GrandCare is One of The 50 Best Workplaces for Aging Services
The elder care industry consists of various segments including senior housing and at-home care. To determine the first Best Workplaces in Aging Services list, Fortune research partner Great Place to Work, analyzed survey results from more than 162,000 employees working in both aspects of the industry. See where we are on the list, click the link below:
GrandCare Chosen as a Great Place to Work
We are proud to announce that GrandCare was chosen as a Great Place to Work. See what our employees have to say, click on the link below:
GrandCare’s Luke Scott Joins Advisory Board for ROM3 Rehab
GrandCare Health Services today announced that Dr. Luke Scott, DPT, Regional Director of Rehabilitation Services, has joined the Advisory Board for ROM3 Rehab.
Dr. Scott will be assisting in the research and development of the ROM3 Rehab System, a patented technology and medical protocol that dramatically improves and speeds lower extremity rehabilitation.
Dr. Scott has helped design and test a new ROM3 device that utilizes wearable and telehealth technologies to generate real-time performance and outcome data, enabling clinicians to remotely monitor patient compliance with a prescribed home exercise program and creating a detailed medical record of a patient’s progress.
“GrandCare Health Services prides ourselves on being leaders in orthopedic rehabilitation services and pioneering innovative technologies to transform patient outcomes and the patient care experience. I am thrilled to be involved with ROM3 on this project. It opens the door to future collaborations and the possibility of working with orthopedic doctors to bring this technology to our patients,” said Scott.
About GrandCare Health Services
GrandCare Health Services is the largest five-star home health agency in Southern California, serving Los Angeles, Orange, and San Diego Counties.
About ROM3 Rehab
ROM3 Rehab is a medical technology company innovating the orthopedic space with its line of patented, next-generation physical rehabilitation equipment.
ADAPTIVE HEALTH CAPITAL CLOSES DEBT FINANCING FOR GRANDCARE HEALTH SERVICES
Pasadena, Jan 12, 2018 — GrandCare Health Services, a recognized leader in the provision of home healthcare services in Southern California for over a decade, today announced an additional debt financing deal to support the development of clinical programs to help ensure patients receive high quality care in the comfort of their home. Adaptive Health Capital, a Los Angeles-based healthcare investment fund, spearheaded the financing deal.
“Grandcare stood out to us as a promising company with not only a solid leadership team, but more critically, a clear mission-driven vision built on strong values,” commented Larry Gill, Fund Manager of Adaptive Health Capital. “Many healthcare providers make promises, but GrandCare has a track record for delivering and the team to back up its commitments. Making this investment was a no-brainer.”
GrandCare provides home health services that enable patients to rehabilitate in the comfort of their own residence. The team includes the patient and their family, the physicians, and GrandCare’s clinical teams of nurses, therapists, social workers and home health aides. GrandCare brings the entire team together to develop a plan of care that is customized to the needs of every patient.
“This new round of financing is critical to our continued development and success, and more importantly, continued high quality care for the end user – our patients” said Dr. David Bell, GrandCare’s Chairman and CEO. “We are thankful to work with Adaptive Health Capital not only for their financial support, but also their regulatory and compliance expertise.”
The timing of the deal comes during an opportune time, as 2018 is poised to be a transformative year for healthcare, and debt financing deals such as this allow GrandCare to keep up with the evolving nature of the healthcare industry at large.
About Grandcare Health Services
GrandCare Health Services has been a leader in healthcare services at home in Southern California for over a decade. Their commitment to excellence, significant experience and clinical leadership have enabled them to develop clinical programs to ensure that patients receive the highest quality of care in the comfort of their homes. GrandCare’s services include home health care, palliative care, and caregiving services. Their agencies are licensed by the Department of Public Health of California.
About Adaptive Health Capital
Adaptive Health Capital provides financial and strategic support to healthcare professionals with a focus on opportunities driven by healthcare transformation. Combining both hedge fund and private equity models, they are the first Southern California-based fund focused on healthcare innovation and next generation healthcare.
Adaptive Health Capital’s founders are seasoned entrepreneurs and executives with a track record of leadership at the nexus of healthcare strategy and business challenges. Adaptive Health Capital grew out of the vision of Harry Nelson and Rob Fuller, the co-chairs of the investment committee, who combine over four decades of healthcare industry experience. For Nelson, the founder of a suite of healthcare service organizations that have become a healthcare innovation “clearing house” in Southern California, the Fund extends his vision of problem-solving, connecting innovators and capital, and leading healthcare and life sciences companies down towards strategic growth.