Homethrive, a provider of technology-enabled caregiving solutions based in Northbrook, Illinois, recently announced the successful completion of its latest funding round, raising more than $20 million. The company has also appointed Ismat Duckson Aziz to its board of directors. The funds will expand Homethrive’s end-to-end caregiving platform, focusing on personalized support and scaling its AI-driven […]
HomeThrive
Whether its food, fashion or transportation, startups are known for playing the role of disruptor in whatever sector they’re operating in. While disruption can lead to innovation and efficiency, it’s also important for startups operating in senior care and home-based care to have a sound business model, healthy funding, strong backers, a clear value-add, advantageous […]
BrightStar Care names new chief marketing officer BrightStar Care has promoted Teresa Celmer to chief marketing officer. Prior to her appointment, she had served as the company’s senior vice president of marketing since 2019. “I am thrilled to be stepping into the role of chief marketing officer of BrightStar Care and am expertly positioned to […]
More individuals are having to take on what’s known as the second or third shift — caregiving duties in addition to being employed. At the same time, there has been an increase in Medicare Advantage (MA) plans offering home-based care, including respite services, coinciding with this rise of informal caregivers. For context, informal caregivers are […]
Aging-in-place enabler Homethrive has raised an additional $20 million in Series B funding. For Homethrive, the funding round – led by Human Capital, with participation from Allianz, 7wireVentures and Pitango HealthTech – will go toward its “aggressive expansion” plans and further technology investments. And for similar senior-focused startups, the infusion of capital shows that VC […]
Homethrive, a tech-enabled provider of non-medical care management and personal assistance services, has raised $18 million in a Series a funding round. The funding round was led by venture capital firm 7wireVentures and investment firm Pitango HealthTech. Homethrive has earmarked the new funds to be used in a number of areas, Dave Jacobs, co-founder and […]
LHC Group and LifePoint Health cement JV partnership LHC Group Inc. (Nasdaq: LHCG) and LifePoint Health have further cemented their joint venture partnership with the purchases CMH Home Health Care, Casa de la Paz Hospice and St. Joseph Family Hospice. CMH Home Health Care is a home health provider that serves Clinton County, Ohio. Casa […]
Addressing social determinants of health has become the topic of the moment in health care. Despite being a popular talking point and area of focus for home care agencies, many hospitals and physician practices aren’t screening for SDoH barriers. In fact, only 24% of hospitals and 16% of physician practices screen for recommended social determinants […]
As more companies look to address the social determinants that hinder health, transportation has largely risen to the forefront. Several unexpected, non-health care players are driving that high-octane focus — including Ford Motor Company (NYSE: F). One of the oldest and largest automakers in the U.S., Ford is entering the health care transportation game through […]
Envoy America and HomeThrive announced Monday that the two companies are teaming up on a program offering transportation-plus-assistance and companionship services to older adults. The partnership comes as more companies look to address the social determinants that hinder care. “Transportation is one of the biggest challenges that family members have,” Dave Jacobs, co-founder and managing […]
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