NASHVILLE, Tennessee—In December 2023, Brookdale Senior Living sold its remaining 20% equity interest in its Health Care Services unconsolidated venture and received aggregate proceeds of approximately $27 million in connection with the transaction. The company previously decreased this investment upon a sale of a portion of the venture in November 2021.
SCOTTSDALE, Arizona—As the new year begins, Executive Home Care, a provider of in-home care services, is encouraging seniors and their families to adopt achievable health and wellness resolutions.
WALTHAM, Massachusetts—Devoted Health, an all-in-one health care company for Medicare beneficiaries, delivering health insurance and virtual-first medical care announced that it has closed on $175 million of Series E funding. The round was led by a lead syndicate composed of The Space Between (TSB), Highbury Holdings, GIC, Stardust Equity, Maverick Ventures and Fearless Ventures.
WATERLOO, Iowa— U.S. Rehab is excited to announce key leadership updates. Tyler Mahncke will now serve as president following the retirement of Greg Packer, and Ted Metcalf will serve as director of business development, effective Jan. 1, 2024.
WATERLOO, Iowa—In a virtual ceremony held on Dec. 21, Dana McLaughlin was awarded the 2023 Home Medical Equipment (HME) Woman of the Year. McLaughlin is the president at Medical Services Company based in Cleveland, Ohio.
BOULDER, Colorado—Compass Health Brands has announced the further expansion of its company’s Authorized Service Center network with the addition of Quality Biomedical, a nationwide provider of fleet management services, and specialists in respiratory equipment maintenance and repair.
OWINGS MILLS, Maryland—The Board of Certification/Accreditation (BOC) is calling for nominations for its Certificant of the Year Award. The award recognizes one BOC-certified individual for outstanding achievements in service, research and outreach.
SPRINGFIELD, Illinois—The Illinois Department of Healthcare and Family Services (HFS) announced the approval of eleven applications to proceed toward certification in the Supportive Living Program for Dementia Care Settings.
DENTON, Texas—ManaMed LLC, an orthopedic mobility and post-operative rehabilitation equipment company, announced several new leadership appointments at the end of 2023. The company said that its new structure aims to highlight it's commitment to innovation and the customers they serve in the medical device market.
