Home Care Agency Business Interest

searcher profile

November 27, 2024

by a searcher from Clarkson University - School of Business in Philadelphia, PA, USA

Hey Everyone,

I am a self funded searcher working on a few thesis. Looking for an asset light service business and I came across the home care agency model. I have fund quite a few deals in the space and I am wondering if anyone in here is who knows this business that wants to talk shop and give an overview of what all goes into that business, things to consider, etc?
I'm assuming its an insurance heavy business.
I'm assuming its not the easiest to find workers.
But don't want to make too many assumptions so looking to talk to anyone willing.
Thanks!

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commentor profile
Reply by a searcher
from The University of Chicago in New York, NY, USA
Owned and operated a private pay home care business for 12 yrs, happy to discuss my experiences with you or anyone. Feel free to DM me.
commentor profile
Reply by a searcher
from University of British Columbia in Calgary, AB, Canada
Hi Troy - I'm happy to chat more in-depth redacted but overall we are currently 'luke-warm' on the home care agency space. Our main reasoning is: (1) usually has heavy medicare/medicaid exposure, (2) high levels of employee churn, so you are constantly hiring, (3) low differentiation and switching costs and (4) there is a lot of ongoing litigation in the space. That being said, if you can find an agency that overcomes these barriers and a some sort of 'secret sauce', then the overall it is a verily lucrative industry.
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