In an attempt to branch out, more personal home care agencies are looking to acquire companies in other sectors.
Those additions, the companies believe, will allow them to unlock opportunities and stand out among their peers, reports Home Health Care News.
A prime example is Best of Care, which purchased Moving Mentor – a move management, organizing and consulting company – at the start of the year. Best of Care is a Quincy, Massachusetts-based personal home care agency. The company has over 400 home care aides, administrative staff, care managers, nurses and move managers. The company also has a care management division, TUCKed In Eldercare.
Overall, the acquisition is a move to become a broader aging-in-place and care services provider. Read more.
