its location count from 380 to 500, and its patient census by […]
Well Care Health is divesting its personal home care division to Avid Health at Home. For Well Care Health, it’s an opportunity to capitalize off of the demand for its well-established home care footprint, while also focusing on a new strategic direction moving forward. “There’s a couple of drivers behind [the move],” Well Care Health […]
During an acquisition process, there are obvious boxes that need to be checked on the buyer and seller sides. On the buyer side, that due diligence includes checks around financials, compliance and a whole lot of other numbers. But one factor that can fly under the radar is employee tenure. “Tenure is a very important […]
In home care, the relationship between the operator and the private equity sponsor can be difficult to manage. Generally, healthy relationships – ones where there’s “give and take” – lead to growth and success. Poor relationships between those two parties, on the other hand, tend to lead to undesirable outcomes. “Private equity has a really […]
The Dallas-based private equity firm Havencrest Capital Management has its home care platform. That’s Avid Health at Home, which has aggressive growth plans from the outset. The company was first unveiled in early August. It was created in conjunction with Havencrest’s acquisition of For Papa’s Sake Home Care, which is a personal home care provider […]
Private equity investment remains down in health care services. But the firms active in home-based care will likely have a major impact on the industry in the near future. The decisions those firms make – while entering or exiting – will have a lasting impact. In the second quarter, there were 164 PE deals across […]
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