In-home care tailwinds have only grown stronger during the COVID-19 crisis. That, in turn, is prompting the home health industry itself to change. Initially, much of that change has come in the form of more M&A action and investment, especially from private equity interests. Eventually, though, it will also likely manifest in more activity in […]
BrightSpring
While technology behemoths and up-and-coming startups are often cited as the industry’s top disruptors, it’s innovative payment models and big data that will likely have the greatest impact on home health care delivery over the next several years, experts predict. Additionally, as long as gaps exist throughout the hospital-to-home transition process, further disruption is sure […]
Home Health Care News’ most-read stories of 2018 largely focused on Medicare Advantage changes, payment updates and regulatory initiatives. But every year there are also stories that don’t make our most-read list that we feel are deserving of another look. These stories highlight interesting trends, shed light on important topics and capture some of the […]
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 […]
The shortage of home care nurses is keeping children who need their services in the hospital longer, according to a new study published by the American Academy of Pediatrics (AAP). Such delayed discharges come at a cost, considering how much more expensive inpatient hospital care is, compared with at-home care. The study, which looked at […]
Episode #7 of Disrupt: Randy Klein Listen to our conversation with Hometeam CEO Randy Klein and learn about: His background as senior vice president of partner development for Remedy Partners, his work in operations with the Visiting Nurse Service of New York (VNSNY), one of the nation’s largest not-for-profit community-based health care organizations. The switch of […]
Persistent rumors are swirling around a potential sale of home care services provider BrightSpring Health, formerly known as ResCare, by private equity ownership group Onex Corp. Civitas Solutions Inc. (NYSE: CIVI), another large home- and community-based service provider to individuals with disabilities, has now become subject to sale speculation as well. Louisville, Kentucky-based BrightSpring and […]
Louisville-based BrightSpring Health Services, formerly ResCare, is continuing to make changes to its organizational chart. The company has recently added a new chief information officer and hired within the company to fill a new company role of chief learning officer. BrightSpring is one of the largest providers of home and community-based health services in the […]
Private equity firm Onex Corp. is considering a sale of home care giant BrightSpring Health, formerly known as ResCare, according to a Sept. 11 report from PE Hub. PE Hub cited “people familiar with the matter” in its article. Onex had not responded to requests for comment from Home Health Care News as of press […]
With the massive age wave set to hit the United States, in-home care receives a lot of attention as a way to meet seniors’ needs. However, there are many other populations being served by home health and private duty companies, and in some cases a significant portion of revenue for these enterprises comes from serving […]