The technology-enabled home care startup Honor has acquired one of the largest providers of personal home care in the country — Home Instead — in an effort to become the “default” provider of services for seniors in the U.S. The acquisition became effective Friday and financial terms of the deal were not disclosed. Together, the […]
The U.S. home care industry is at an inflection point. Prior to the COVID-19 pandemic, an increasing number of payers and health care providers began to recognize the value of non-medical home care, particularly when it comes to chronic disease management and preventative care. That recognition has grown even stronger in 2020, with home care […]
Honor — the technology-enabled home care startup that partners with independent agencies through the Honor Care Network — is gearing up for a major expansion. Those expansion plans are built around a substantial infusion of new capital, too. The San Francisco-based Honor announced Tuesday it has raised $140 million in Series D funding, led by […]
After starting off 2020 with a round of non-caregiver layoffs and rumors that SoftBank walked away from a major investment into the company, San Francisco-based Honor quickly had to refocus and face the coronavirus. While the outbreak comes with obvious challenges for Honor, the tech-enabled home care company has been able to learn from the […]
Honor — the technology-enabled in-home care provider that partners with traditional agencies through the Honor Care Network — is laying off 35 employees. The company confirmed the layoffs in an email sent to Home Health Care News on Friday. The San Francisco Chronicle was the first to report the layoff news. Founded in 2014, the […]
Humana to acquire Enclara Consonance Capital Partners, a health care investment firm, has agreed to sell Enclara Healthcare to Humana Inc. (NYSE: HUM). The transaction includes the privately held pharmacy company’s subsidiaries Enclara Pharmacia, GuidantRx and Avanti Health Care Services. The deal is expected to close during the first six months of 2020. For Louisville, […]
Honor — the technology-driven home care services provider already backed by Andreessen Horowitz — may soon have even more firepower to work with. A sequel to the world’s largest investment fund focused on technology, SoftBank’s Vision Fund 2 is reportedly in talks to invest roughly $150 million in Honor, according to a Thursday report from […]
A partnership with senior housing and care provider Eskaton prompted tech-forward home care company Honor to accelerate its transition to a management model based on teams focused on specific geographic areas. A year in, that model has positioned Honor for further partnerships with large-scale organizations, and Eskaton has seen a revenue boost expanded into new […]
Technology-enabled home care services company Honor has turned to a former Lyft executive for help beefing up its caregiver recruitment and retention efforts. The infusion of leadership talent comes as the San Francisco-based Honor expands into America’s Heartland. Founded in 2014, Honor partners with home care agencies and other senior care providers by taking over […]
In an effort to expand its capabilities and open the door for future Medicare Advantage (MA) opportunities, Amedisys Inc. (Nasdaq: AMED) recently struck an agreement with ClearCare Inc. to create a network of personal care agencies. Already, that network is spreading like wildfire, with 308 agencies representing 32,000 caregivers in 39 states, Amedisys CEO and […]
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