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Bain Capital Acquires, Will Combine Arosa and LivHOME to Create National In-Home Healthcare Provider
Thursday 11 October 2018

11 October 2018 - US-based private investment firm Bain Capital's Bain Capital Double Impact impact investing business has acquired and will combine two regional healthcare companies to create a national in-home care provider for older adult Americans and their families, the firm said.

Arosa+LivHOME will continue to create new standards of care in the fast-growing, in-home care industry, while maintaining a focus on professionalizing direct care jobs and celebrating the meaningful work of caregivers.

Financial terms of the private transactions were not disclosed.

Established in 2012, Arosa has leveraged its operational infrastructure to grow and diversify its offerings through its Nurse Care of North Carolina and Developmental Therapy Associates operating affiliates.

Today, Arosa companies provide non-medical in-home care, skilled in-home care, pediatric therapy, and facility staffing throughout Central and Eastern North Carolina.

Founded in 1999, LivHOME offers a personalised suite of in-home care and care management solutions to residents of California, Illinois and Texas through a network of experienced senior care managers.

The combined company will be led by Arosa owner and chief executive officer Ari Medoff.

Bain Capital has deep investing experience in the healthcare services sector, adding value to companies such as, Aveanna, Beacon Health Options, Epoch Holdings, HCA, Inc., Surgery Partners, and Waystar (formerly Navicure and ZirMed).

The combined company is actively seeking high performing additional sales talent to join its team as well as add-on acquisitions of high-quality care management companies.

LivHOME delivers a personalized package of care management led in-home care services for older adults and their families.

Founded in 1999, the company is dedicated to finding solutions that enable older adults to remain in their own homes as long as possible. Based in Los Angeles, LivHOME delivers the highest quality in-home care in California, Illinois, and Texas.

Founded in 2012, Arosa strives to create value by taking an operational approach to investing in the healthcare services industry.

Through its affiliates, Nurse Care of North Carolina and Developmental Therapy Associates, it provides non-medical in-home care, skilled in-home care, pediatric therapy, and facility staffing throughout Central and Eastern North Carolina.

Bain Capital Double Impact is the impact investing strategy of Bain Capital, a global private investment firm.
Details
Date Published: 11/10/2018
Target: Arosa and LivHOME
Country: USA
Sector: Healthcare
Type: LBO
Financing:
Status: Closed
Vendor:
Buyer: Bain Capital Double Impact
Comment:
Bain will combine acquired firms

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