There is a lot happening in the home care industry right now when it comes to mergers and acquisitions, investments, and more! A few of the most recent stories making headlines include Cressey & Company, a private equity firm focused on health care services and information-technology businesses, making a significant investment in Home Care Pulse. In addition, last week, Honor, a home care startup, acquired HCAOA member Home Instead - one of the largest providers of personal home care in the country.
Home Instead CEO, Jeff Huber, told Home Health Care News, “‘We were not for sale, and that was the direction from my board,’ Huber said. ‘But Paul Hogan — [the founder and chairman] — said, ‘If there is some sort of opportunity that you think really propels our mission and vision forward, and can really enhance the way we care for people, then that’s something we should know about and you should bring it forward.’” He continued, “‘Home Instead intends to be the default setting for people who are needing to care for their aging loved one — and not just for home care help with activities of daily living,’ Huber said. ‘They’ll come to Home Instead for a variety of products, services and direction, so that they can help their aging loved one navigate the aging process in the most successful way possible.’”
Click here to read more details about Honor’s acquisition of Home Instead.
Erik Madsen, CEO of Home Care Pulse, told Home Health Care News, “Our real goal here is to make sure that the highest quality of care at home is available to every person. And that every home care provider is able to provide the highest quality of care.” He continued with, “I think the investment that we’re going to see over the next couple of years into the senior care market is absolutely huge.”
Click here to read more about Cressey & Company’s investment in Home Care Pulse.