[Hamden, CT] – [July 18, 2024] – SimiTree, the premier provider of tech-enabled solutions for revenue cycle management, coding, professional services, data analytics, and talent management in the post-acute and behavioral health sectors, is proud to announce its role in the successful acquisition of Caregivers Home Health by Elara Caring. The deal, which took place in late June, expands Elara’s reach into Kansas and marks its inaugural debut in Iowa, further solidifying its position as a leading home care provider.
Elara Caring, headquartered in Dallas, TX, operates in approximately 200 locations across 18 states, serving more than 60,000 patients. “We are thrilled to have partnered with Elara Caring on this important acquisition,” said Mark Romano, Associate Principal at SimiTree. “Our comprehensive due diligence services ensure that Elara Caring is well-positioned to integrate Caregivers Home Health seamlessly into their operations, allowing them to continue providing exceptional, cost-effective home care across the care continuum.”
SimiTree conducted a comprehensive due diligence for the acquisition, including a billing risk audit, full quality of earnings, and an operational assessment. “Our expertise in home health, hospice, and behavioral health allows us a unique perspective in diligence, allowing us to go deeper and provide the client with the most meaningful information,” Romano said.
Elara Caring’s Chief Development Officer, Brent Nash, highlighted the significance of this acquisition, stating, "We are a growth-oriented company, combining organic expansion with targeted acquisitions to enhance our presence in the home care sector. Our ongoing pursuit of culturally aligned partnerships strengthens our ability to deliver exceptional care to our patients. We found that with Caregivers. We found that with SimiTree.”
As Elara Caring continues to pursue its growth-oriented strategy, SimiTree remains committed to providing the highest level of support to its clients in the home health, hospice, and behavioral health industries.
About SimiTree
SimiTree is the leading provider of tech-enabled specialty solutions, including revenue cycle management (RCM), coding, professional services, mergers and acquisitions, data analytics, and talent management for post-acute and behavioral health organizations. Our mission is to support providers through each phase of growth and patient care so they can scale and sustain their business, ultimately improving patient outcomes across the board.
Our comprehensive suite of services encompasses clinical, financial, and operational consulting, as well as outsourced services like billing, coding, OASIS, Review Choice Demonstration (RCD), Quality Assessment and Performance Improvement (QAPI), and revenue cycle management. We also offer executive placement, interim leadership, retention consulting, mergers and acquisitions support, compliance assessments, risk mitigation plans, sales and growth training, and benchmarking and data analytics.
At SimiTree, we are dedicated to driving innovation and excellence, helping healthcare organizations optimize operations, enhance patient care, and achieve sustainable growth. For more information, visit www.SimiTreeHC.com.
About Elara Caring
Elara Caring is among the nation’s leading providers of high-quality, value-based home health, offering Skilled Home Health, Hospice, Personal Care Services, Behavioral Health, and Palliative Care. With a footprint in 18 states, it serves more than 60,000 patients and clients across 200 locations. Elara’s mission is to expand home care access by embracing the industry’s most innovative technologies and models, and hiring compassionate people who believe in taking care of their patients, clients, care providers, and each other. Elara was recognized as the 2023 Home Health Innovator of the Year by McKnight’s. Visit our website and follow us on LinkedIn to learn more.