Daily pay tools — services that grant employees faster access to their earnings — have been met with both skepticism and praise within the context of curbing the caregiver crisis. But for New York-based Rockaway Home Care, they’ve been a major boon. The nonprofit agency, which has six home care locations across the greater New […]
BrightSpring Health Services
BrightSpring Health Services is once again on the move. The goal: to create a multi-faceted, fully integrated health care powerhouse with a suite of services focused on the home. It’s been nearly one year exactly since global investment firm KKR and an affiliate of Walgreens Boots Alliance Inc. (Nasdaq: WBA) closed on their $1.32 billion […]
While the in-home care industry faces a number of challenges, staffing still looms largest for providers. The workforce shortage can hinder everything from business growth and compliance to patient outcomes and bottom lines — but financial incentives like daily pay could help fix the problem. That’s according to the results of a recent staffing survey […]
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 […]
At-home care providers are often lauded for their ability to prevent re-hospitalizations and drive down health care costs by allowing older adults to safely age in their existing homes and communities. As it turns out, their services are having a much broader impact on the U.S. economy, especially when it comes to the real estate […]
As the aging population continues to grow, so does the need for home-based care services. But supply isn’t keeping up with demand when it comes to the caregivers required to provide those services, creating fierce competition for workers. To win over prospective employees, at-home care providers must differentiate themselves. For BrightSpring Health Services, that means […]
Failure to adhere to a medication regimen is often cited as the No. 1 reason people — especially older adults with multiple chronic conditions — are sent back to the hospital following discharge. To change that, many home care providers have started to make in-home medication management a core component of their operations. That group […]
Global investment firm KKR and an affiliate of Walgreens Boots Alliance Inc. (Nasdaq: WBA) closed on their $1.32 billion acquisition of home- and community-based care BrightSpring Health Services on Wednesday. BrightSpring — formerly ResCare — merged with pharmacy company PharMerica as part of the deal. While home-focused M&A activity has hit record levels over the […]
BrightSpring adds new clinical, compliance execs BrightSpring Health Services, one of the country’s largest home and community-based health services providers for high-need populations, has hired a new chief clinical officer and a new chief compliance officer. Susan Sender will take the reigns as the company’s chief clinical officer, while Rachael Kurzer Givens has been named […]
Home- and community-based care giant BrightSpring Health Services — formerly known as ResCare — plans to merge with pharmacy company PharMerica. The two companies will be under the private equity ownership of KKR, with an affiliate of Walgreens Boots Alliance (Nasdaq: WBA) holding a minority stake, according to an announcement issued Tuesday. Full financial terms […]
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