M&A and Financing Newsflash: Home Health Foundation Joins Wellforce, Bayada’s New Partnership

Waltonwood Lake Boone Partnering With Bayada Home Health Care Bayada Home Health Care is partnering with Waltonwood Lake Boone to provide additional resources to the senior living community’s residents and staff. Waltonwood Lake Boone is a senior living community based in Raleigh, North Carolina. Bayada Home Health Care is a Moorestown, New Jersey-based home care […]

NY Times: PACE Changes Worry Critics

As more private equity moves into a Medicare program designed to help American seniors age in place, worries are mounting among critics who believe the work should be left exclusively to non-profits using government funds, The New York Times reported. The program in question is the Program of All-Inclusive Care for the Elderly (PACE), a federal […]

Business Briefs: InnovAge’s For-Profit Conversion

InnovAge Converts to For-Profit to Fund The NextFifty Initiative InnovAge, a Denver, Colorado-based provider of in-home care services, affordable senior housing and other health care and day programs, has finalized an agreement with private equity firm Welsh, Carson, Anderson & Stowe (WCAS) to expand its services and convert from a non-profit entity to a for-profit. […]

Editor’s Picks: Beyond Readmissions

This week, our readers were keen on how home health house calls can reduce hospital admissions and care costs. They also wanted to know why one health network is looking beyond hospital readmission rates to form its home health partnerships. Here in the newsroom, we took notice of InnovAge’s decision to transition from a non-profit […]

PACE Provider Raises Eyebrows by Seeking For-Profit Status

InnovAge, a home and community services provider that boasts Susan Sarandon as a spokesperson, has sparked controversy with its decision to transition from a non-profit to a for-profit company. Based in Denver, InnovAge serves Colorado, California and New Mexico, offering a range of services intended to help people age in their own homes. These include […]

Susan Sarandon’s New Role: Aging-in-Place Spokeswoman

Campaigns to raise awareness of various senior care-related causes have attracted a fair share of celebrity spokespeople. Now, the push to help older adults age in place has a new, yet familiar face in Academy Award-winning actress Susan Sarandon. Sarandon, 68, last week launched the “Aging in Place” campaign with InnovAge, a non-profit senior care […]