Will caregivers stay after I buy a home care agency?
Not automatically, so plan for it. Find out in diligence who schedules the visits and which caregivers clients ask for, announce the change yourself and early, and keep pay and scheduling steady after closing. Send employment questions to your lawyer before you promise anything to staff.
A home care agency has few assets beyond its caregivers, coordinators and the trust clients place in them. If they leave, clients may follow. You cannot control that, but you can learn a great deal before you buy and handle the first days with care. What buyers of a home care agency underestimate covers the wider pressures.
Learn who really holds the agency together
Ask who builds the schedule, who answers the phone when a caregiver is sick and which caregivers clients request by name. Ask whether a coordinator matters more to caregivers than the owner does. Ask the seller whether those people know about the sale and how they feel about it. Speak with them before closing if the seller allows it.
Announce the change yourself
Staff should hear about the sale from the seller and from you, in person if possible, and before it reaches them as a rumour. Explain who you are, what you plan to keep the same and who they can talk to with concerns. Do not promise what you have not checked. Ask your lawyer what the agreement says about existing staff.
Keep the first weeks steady
Keep pay dates, scheduling habits and supervisors the same at first. Change one thing at a time, and explain it before it happens. Check in with caregivers individually, and ask what makes their work harder.
- Keep the same coordinator on the phone where you can.
- Pay on the usual dates and in the usual way.
- Leave client and caregiver pairings alone unless someone asks.
- Give a named person staff can reach directly.
Send the employment questions to your lawyer
Whether staff transfer, on what terms and with what notice are questions for your lawyer. Ask before you speak to anyone about their position. Read the home care due diligence guide for the records to request.
Related reading
15 pages on the same subject, grouped by topic.
Buying
- GuideBuying a home care agency in Canada
- Expert answerWhat do buyers of a home care agency often underestimate?
- Expert answerIs buying a non-medical home care agency different from buying a home health agency?
- GuideBuying a Long-Term Care Home in Canada
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Sources
This answer is checked against primary sources. Links were last confirmed on the dates shown.
- 01Business Development Bank of CanadaGovernmentAfter buying a business, what is the next step?
- 02Business Development Bank of CanadaGovernmentHow to conduct due diligence when buying a business
- 03Business Development Bank of CanadaGovernmentWhat are the steps to buying a business?
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