M&A: HHAeXchange Acquires Generations Homecare System

What You Should Know: 

HHAeXchange, a provider of homecare management solutions, announced today the acquisition of Generations Homecare System

– Generations offers a comprehensive software solution designed to streamline operations, improve care team collaboration, and ensure compliance for homecare agencies. The strategic move reinforces HHAeXchange’s position as a frontrunner in the homecare technology space.

A Growing Market Demands Innovation

The homecare industry is experiencing significant growth, driven by an aging population and increasing demand for personal care services. By 2035, the need for personal care aides is projected to surge by 43%. This necessitates robust software solutions that can adapt to the evolving needs of providers, caregivers, and payers, especially regarding compliance and user-friendliness.

Building a Stronger Ecosystem for Homecare

HHAeXchange’s acquisition of Generations follows its recent acquisition of Cashé Software, a Minnesota-based leader in homecare operations and billing solutions. By integrating Generations’ expertise, HHAeXchange expands its reach into new markets and strengthens its talent pool with specialists in homecare technology. Ultimately, this benefits the entire industry by creating a more valuable ecosystem for clients, partners, and stakeholders.

Generations: A Legacy of Quality Technology

Founded in 2002 with a commitment to exceptional technology, Generations has built a strong reputation for quality homecare software. Currently serving over 700 customers across 48 states, Generations plays a vital role in streamlining operations and ensuring compliance for homecare agencies.

Ensuring a Smooth Transition

To ensure a seamless integration, Lisa Ferden (Generations Co-Founder and COO) and Lance Ferden (Generations Co-Founder and CTO) will serve in advisory roles during the transition period. Their expertise will be instrumental in creating a smooth onboarding experience for Generations’ customers and employees.

“As HHAeXchange remains focused on building a better product that supports our dynamic industry, we’re thrilled to combine forces with the Generations team, which is known for its homecare technology expertise,” said Paul Joiner, HHAeXchange’s Chief Executive Officer. “This deeper talent bench, along with an expanded geographic footprint, will move us closer to fulfilling our mission of enabling caregivers, families, providers, and payers to deliver the best care in the home.”

“At HHAeXchange, we’re dedicated to revolutionizing homecare by empowering providers with the best tools and solutions. Our recent acquisitions of Cashé Software and Generations Homecare System represent a significant milestone in this journey, underscoring our commitment to enhancing the care experience for caregivers and members nationwide. With this newly fortified combination of expertise and values, we’re strategically positioned to drive meaningful change in the industry and make a lasting impact on the lives we serve,” Joiner added.