Footer Franchise Blog Posts https://www.comforcare.com/franchising/blog.html Keep updated with Footer Franchise Blog Posts information. en-us Footer Franchise Blog Posts Coronavirus-Induced Recession Could Create Home Care Franchise Boom (Home Health Care News) https://www.comforcare.com/franchising/blog/Coronavirus-Induced-Recession-Could-Create-Home-Care-Franchise-Boom-Home-Health-Care-News_AE157.html Despite its many negatives, the global recession induced by the COVID-19 virus could set the stage for home care franchise systems to see a period of strong growth.

In addition to being a public health emergency, COVID-19 is having a far-ranging economic impact. As states began implementing shelter-in-place orders, asking residents to stay home and avoid in-person gatherings to curb the spread of the virus, there has been a reduction in general business activity and a spike in unemployment.

Read more in the Home Health Care News.

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https://www.comforcare.com/franchising/blog/Coronavirus-Induced-Recession-Could-Create-Home-Care-Franchise-Boom-Home-Health-Care-News_AE157.html
Best Life Brands Sets Record Franchise Development Growth in April (Franchising.com) https://www.comforcare.com/franchising/blog/Best-Life-Brands-Sets-Record-Franchise-Development-Growth-in-April-Franchising.com_AE156.html May 11, 2020 // Franchising.com // BLOOMFIELD HILLS, MI - Best Life Brands, LLC ("Best Life Brands"), a family of companies focused on the well-being of clients along the continuum of senior care, set a new company record by awarding new franchise agreements in six states across all brands in April. The franchise development milestone marked a 200 percent increase in growth over April of 2019 and the strongest month in company history.

"We at Best Life Brands have recognized the needs of an aging population long before coronavirus infiltrated our daily lives. And we are watching the demand for our services only continue to grow," says J.J. Sorrenti, CEO of Best Life Brands. "Even in the midst of a pandemic, we are experiencing a surge in interest from franchisee candidates who recognize this as an immensely high-growth space and that our services will forever be essential."

With shelter-in-place and travel restrictions, the Best Life Brands teams shifted to virtual discovery days and new franchise owner online training sessions. The first remote franchisee training class will allow seven new franchise locations to open their doors this month with many more signed in April expected to open this summer. The organization is welcoming new locations for CarePatrol in Grand Prairie, Texas; Buffalo, New York, and Battle Creek and Kalamazoo, Michigan; two new ComForCare owners sign for two territories each in Chicago and Naperville, Illinois and Ann Arbor and Downriver, Michigan; and Blue Moon Estate Sales in Needham, Massachusetts and Duluth, Georgia.

Read more in Franchising.com

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https://www.comforcare.com/franchising/blog/Best-Life-Brands-Sets-Record-Franchise-Development-Growth-in-April-Franchising.com_AE156.html
Riverside Touts Ability to Fill Gaps During M&A 'Giant Pause' (Franchise Times) https://www.comforcare.com/franchising/blog/Riverside-Touts-Ability-to-Fill-Gaps-During-MA-Giant-Pause-Franchise-Times_AE154.html As many M&A deals ground to a halt in the pandemic, private equity firm Riverside took an unusual step: sending an open letter saying they had capital to provide to get deals done.

"In the world of deal-making, it might feel like we hit a giant 'pause' button. At Riverside, we have a lot of tools to get things restarted," the letter said, then laid out ways Riverside can provide "non-control" capital to "bridge the gap in the capital structure if lenders have changed terms in this challenging environment."

Read more in Franchise Times

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https://www.comforcare.com/franchising/blog/Riverside-Touts-Ability-to-Fill-Gaps-During-MA-Giant-Pause-Franchise-Times_AE154.html