The home-based care provider Care Advantage is at somewhat of an inflection point.
Last year, the private investment firm Searchlight Capital landed a majority stake in the company. With a greater access to capital, the company is determined to gain an even stronger footprint in the Mid-Atlantic U.S., and its recent acquisitions reflect that.
Overall, Care Advantage provides a mix of personal care support and skilled services through its over 40 locations in Virginia, Maryland, Washington, D.C., and Delaware.
Moving forward, the company has a lot of irons in the fire. Those include: its unique partnership with Anthem, which involves upside risk, but will likely involve downside risk in the future if everything goes as planned; a strategic growth plan that could eventually take the company outside of the Mid-Atlantic area; and further involvement in skilled home health.
Care Advantage CEO Tim Hanold has been at the helm for four years now and has heightened the company’s aspirations.
Hanold joined Home Health Care News for a conversation detailing those aspirations, including those mentioned above and others as well.
HHCN is pleased to share the recording and highlights of our HHCN+ TALKS conversation with Hanold. Read on to learn more about:
– The company’s accelerated growth plans in 2022
– How it has studied the areas its serves in order to guide its service diversification
– If Hanold sees the industry differently two years after the onset of COVID-19 in the U.S.
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The post ‘We Are the Table’: The Future of Risk-Taking for Home Care Providers appeared first on Home Health Care News.
