‘It’s A Number That’s Worth Paying Attention To’: Understanding Private Equity’s Role In Home-Based Care

Private equity’s influence in home-based care and health care at large has been exaggerated. But the active health care firms still play an important role. Pitchbook estimates that PE-backed providers represent 3.3% of the U.S. health care provider ecosystem by revenue. There are at least 73 PE-backed home-based care providers, according to Pitchbook, which represents […]

PE Sponsors Of Comfort Keepers, New Day Healthcare Are In Home-Based Care For The Long Haul

While some private equity investors have been sidelined by macro and micro headwinds, there are still plenty of PE firms invested in home-based care that like where they are. On the Medicare-certified home health side, one factor that may have made investors hesitant to enter the space is the challenging payment landscape. Despite this, Kaltroco […]

New Service Lines, More Growth: What’s Next For Senior Helpers Under Waud Capital

Three years after being acquired by Advocate Aurora Health, Senior Helpers has a new home. The personal care company has been sold to Waud Capital, a Chicago-based middle-market private equity firm. Senior Helpers declined to disclose the transaction purchasing price. The wheels for the acquisition began turning following Advocate Aurora’s merger with Atrium Health in […]

Nautic Partners Scoops Up Home Health Provider Angels of Care

The private equity company Nautic Partners has completed one of the first PE-driven deals of 2024. Announced Tuesday, the firm is acquiring the McKinney, Texas-based Angels of Care from Varsity Healthcare Partners. “I am extremely grateful to the entire VHP team for their extensive capital, operational and strategic support, which was instrumental in enhancing the […]

Home-Based Care Provider BrightSpring Health Services Again Eyeing IPO

The home- and community-based services provider BrightSpring Health Services once again is planning to go public. Backed by the PE firm KKR, BrightSpring originally planned to raise $800 million in an IPO. In November of 2022, it ultimately decided against that course of action. Now, an IPO – this time with a goal of raising […]

‘We’re Going To Be Here For A Long Time’: Inside The Vistria Group’s Home-Focused Investment Strategy

The Vistria Group, a Chicago-based private equity firm, believes in home-based care’s value. Its investments back that up. Over the years, the company has built a diverse portfolio of home-based care assets that include home health and home care providers, vendors and a management services company. Specifically, those assets include Help at Home, Mission Healthcare, […]

The PE-Backed Avid Health at Home Has Lofty Goals From The Get-Go

The Dallas-based private equity firm Havencrest Capital Management has its home care platform. That’s Avid Health at Home, which has aggressive growth plans from the outset. The company was first unveiled in early August. It was created in conjunction with Havencrest’s acquisition of For Papa’s Sake Home Care, which is a personal home care provider […]

Contessa Co-Founder Travis Messina Takes Over as CEO of Regent Surgical Health

Travis Messina co-founded Contessa Health as a hospital-at-home startup in 2015. He served as CEO until March 2023, helping to grow the business into a higher-acuity care innovator with joint venture partnerships with some of health care’s biggest names. Messina now finds himself leading another organization. The Franklin, Tennessee-based Regent Surgical Health announced Monday that […]