logo
Intelligence
Tracking
Tools
logo
Intelligence
Tracking
Tools

Honor Acquires Home Instead To Transform Care Experience For Caregivers And Older Adults

Aug 07, 2021•over 4 years ago

Acquiring Company

Honor And Home Instead

Acquired Company

Home

Description

Honor and Home Instead announced today that Honor Technology, Inc. has acquired Home Instead, Inc., effective Aug. 6. The acquisition brings together the largest, highest-touch home care network and the leading home care technology and operations platform to transform the professional caregiver and client experience and revolutionize care for older adults. The combined organization represents more than $2.1 billion in home care services revenue and affirms itself as the largest player in the projected $500 billion home care industry. Financial terms of the acquisition were not disclosed.

Company Information

Company

Honor And Home Instead

About

Together, Honor Technology, Inc. and Home Instead, Inc. will change the way we care for aging adults and their families. Founded in 2014, Honor is the first company ever to bring technology solutions, operational support and a large pool of caregivers to independently-owned home care agencies across the U.S. Since 1994, Home Instead has been the world's leading provider of home care services for older adults, operating in the United States and 14 other countries. The combined company will support the work of more than 100,000 professional caregivers and meet the expanding needs of millions of older adults and their families around the world. For more information, visit joinhonor.com and HomeInstead.com. SOURCE Honor and Home Instead

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed