Home care franchise giant Seniors Helpers entered this year with big ambitions, partly fueled by its April 2021 acquisition by Advocate Aurora Enterprises. Those ambitions include new data initiatives to take the international home care provider to the next level, as well as staffing investments to help win the workforce battle, according to co-founder and […]
HomeWell Care Services CEO Crystal Franz has a lot to be hopeful for in 2022. After a record-breaking growth year in 2021, Franz said there is no plan for the company to slow down. In the year ahead, HomeWell is planning for rapid expansion and national brand recognition. The company is based in Burkburnett, Texas […]
Right at Home announced Tuesday that Brian Petranick resigned from his long-held position as president and CEO. At this point, it’s unclear if succession plans had already been in the works at Right at Home, a subsidiary of RiseMark and one of the largest home care franchise companies in the industry. The in-home care provider […]
Within the home care franchising world, there aren’t too many independent, founder-led organizations left. Caring Senior Service, founded in 1991 by CEO Jeff Salter, is one of the rare exceptions. The San Antonio, Texas-based home care franchise has grown fairly rapidly over the past 30 years, and it now boasts roughly 50 locations across nearly […]
One of the fastest-growing home care franchise companies, Synergy HomeCare, has continued to reach new growth milestones. Last year, the company sold 52 territories, a 37% increase compared to 38 territories in 2020. Synergy CEO Charlie Young credits the company’s continued momentum for its success. “If you look back over the last 24 months, we’ve […]
Diversifying revenue is a priority for many private-pay heavy home care owners. To do so, some are starting to turn toward newer opportunities like Medicare Advantage and hospital-at-home models. Others, however, are turning to a familiar but sometimes overlooked partner: the Department of Veterans Affairs (VA). The VA is the part of the federal government […]
The home care franchise model calls to mind the old idiom of “a chain is only as strong as its weakest link.” That’s because the business model relies on having a network of strong franchisees for its overall success. For the franchisees, or owners, that make up these networks, this means navigating challenges in service […]
The past few years have seen private equity players plant a flag in the home care space, particularly in the franchising world. In 2021, this trend has only increased with the heightened demand for home care services. Roughly $66 billion in PE investment went out to various health care sectors in 2020, a 21% increase […]
Honor is back in the spotlight in a big way, just two months after it announced its industry-shaping acquisition of Home Instead. The San Francisco-based company announced Tuesday it has raised $70 million in Series E funding, in addition to securing $300 million in debt financing. Honor has earmarked the funds to further invest in […]
Since last spring, home care companies have had to battle through an ongoing pandemic and a worsening labor crisis. They’ve had to face those challenges, too, while trying to meet the needs of a rapidly growing U.S. senior population. In many ways, it has felt like trying to stay afloat in an endless wave pool, […]
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