Honor Faces Scrutiny Over Growing Partnership Model

It’s been a little more than a year since San Francisco-based startup Honor launched a new strategy focused on partnering with existing home care providers. The partnership approach has so far helped Honor shift to a more sustainable business model and expand its market presence, company leaders say, but it has generated persistent rumors and […]

SYNERGY HomeCare Acquired by Private Equity Firm NexPhase

SYNERGY HomeCare, a franchisor with about 300 locations nationwide, has been sold to private equity firm NexPhase Capital for an undisclosed sum. Gilbert, Arizona-based SYNERGY offers a range of non-medical personal care to seniors, as well as clients with developmental or physical disabilities, and people recovering from surgery or illness. “We very much look forward to […]

Small Home Health Agencies Prefer Cash to Legacy

The family-owned business, passed on from generation to generation, is an archetype of American commerce. In practice, however, most “mom-and-pop” home care and home health agencies are content to take the money and run when it comes time to pass the business into new hands. “It’s rare to have a child to take over, rare […]

Home Health Players Line Up for Hospice Deals in 2018

The strong role hospice plays in the post-acute care continuum is being realized more and more by consumers, driving a surge in mergers and acquisitions (M&A) activity and overall interest in the space by home health providers. In fact, during Amedisys, Inc.’s (Nasdaq: AMED) third-quarter earnings call, CEO Paul Kusserow declared the company’s focus on […]

Home Health Care Among Top Industries for Return on Equity

Home health care was among the top 15 industries for return on equity (ROE) over the last 12 months, a financial statement analysis of privately held companies by financial information company Sageworks found, Forbes reported. ROE is calculated by dividing annualized net income by total equity, and strong net income, low equity or a combination of both can drive high […]

Despite Headwinds, Home Health Valuations Remain High

The home health sector has faced a few hurdles since the beginning of 2017. Publicly announced home health M&A activity proved lackluster in the first and second quarter of the year, as the industry continues to reel from regulation overload from the Centers for Medicare & Medicaid Services (CMS). But despite these challenges, investors are still drawn to the industry, even […]

Hometeam Bucks Conventional Wisdom to Start Taking Medicaid

Hometeam will now be accepting Medicaid in New York City, becoming the first of a new breed of home care companies to tap the government insurance program for low-income individuals. Founded in 2013, Hometeam came out of stealth mode last year and announced an $11 million funding round. Since then, it has continued to secure […]