Los Angeles, CA (PRWEB) February 10, 2014
Today, 24Hr HomeCare, an in-home care provider for seniors and individuals with disabilities, announced that it has been named as one of the 20 Amazing Companies Founded During the Financial Crisis, a list compiled by Forbes Magazine. The companies were selected from Forbes’ List of 100 of America’s Most Promising Companies, released last week, on which 24Hr HomeCare ranked No. 24.
The El Segundo-based company was founded over five years ago, in October of 2008. During the Financial Crisis of 2007- 2008, established financial institutions collapsed, multinational corporations necessitated government bailout, and real estate valuation and stock markets suffered. 24Hr HomeCare’s three co-founders, David Allerby, Tyner Brenneman-Slay, and Ryan Iwamoto had just developed the idea of an in-home care company that combined the professionalism of a corporation with the personal touch of a small business, and opened the doors of their first office in Torrance, California.
“As businesses were shutting down and liquidating, we took advantage and purchased all of our office furniture and equipment at dirt cheap prices,” said Allerby, CEO of 24Hr HomeCare. The new company provided recession-resistant services for the elderly, introducing diagnosis-specific care processes and technological advancements to improve quality of care. As declines in consumption led to cost-cutting and downsizing for American industry, 24Hr HomeCare reinvested its earnings towards opening new offices throughout California, providing employment to over 3,000 Caregivers since its inception. It has experienced a 2,071% growth, earning $1.4 million in revenue in 2009 and $29 million in 2013, as cited in Forbes.
This spring, 24Hr HomeCare will open its 9th location in Palo Alto, California. The company predicts continuous growth as it invests in training its Caregiver workforce in diet planning, fall prevention, and new approaches to caring for Dementia patients.