Similar to how hospitals have different arms able to treat patients with changing needs and a variety of conditions, a new private equity partnership is aiming to create a multisite, multidisciplinary system of community care services. Led by former Addus HomeCare Corporation (Nasdaq: ADUS) CEO Mark Heaney, the PE partnership is particularly interested in adult […]
Even with rapid-fire regulatory changes, potential technology disruption and sweeping consolidation on the horizon, most home care leaders agree: The recruitment and retention of workers is still the industry’s No.1 challenge. With industry turnover hovering above 60% and a national unemployment rate dipping to below pre-2008 levels, it’s crucial home care agencies hit the ground […]
The Ensign Group (Nasdaq: ENSG) achieved its highest-ever adjusted earnings per share during the fourth quarter of 2018, the company announced Wednesday. That’s thanks in part to growth and success in the California-based provider’s home health and hospice services segment. Growth within the space will likely outpace that of Ensign’s skilled nursing subset, President and […]
New York-based private equity firm Post Capital Partners is partnering with former Addus HomeCare Corporation (Nasdaq: ADUS) CEO Mark Heaney to search for — and invest in — home- and community-based care businesses. “We see a growing need for home and group care in the community, as the number of older persons grows and life […]
About one in five American adults currently assists an older family member in some way, shape or form, often by completing taxing household chores or contributing hundreds of dollars each month in financial support, a new survey has found. The findings reaffirm the value of respite care, a major selling point for many home care […]
As more states push to raise the minimum wage, home-based care companies must work harder than ever to attract and retain workers as competition among employers grows. In home health care, agencies’ success often depends on Medicaid reimbursement, which is not keeping up with wage inflation in some states. And in private-pay home care, increased […]
As health care costs rise unsustainably and the aging population booms like never before, the need for affordable at-home care continues to grow. But from an insurance standpoint, providing that care could soon come with more risk and a higher price tag. “There’s no specific data that is publicly available that speaks to [at-home care […]
Massachusetts home care company enters Philadelphia market Private-pay in-home care company HouseWorks LLC has acquired Caring Friends Home Care. The acquisition propels the Massachusetts-based HouseWorks into the Philadelphia market, while positioning the company for future growth throughout Pennsylvania. Financial terms of the acquisition were not disclosed. HouseWorks, which is backed by health care investor RAB […]
Humana updates management team with internal hires Health insurance giant Humana Inc. (NYSE: HUM) has filled two leadership roles with internal candidates. The Louisville, Kentucky-based company has promoted Joseph Ventura to General Counsel and named Douglas Stoss interim lead for Humana’s Office of Corporate Affairs. Both will serve as members of the company’s management team. […]
Senior living providers in the United States believe that their business model could be significantly disrupted by the trend toward older adults aging in their own homes, which is being enabled by new technologies. This was a key finding of “The State of Senior Living: An Industry Grappling with Autonomy,” a new report from architecture […]
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