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 […]
Bickford Senior Living is partnering with HomeCare Advocacy Network (HCAN) to launch a new home care service line. The Olathe, Kansas-based operator is launching the new home care service line, a franchise of HCAN dubbed Bickford Home Care, at four of its locations: two in Chicago; one in the Cedar Rapids/Iowa City market and one […]
Lifesprk — a company that specializes in providing value-based care largely through home- and community-based services — is acquiring Tealwood Senior Living. The transaction could prove to be a milestone for how senior living providers are integrated into population health efforts, with Green House and Eden Alternative visionary Dr. Bill Thomas leading the efforts to […]
