In September 2020, Five Star Senior Living CEO Katie Potter spoke at a virtual conference hosted by home care company Honor. At the time, Potter spoke of how the lines between senior living and home care are blurring, and of ambitions to transform Five Star from a senior living and rehab company into a diversified […]
Category: Home Healthcare
Bickford Senior Living Executive Vice President Alan Fairbanks believes the writing is on the wall for private-pay assisted living. By that, he means he can see a day in the not-too-distant future when care coordination and value-based care upend normal business for many senior living operators. “We better begin to think differently as an industry […]
Within just three years, $265 billion worth of health care services for older adults could shift from facilities to the home, without reducing quality or access. That’s based on a survey of physicians conducted by McKinsey & Co., with results shared in a report issued Feb 1. The report is a must-read for senior living […]
EveryAge has some ambitious plans, as the senior living and aging services provider celebrates its 50th anniversary. Last month, the nonprofit – formerly known as United Church Homes and Services – completed a rebranding in conjunction with its golden anniversary. The new corporate identity goes beyond the company’s beginnings as a faith-based provider to be […]
Kris Engskov has left his position as president of Aegis Living and is set to lead a new company in the home health care space. Prior to joining Aegis in 2019, Engskov worked as executive vice president of business integration for Starbucks (Nasdaq: SBUX) and was assistant press secretary and personal aide to U.S. President […]
Health system ProMedica — which operates a large portfolio of senior housing and care communities — is launching a new initiative that it hopes will create a paradigm shift in how people, including older adults, receive care and improve quality of life. The Healthcare Redefined Initiative, announced last week, takes a data-centric approach to health […]
Joint venture partners Brookdale Senior Living (NYSE: BKD) and HCA Healthcare (NYSE: HCA) are selling home health, hospice and therapy agencies across 22 states to LHC Group (Nasdaq: LHCG). Financial terms of the deal were not disclosed, but Lafayette, Louisiana-based LHC expects $146 million in annualized revenue from the acquisition, according to a press release […]
In 2019, Reddit Co-Founder Alexis Ohanian told me that he expects senior living to be disrupted within 10 years. Here’s how I summed up his thinking: “Ohanian believes that a new senior living brand could emerge that has ‘amazing software really built into every bit of the process,’ to better appeal to and serve the […]
A bill introduced last month in the United States Senate would allow in-home care alternatives to skilled nursing facilities and poses substantial ramifications for private-pay senior living providers. Sponsored by Sens. Debbie Stabenow (D-Mich.) and Todd Young (R-Ind.), the Choose Home Care Act of 2021 would allow certain Medicare beneficiaries to receive extended Medicare services […]
Tech-forward home care company Honor has acquired Home Instead, one of the largest home care providers in the U.S, in a move that would create a company with more than $2.1 billion in home care services revenue and potentially impact the senior living industry. Omaha, Nebraska-based Home Instead is an in-home care services franchisor with […]
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