CEO DATELINE - Assisted living groups to join forces
CEO DATELINE - Assisted living groups to join forces
- March 11, 2019 |
- Walt Williams
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Three organizations representing assisted living providers have signed an agreement to align their operations but stopped short of calling the move a merger.
LeadingAge and ElevatingHOME—along with ElevatingHOME subsidiary Visiting Nurse Associations of America—recently announced they had entered into an agreement "with the intent to affiliate." The groups did not say what the new partnership means for staff or their organizational structures, but the news site Home Health Care News reported VNAA and ElevatingHOME would become part of LeadingAge should their members approve the proposal.
"Over the next several months, our three organizations will move forward in the process of achieving strategic and operational alignment," the groups said in a joint statement.
LeadingAge is a $21 million-revenue 501(c)(3) group representing nonprofit care providers. VNAA, representing the nonprofit home-based care industry, reported revenue of $2.3 million in 2016. ElevatingHOME was created in 2017 as a 501(c)(6) parent organization to unify and advocate for the home-based care industry.
VNAA and ElevatingHOME will continue to function independently should members approve the intent to affiliate, at least at first, according to Home Health Care News. http://bit.ly/2Uwsen8
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