4 Organizations Expanding Home Health Care Reach Through … – HealthLeaders Media

Analysis  |  By Jasmyne Ray  
   December 30, 2022

The demand for providing care in the home makes for a busy market.

Home health organizations worked to grow their reach and resources this year to accommodate the increasing elderly population. Mergers and acquisitions (M&A) in 2022 helped organizations extend their services to more people, and some hospitals even began adding home health to their service lines.

Here are four HealthLeaders articles featuring home health organizations that expanded, purchased, or partnered with other organizations this year to grow their footprint.

Care Advantage Expands Reach to North VA

Care Advantage, Inc., acquired Care Perfections Health Services, LLC, Virginia, an in-home care company, earlier this month. The completion of this deal marks the privately owned home health company’s 19th acquisition since 2018, and its seventh since joining with Searchlight Capital Partners in 2021.

Home health organizations worked to grow their reach and resources this year to accommodate the increasing elderly population. Mergers and acquisitions (M&A) in 2022 helped organizations extend their services to more people, and some hospitals even began adding home health to their service lines.

Here are four HealthLeaders articles featuring home health organizations that expanded, purchased, or partnered with other organizations this year to grow their footprint.

Care Advantage Expands Reach to North VA

Care Advantage, Inc., acquired Care Perfections Health Services, LLC, Virginia, an in-home care company, earlier this month. The completion of this deal marks the privately owned home health company’s 19th acquisition since 2018, and its seventh since joining with Searchlight Capital Partners in 2021.

Post-acute leaders should pay attention to this increasing trend of private equity companies acquiring healthcare facilities and consider whether mergers of this type will be advantageous, weighing the pros and cons.

With the purchase of another Virginia-based company, Lighthouse, Healthcare, Inc, just a few days prior, Care Advantage’s geographic reach has expanded to northern Virginia.

“After a strong year of growth, both in terms of organic and M&A, to add two new markets and ultimately increase the opportunities for us to care for more Virginia residents is very exciting,” Tim Hanold, Care Advantage CEO, said in a statement.

Tampa General Expands Into Home Health Care With VNA of Florida

This summer, Tampa General Hospital (TGH) entered a partnership with Visiting Nurse Association (VNA) to provide a home health care service line to its surrounding community. TGH Home Care powered by VNA of Florida allows patients to stay within the TGH network to receive home care, with an integrated network of services to improve quality of care and patient experience.

“Staying within Tampa General means our patients can make a seamless and safer transition home. They remain our patient, which means they can more easily access the combined resources of an academic medical center and an experienced home care agency, that supports improved quality, outcomes, and overall patient experience,” Adam Smith, executive vice president and chief ambulatory officer for Tampa General, said in a statement.

Companions & Homemakers Acquired by TheKey, Medicaid Division Acquired by AccordCare

Home health service AccordCare acquired Companion & Homemaker’s Medicaid division, which will continue operating under the Companion & Homemaker’s branding.

TheKey (formerly known as Home Care Assistance) acquired the private pay division of in-home care services provider Companions & Homemakers in November. TheKey is a provider of premium, private pay home care, currently operating in 29 states. The private pay division is now operating under TheKey’s branding.

The two acquisitions mark the beginning of a partnership between TheKey and AccordCare, enabling each provider to leverage its offerings to deliver quality and compassionate care.
Jet Health Acquires Trio Home Health and Hospice

In October, Jet Health, a home health provider, acquired the Denton, Texas-based Trio Home Health and Hospice. The acquisition is Jet Health’s eighth in the last four years, furthering the provider’s goal of becoming a leader in the home health and hospice sector in the western U.S.

Trio Home Health and Hospice will remain as its own brand, but operate as one of Jet Health’s companies; thus extending the provider’s reach to central Texas.

“With each of the acquisitions Jet Health has completed of late, we have always remained focused on broadening both our offerings while extending our reach,” Stacie Bratcher, CEO of Jet Health, said in a statement.

View the discussion thread.
A new survey by PYMNTS and Lynx finds that consumers are very interested in accessing and managing their healthcare and insurance services via digital health, but they don’t want to use several…
The massive consumer electronics show returns to Las Vegas in January with a renewed focus on consumer-facing technology that personalizes and improves the healthcare journey. …
Sen. Scott Jensen, R-Minn., a physician in Minnesota, was interviewed by “The Ingraham Angle” host Laura Ingraham on April 8 on Fox News and claimed hospitals get paid more if Medicare patients are…
Heavy advertising and other strategies from Silicon Valley’s playbook boost providers’ growth but not the quality of care
Studies suggest that from one-third to more than 50% of patients either stop using their CPAP machine or never bother to fill their prescription. …


Get the latest on healthcare leadership in your inbox.

source

Leave a Comment