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New Day Healthcare Acquires AdvantageCare Home Health
Fairview, Texas-based New Day Healthcare has acquired AdvantageCare Home Health, a Hughes Springs, Texas-based senior home health and personal care provider. AdvantageCare has been serving clients in the area since 2008. New Day Healthcare was formed in 2020 by G. Scott Herman and a group of home health, home care and hospice leaders. New Day Healthcare is committed to building a home care delivery network focused on managing the fragmented home care environment and delivering a continuum of care to patients in need. New Day has 21 locations across Texas, Missouri, Kansas and Illinois. It serves nearly 82,000 patients annually and employs about 6,200 employees. In 2021, the company secured... Read More »
Best Buy Partners with Geisinger for Chronic Care Management
Minneapolis-based retail giant Best Buy has announced plans to expand its at-home care offerings through a partnership with Pennsylvania-based healthcare system Geisinger Health. Best Buy and Geisinger plan to co-create a chronic care management package in which Best Buy will supply patient engagement and monitoring, and Geisinger will bring clinical expertise to healthcare organizations. Geisinger Health comprises 10 hospitals, as well as a health plan with more than half a million members. The health system has 25,000 employees and more than 1,700 physicians. The health system also has 133 primary care and specialty clinic sites and serves 67 counties. In 2021, Geisinger... Read More »
RT Medical Announces Acquisition of True to You Homecare
Ontario-based RT Medical has announced the acquisition of True to You Homecare for an undisclosed price. True to You Homecare, formerly Homewatch Caregivers, has been providing home care services in the Toronto area for more than ten years. RT Medical is a multi-faceted health and wellness organization offering home care services, medical devices and wellness products through e-commerce operations in Canada, the United States and Australia. RT Medical also offers virtual therapy services for psychotherapy, physiotherapy, occupational therapy and nutrition counseling. RT Medical started as Rapid Test & Trace Canada, a specialized online retailer of rapid tests. This... Read More »
Together in Caring Acquires Inspire Care of Central New York
Together in Caring has acquired the care management practice of Inspire Care of Central New York. According to data captured in the LevinPro HC database, this acquisition represents the 61th Home Health & Hospice transaction of 2023. Inspire Care of Central New York is a professional geriatric care management and home-based physical/occupational therapy agency based in Liverpool, New York. Headquartered in Rochester, New York, Together in Caring is a geriatric care management service that provides care management solutions for older adults, individuals living with Alzheimer’s, dementia or chronic illness and their caregivers. Together in Caring was established in 2022... Read More »
Q2:23 Thematic Earnings Roundup
This earnings season has provided us with insights into how various publicly traded healthcare companies are navigating the current landscape. Let’s delve into the trends and outcomes that defined the second quarter of 2023. The Home Health & Hospice Market: The Erosion of Medicare Fee-For-Service The Home Health & Hospice (HH&H) market has been volatile of late, with companies like Amedisys Inc. (NASDAQ: AMED) reporting a significant shortfall in earnings and a decline in revenue compared to the same period last year. Amedisys reported a financial loss in the second quarter of $80.3 million, after reporting a profit in the same 2022 period. A significant portion of this... Read More »Schedule a demo
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