Home-based care’s deal volume remained flat in the fourth quarter of 2022, ending a slow year overall for transactions. The quarter saw at least 24 completed transactions, right on par with Q3’s 25 deals, but was lower than previous years in the home-based care space, according to a report from M&A advisory firm Mertz Taggart. […]
Care Advantage
Care Advantage has expanded its reach even further into Northern Virginia with the acquisition of in-home care provider Care Perfections Health Services LLC. Financial terms of the deal were not disclosed. The move comes just a week after Care Advantage acquired the Reston, Virginia-based Lighthouse Healthcare Inc., a private-pay personal care company. Last week, following […]
Care Advantage Inc. has acquired the Reston, Virginia-based Lighthouse Healthcare Inc., a private-pay personal care company. Financial terms of the deal were not disclosed. Care Advantage CEO Tim Hanold told Home Health Care News that Lighthouse “complements” what the company is already accomplishing in Northern Virginia. “We’ve made a number of acquisitions over there in […]
As demand for personal home care stays high, providers are keeping a close eye on the shrinking margin between pay and billing rates. Bill rates for home care have steadily risen over the past several years, in large part due to those growing pay rates for workers. In 2022, home care leaders have been vocal […]
Two groups of stakeholders that home-based care providers need to win over in the near-term future are payer leaders and policymakers. As Medicare Advantage (MA) enrollment grows, providers need to prove their agency’s value in order to maintain a sustainable business. Meanwhile, policymakers need to understand the value of home health and home care for […]
LHC Group acquires Three Rivers Home Health LHC Group Inc. (Nasdaq: LHCG) has expanded its reach in Georgia by purchasing the Eastman, Georgia-based Three Rivers Home Health. Following the purchase of Three Rivers’ nine locations, LHC Group’s footprint spans 36 Georgia counties. The acquisition is expected to create a $12 million revenue boost for the […]
Deloris Witcher, caregiver (PCA) for Care Advantage, has been named a 2022 Frontline Honors honoree by Home Health Care News. To become a Frontline Honoree, an individual is nominated by their peers. The candidate must be a dedicated, high-performing frontline worker who delivers exceptional experiences and outcomes; a passionate worker who knows how to put […]
Many home-based care organizations want to rely less on fee-for-service payment models and step into the value-based care space. While this is easier said than done, a few providers have been able to make significant strides in regard to value-based care relationships. At Care Advantage, value-based care makes up roughly a third of the company’s […]
The personal home care industry has received unprecedented recognition and praise over the last two years. President Joe Biden and Vice President Kamala Harris explicitly mentioned home care – and home care workers – on the campaign trail and after inauguration. “Just the fact that a sitting president is talking about home care is huge,” […]
The Future Leaders Awards program is brought to you in partnership with PointClickCare. The program is designed to recognize up-and-coming industry members who are shaping the next decade of senior housing, skilled nursing, home health and hospice care. To see this year’s future leaders, visit https://futureleaders.agingmedia.com/. Chelsey Ammons, vice president of nursing at Richmond, Virginia-based […]
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