Honor Technology, Inc. has acquired Home Instead, Inc., creating a $2 billion home care services company, the two announced Friday.
The deal brings together the largest, highest-touch home care network and the leading home care technology and operations platform, according to the press release.
“This is an incredibly exciting moment as we bring together the preeminent global home care brand and network with the best technology and operations platform to provide an even more amazing caregiver and client experience,” Seth Sternberg, co-founder and CEO of Honor, said in a statement announcing the deal.
“Never before in the history of the world has a company had this much reach or this much investment in technology to solve caring for aging adults, their loved ones and those who care for them,” he added.
Terms of the deal were not disclosed.
This is a developing story. Please check back for updates.
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