Two senior living leaders have spoken of “self-disruption” in recent weeks. Bickford Senior Living Executive Vice President Alan Fairbanks used the term during his appearance on the SHN podcast, Transform. And HumanGood CEO John Cochrane gave an entire keynote presentation on the concept at the LeadingAge Illinois conference on May 17. Cochrane summed up the […]
Honor
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 […]
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 […]
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 […]
Back in April, I observed that capital is pouring into the home care sector, and that senior living providers need to be alert to threats and opportunities posed by growth and innovations in at-home care. So, I’m not surprised that there’s an emerging trend of senior living providers starting or expanding at-home care business lines. […]
Home care startup Honor — which is working with senior living providers such as Eskaton — could receive a $150 million investment from SoftBank Vision Fund 2, CNBC reported Thursday. SoftBank backing would be good news for San Francisco-based Honor and its partners but also underscores that home care — considered by many people in […]
A partnership with tech-forward home care startup Honor has enabled senior living nonprofit Eskaton to boost revenue and smoothed the organization’s expansion into new markets. But the partnership did not get off to an auspicious start. Sacramento, California-based Eskaton completed its transition to the Honor platform in Dec. 2018, and issues emerged soon after. “By […]
Home care is hot, if a recent $42 million funding grab is any indication of where technology is making waves in the health care space. Home care startup Honor has announced the eye-popping figure in a Series B round. The figure may give senior housing providers some pause, as many already view home care as the biggest […]
Senior care has officially sparked Google’s interest. Google Capital on Wednesday announced it has invested $46.35 million in Waltham, Massachusetts-based Care.com, Inc. (Nasdaq: CRCM), the world’s largest online marketplace for finding and managing family care. Google Capital, a growth equity fund backed by technology conglomerate Alphabet (Nasdaq: GOOGL), invests in companies that are driving disruption […]
Trends, influenced by tailwinds and headwinds, blow strong and then can change course over short periods or over a span of many years. On an airplane, these tailwinds and headwinds create turbulence, causing temporary discomfort that typically passes with smoother air ahead. So even though a slight tailwind at the senior housing industry’s back is […]