Elara Caring Acquires Assisted Daily Living to Expand its Services
Kanesa David — July 11, 2023 — Lifestyle
References: elara & finance.yahoo
Elara Caring is a home-based health provider based in the United States that offers services such as skilled nursing, physical therapy, occupational therapy, speech therapy, and hospice care from the comfort of the patient's home. As a result of the brand's recent acquisition of Assisted Daily Living, the two entities will work collaboratively to expand Elara's access across the U.S.
Elara's at-home care platform makes use of cutting-edge technology, data, insights, and services to accommodate home health requirements through proactive patient/client engagement and monitoring. The new acquisition will allow Elara to better serve a broader consumer demographic, as it will now have the added support of Assisted Daily Living's 50-person team.
"Elara looks forward to deploying our top-quality, compassionate and personalized health services to Rhode Island patients, wherever they call home," said Scott Powers, CEO and Chairman of Elara Caring. "Our relationship-based approach and value-based model has improved outcomes across stakeholder groups in communities nationwide—a model we are excited to bring to Rhode Island patients, families and referring partners."
Image Credit: Elara Caring
Elara's at-home care platform makes use of cutting-edge technology, data, insights, and services to accommodate home health requirements through proactive patient/client engagement and monitoring. The new acquisition will allow Elara to better serve a broader consumer demographic, as it will now have the added support of Assisted Daily Living's 50-person team.
"Elara looks forward to deploying our top-quality, compassionate and personalized health services to Rhode Island patients, wherever they call home," said Scott Powers, CEO and Chairman of Elara Caring. "Our relationship-based approach and value-based model has improved outcomes across stakeholder groups in communities nationwide—a model we are excited to bring to Rhode Island patients, families and referring partners."
Image Credit: Elara Caring
Trend Themes
1. Home-based Health Services - Expanding at-home health services to provide skilled nursing, therapy, and hospice care in the comfort of the patient's home.
2. Proactive Patient Engagement - Utilizing technology and data to engage with patients and monitor their health in a proactive manner.
3. Acquisitions for Market Expansion - Expanding market reach and consumer demographic through strategic acquisitions.
Industry Implications
1. Healthcare Services - Opportunity for healthcare providers to offer comprehensive services in the home setting, improving access and convenience for patients.
2. Technology and Data Analytics - Incorporating innovative technology and data analytics into home-based healthcare services to enhance patient care and outcomes.
3. Mergers and Acquisitions - Opportunities for businesses to expand their market presence and gain access to new consumer demographics through strategic acquisitions.
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