The home care market has been long plagued with workforce issues, with providers in the space often struggling to recruit or retain caregivers. But as the U.S. continues to see a rise in unemployment, it’s creating a new pool of job candidates. And providers are getting ready to jump in. “[COVID-19] has created a very […]
Securing stockpiles of personal protective equipment (PPE), doubling down on company-wide training efforts and implementing educational initiatives are just some of the responsibilities that home care leadership teams have taken on during the COVID-19 crisis. While most home care agencies were navigating the public health emergency over the past few months, Synergy HomeCare’s CEO had […]
Best Life Brands names new CEO Best Life Brands — a holding company that owns the franchised home care providers ComForCare and At Your Side — has hired a new CEO. J.J. Sorrenti stepped into the role earlier this month and will oversee the strategic growth plans for all Best Life Brands. Those include ComForCare […]
Once considered an afterthought, non-medical, in-home care took on newfound importance in 2019. Many home care CEOs predict that momentum will continue in 2020, especially as risk-based arrangements among providers become more common. Medicare Advantage and outcomes-related health data are also positioned to play leading roles in home care next year, industry leaders believe. The […]
Jiffy Lube, Motel 6, Great Clips and Culver’s. These are just a few of the U.S. franchise giants that Home Instead Senior Care outsold in 2018. That’s according to the latest Top 200+ ranking from Franchise Times, an annual compilation of top-selling franchises based on systemwide sales. Other home care franchises winning the sales game […]
Rising consumer demand and a lack of available, qualified home care workers will likely keep recruitment and retention in the spotlight come 2020. To mitigate those challenges, some home care providers have turned to daily pay, though the jury is still out on its ultimate impact. In 2018, the median caregiver turnover rate jumped to […]
Policymakers may have opened the door for home care-focused supplemental benefits under Medicare Advantage (MA), but many plans are still scrambling to figure out how to incorporate them. One home care company, Synergy HomeCare, has taken an active roll in the creation of these MA plans. Founded in 1999, Synergy is a Gilbert, Arizona-based non-medical […]
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 […]
All Metro Health Care Acquires Massachusetts Home Care Provider All Metro Health Care acquired Independence Healthcare Corp., a Worcester, Massachusetts-based provider of non-medical home healthcare services. All Metro, a home care provider headquartered in Valley Stream, New York and a portfolio company of middle market private equity firm One Equity Partners, serves patients in New York, Pennsylvania, New […]
Buoyed by a growing demographic of Americans who want to age in place, home care companies are among the fastest-growing companies in the country, according to a recent ranking of the top 5,000 fastest-growing private companies. In the most recent Inc. Magazine’s Inc. 5000 list, 13 home care companies made the cut. It’s no surprise these companies snagged […]
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