Product details

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Abstract

Honor Home Care, founded as an on-demand home care company, evolved into the leading home care technology and operations platforms for home care agencies across the US. In the last quarter of 2020, the Honor leadership team raised USD140 million in Series D funding to accelerate the company's geographic expansion. Seth Sternberg, CEO of Honor Home Care, must decide between two options - acquiring one large home care franchise or buying several smaller home care agencies. In this case, students are encouraged to explore the advantages and disadvantages of different partnership and acquisition opportunities to scale technology companies in the home care market. The case highlights the complexity of customer acquisition and employee recruiting, management and retention in the industry, and lays out how Honor sought to tackle these challenges, as well as the strategic decisions they faced along the way. The case also chronicles the evolution of the home care industry in the United States, highlighting the market structures that impacted the company's growth.

Time period

The events covered by this case took place in 2020.

Geographical setting

Region:
Americas
Country:
United States
Location:
California

About

Abstract

Honor Home Care, founded as an on-demand home care company, evolved into the leading home care technology and operations platforms for home care agencies across the US. In the last quarter of 2020, the Honor leadership team raised USD140 million in Series D funding to accelerate the company's geographic expansion. Seth Sternberg, CEO of Honor Home Care, must decide between two options - acquiring one large home care franchise or buying several smaller home care agencies. In this case, students are encouraged to explore the advantages and disadvantages of different partnership and acquisition opportunities to scale technology companies in the home care market. The case highlights the complexity of customer acquisition and employee recruiting, management and retention in the industry, and lays out how Honor sought to tackle these challenges, as well as the strategic decisions they faced along the way. The case also chronicles the evolution of the home care industry in the United States, highlighting the market structures that impacted the company's growth.

Settings

Time period

The events covered by this case took place in 2020.

Geographical setting

Region:
Americas
Country:
United States
Location:
California

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