In its first foray into home accessibility solutions, Best Life Brands, a private equity-owned holding company for myriad senior care firms, announced Monday it has acquired accessibility and mobility solutions firm Next Day Access for an undisclosed amount.
“The accessibility space has been interesting to us since I joined Best Life Brands,” J.J. Sorrenti, chief executive officer of Best Life Brands who joined the firm in 2020, said in an interview with McKnight’s Home Care Daily Pulse. “It’s a really exciting opportunity for us.”
Next Day Access provides residential and commercial accessibility solutions such as wheelchair ramps, startlifts, grab bars, bathroom modifications and more for seniors aging in place in the United States and Canada. Its acquisition, according to company leaders, will help Next Day Access and Best Life Brands expand and provide better aging resources for older adults seeking to remain independent at home.
“Together we can leverage our respective strengths to make a positive impact on the lives of even more individuals in need of accessibility solutions,” Dave Clark, co-founder of Next Day Access, said in a statement Monday. “This acquisition represents a significant step forward in our mission to provide reliable, efficient and compassionate care to those we serve.”
Best Life Brands, meanwhile, touts under its umbrella home care franchises ComForCare, At Your Side and Boost Home Healthcare, as well as senior care provider CarePatrol. The company aims to leverage its internal synergies to improve business across all of its home care brands, including the new home accessibility segment, Sorrenti said.
“We’ll be able to, just in that continuum of care, move back and forth the seniors as they need our solutions,” he noted. “It’s a new vertical for us, but one that we feel is very synergistic to the other brands we have today.”
Rich vertical
And it’s a vertical with plenty of opportunity, he added. As the population of seniors in the US continues to grow, so will demand for home accessibility equipment, Sorrenti explained. Meanwhile, the country is in short supply of “aging-ready homes,” which need to have all the necessary accessibility features for older adults to live independently, according to the Census Bureau.
“People want to stay in their homes,” Sorrenti said. “These accessibility solutions allow them to do that. It gives them more independence; it gives them functionality in the home; it gives them comfort and safety; and most importantly, it gives them dignity.”
The Riverside Company, a private equity firm with more than 140 companies in its portfolio, owns Best Life Brands. Michele Popelka, a sales, operations, marketing, coaching and advising expert for franchise operations, will step in as brand president of Next Day Access, according to a release.
