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SYNERGY HomeCare Announces Growth Plans for 2012
After achieving revenue growth of 34% and surpassing the $50 million dollar total revenue milestone, SYNERGY HomeCare, a fast growing national home care franchisor, projects to grow revenues by 48% in 2012.
SYNERGY HomeCare, national home care franchisor projects to grow revenues by 48% in 2012. The company, an innovator in the home care industry, grew revenue by 34% in 2011 and surpassed the $50 million annual revenue milestone during the year. New franchises, effective operations, and the addition of medical services contributed to this success. To help achieve their growth targets, SYNERGY HomeCare will add 77 new franchises and 15 new regional developers to its network in 2012. In addition to contributing to SYNERGY HomeCare’s sales growth, these new franchises have the potential to generate more than 7,500 new jobs in the next two years.
SYNERGY HomeCare is experiencing the effects of changing age demographics in the United States. According to the U.S. Census, 36.3 Million Americans are 65 and over. The projected number of people to fall into this age bracket will increase to 86.7 million by 2050. Roughly 85% of these people will eventually require some sort of in-home caregiving assistance in their life time.
Many seniors prefer to live comfortably in their own home rather than endure the disruption and substantially higher costs of an assisted living facility. Since independence and comprehensive care options are such a high priority for seniors, home care is a popular option for this fast-growing population.
The reputation of home care as a preferred long term care solution is also one of the reasons many aspiring business owners choose SYNERGY HomeCare as their next venture. In addition to offering single and multi unit franchise opportunities, the SYNERGY HomeCare introduced the regional development program to the system in early 2011.
“Adding regional developers boosted interest, not only at the regional level, but also on the unit and multi unit level”, says founder and CEO Peter Tourian. “Prospective franchisees are attracted to the localized and personal support provided by regional developers, and both opportunities can be extremely rewarding. We look forward to an unprecedented volume of new franchise owners and regional developers in 2012.”
The franchise industry supports this growth outlook too, senior care was listed by the International Franchise Association as one of the top ten franchise growth trends for 2012. Entrepreneur magazine’s list of the top 500 franchise systems moved SYNERGY HomeCare up 5 spots to #177 in their 2012 rankings.
“Our 34% revenue increase in 2011 was substantial and our 48% growth projection in 2012 is an achievable goal for our rapidly expanding system”, says Peter Tourian. “I am looking forward to another fantastic year for our franchise and regional developer partners!”
About SYNERGY HomeCare
SYNERGY HomeCare, a national franchisor of non-medical and medical home care, was founded in 2000 in Gilbert, Ariz. SYNERGY HomeCare now has more than 130 franchises in 37 states. For additional information on home care, please visit http://synergyhomecare.com. For information on franchise opportunities, please visit http://synergyhomecarefranchise.com.
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Synergy HomeCare is a franchisor of home care agencies that provide medical and non-medical care for seniors and people of all ages.