The acquisition has created a new partnership between TheKey and AccordCare.
In-home personal care provider Companions & Homemakers, which has operated as Connecticut's leader in home care services over the past three decades, announced new ownership and branding news last week.
The organization's private pay division has been acquired by TheKey, formerly known as Home Care Assistance, which is the nation's leading provider of premium, private pay home care operating in 29 states. Companions & Homemakers private pay division will now operate under the TheKey's branding.
Additionally, Companion & Homemaker's Medicaid division was acquired by AccordCare, a home health service operating in seven states on the east coast and will continue operating under Companions & Homemakers branding.
These acquisitions mark the beginning of a partnership between TheKey and AccordCare in Connecticut, as each provider will leverage its offerings to continue to deliver quality and compassionate care. Members of the acquired care teams and operations staff will be joining TheKey's existing team in Connecticut.
"We are excited to formally welcome the Companions & Homemakers Private division team and clients to TheKey family," Matt Neal, the organization's chief development officer said in a statement. "Companions & Homemakers has distinguished itself as a leading provider for private clients for more than three decades, and we look forward to building upon its strong commitment to quality home care in Connecticut."
While Companions & Homemakers Medicaid division will keep its original branding, with AccordCare planning to enhance its management team, to enable the division to continue to provide "unmatched" care to Medicaid recipients throughout the state of Connecticut. Its acquisition now makes it the largest provider of Medicaid home care services in the state.
"We are excited about this growth opportunity and how we can broaden our Medicaid footprint and services throughout Connecticut," Brandon Ballew, AccordCare CEO said in a statement. "AccordCare will continue to focus on delivering exceptional home-based care and support to Medicaid clients along with embracing our new team members with Companions & Homemakers, building on an impressive legacy."
“Companions & Homemakers has distinguished itself as a leading provider for private clients for more than three decades, and we look forward to building upon its strong commitment to quality home care in Connecticut.”
Matt Neal, chief development officer, TheKey
Jasmyne Ray is the revenue cycle editor at HealthLeaders.
KEY TAKEAWAYS
Companions & Homemakers private pay division was acquired by TheKey, the nation's leading provider of premium, private pay home care.
Its Medicaid division was acquired by AccordCare, a home health service, and will keep it's original branding.