M&A and Financing Newsflash: Honor Partners with Help Unlimited, FMS Joins AccentCare

Help Unlimited and Honor Announce Partnership

Help Unlimited is partnering with technology-driven home care company Honor to provide more reliable and transparent care for aging adults in a well-known California county.

San Francisco-based Honor — backed by $150 million in venture capital since launching in  2015 — is a non-medical home care company that provides care to clients in California, Texas and New Mexico. As a company, Honor partners with local home care agencies to manage their scheduling, payroll and other back-office logistics, while also sharing from its large pool of care professionals.

Santa Barbara, California-based Help Unlimited is also a provider of non-medical services. The company offers transportation, daily care, post-hospital recuperation and dementia care services out of its two offices in Santa Barbara and Ventura County.

The partnership, announced Tuesday, will allow Help Unlimited to provide more care for its clients within Santa Barbara County. By 2060, the Santa Barbara County population aged 65 and over is projected to grow over 100% — compared to 28% growth across all age brackets, according to data from the Santa Barbara County Association of Governments.

“We’ve seen an uptick in demand for in-home care driven by an aging population, needed support for dementia care as well as older adults wanting to remain in their own homes for as long as possible,” Gayle Bertsch, owner and founder of Help Unlimited, said in a press release. “We knew we needed to take an innovative approach to make our overall quality of care we’re known for. Partnering with Honor will allow us to positively impact and care for even more families in our community.”

Honor handles all caregiver recruiting, wage and hour, and industry compliance for its partners.

Foundation Management Services Joins AccentCare

Denton, Texas-based Foundation Management Services (FMS) has joined AccentCare Inc. The companies announced the move at the end of August.

AccentCare, which has completed several acquisitions recently, provides post-acute health care services, as well as specialized care management prior to acute episodes. Throughout its operations, the provider employs over 23,000 professionals in more than 190 locations across 14 states.

A recent acquisition has reportedly made AccentCare’s Texas branch the largest home health, hospice and personal care provider in the state.

FMS is a home care management services firm that offers a variety of resources for home health and hospice agencies, including educational workshops and support products.

“We are excited to welcome FMS as an expansion of our service lines,” Steve Rodgers, AccentCare CEO, said in a press release.

FMS will maintain its brand, staff and continue to serve its 1,500 customers with its tools and training.

National Nursing & Rehab Completes Sale of Home Health to Regency IHS Home Care Services, LLC

Corpus Christi, Texas-based National Nursing & Rehab Inc. has sold its adult home health business to Regency IHS Home Care Services. The deal was announced last week.

National was founded in 1996 and is one of the top providers of Medicare focused home health services in South Texas, according to the company. It operates additional offices in San Antonio, Houston and Dallas.

“We are excited to announce the acquisition of our Medicare home health programs by Regency IHS Home Care Services, LLC,” Steve Wallace, CEO of National, said in a press release. “National’s strong leadership team and quality clinical programs are well positioned to be a valued partner to Regency’s experienced post-acute health care team.”

The financial terms of the deal were not disclosed.

TRPN Direct Pay Inc. Acquires Devon Health Services

TRPN Direct Pay ha acquired Devon Health Services, adding to their cost containment program.

Las Vegas-based TRPN Direct Pay is a claims payment process that incorporates multiple existing technologies of medical claims review, payment and administration. TPRN’s network is made up of 1.5 million provider locations including 5,000 hospitals and 100,000 ancillary facilities. The network includes home health, acute care hospitals and urgent care clinics.

King of Prussia, Pennsylvania-based Devon Health Services is a provider organization network that offers managed care solutions to employer groups, third party administrators and insurance carriers in Pennsylvania, New Jersey and Delaware. Devon was formerly known as Americare Health Services, the company changed its name in 1997.

Financial terms of the acquisition were not disclosed.

Written by Kaitlyn Mattson