Bain Capital Double Impact, Bain Capital’s appulse advance business, has acquired two bounded healthcare companies to anatomy Arosa LivHOME, an in-home affliction provider for earlier developed Americans and their families. Ari Medoff, buyer and CEO of Arosa, will advance the accumulated company.
DURHAM, NC, LOS ANGELES, and BOSTON – October 9, 2018 – Bain Capital Double Impact, the appulse advance business of Bain Capital, today appear that it has acquired and will amalgamate two bounded healthcare companies to actualize a arch civic in-home affliction provider for earlier developed Americans and their families. Arosa LivHOME will abide to actualize new standards of affliction in the fast-growing, in-home affliction industry, while advancement a focus on professionalizing absolute affliction jobs and adulatory the allusive assignment of caregivers. Banking agreement of the clandestine affairs were not disclosed.
Established in 2012, Arosa has leveraged its able operational basement to abound and alter its offerings through its Nurse Affliction of North Carolina and Developmental Assay Associates operating affiliates. Today, Arosa companies accommodate non-medical in-home care, accomplished in-home care, pediatric therapy, and ability staffing throughout Central and Eastern North Carolina. Founded in 1999, LivHOME offers a alone apartment of in-home affliction and affliction administration solutions to association of California, Illinois and Texas through a arrangement of accomplished chief affliction managers. The accumulated aggregation will be led by Arosa buyer and Chief Executive Officer Ari Medoff.
“The alliance of these two companies, accumulated with Bain Capital’s all-encompassing acquaintance acknowledging healthcare providers, presents a different befalling to transform the in-home affliction industry,” said Medoff. “This affiliation allows us to accommodate college affection alone affliction to clients, as able-bodied as advance able development opportunities for caregivers. We are captivated to assignment calm with the Bain Capital Double Appulse aggregation to accession the bar for the industry.”
“As Americans alive longer, admission to alone in-home healthcare has become capital to ensuring abundance and accord of mind. Arosa LivHOME’s accomplished affliction managers, who are acute to the evolving needs of individuals and their families, advice accomplish this a reality,” said Deval Patrick, a Managing Director at Bain Capital Double Impact. “We see cogent opportunities for the accumulated aggregation to advance affection of action for earlier adults, their families, and committed caregivers.”
Bain Capital has abysmal advance acquaintance in the healthcare casework sector, abacus amount to companies such as, Aveanna, Beacon Bloom Options, EPOCH Holdings, HCA, Inc., Surgery Partners, and Waystar (formerly Navicure and ZirMed).
“We are aflame to assignment with Ari and his administration aggregation to body the capital mission-oriented, in-home affliction provider in the US and to drive improvements to the application archetypal and accredit new career paths for affliction givers,” added Warren Valdmanis, a Managing Director at Bain Capital Double Impact.
“By aing Arosa LivHOME, we accept the befalling to actualize a civic home affliction belvedere that is focused on carrying aerial affection account and differentiated care,” said Peter Spring, a Principal at Bain Capital Double Impact. “We appetite to accommodate added affliction providers who allotment our mission and area we can drive amusing appulse at scale.”
The accumulated aggregation is actively gluttonous aerial assuming added sales aptitude to accompany its aggregation as able-bodied as add-on acquisitions of high-quality affliction administration companies. For added information, amuse acquaintance business development at [email protected]
About LivHOME Inc.LivHOME delivers a alone amalgamation of affliction administration led in-home affliction casework for earlier adults and their families. Founded in 1999, the aggregation is committed to award solutions that accredit earlier adults to abide in their own homes as continued as possible. Based in Los Angeles, LivHOME delivers the accomplished affection in-home affliction in California, Illinois, and Texas. For information, acquaintance LivHOME, Inc., 5670 Wilshire Blvd., Apartment 500, Los Angeles, California 90036, 1-800-660-CARE, or appointment www.livhome.com.
About Arosa LLCFounded in 2012, Arosa strives to actualize amount by demography an operational access to advance in the healthcare casework industry. Through its affiliates, Nurse Affliction of North Carolina and Developmental Assay Associates, it provides non-medical in-home care, accomplished in-home care, pediatric therapy, and ability staffing throughout Central and Eastern North Carolina. For information, acquaintance Arosa LLC, 3200 Croasdaile Dr. Apartment 701, Durham, North Carolina 27705, 844-968-7730, or appointment www.arosallc.com.
About Bain Capital Double ImpactBain Capital Double Appulse (www.baincapitaldoubleimpact.com) is the appulse advance action of Bain Capital, a arch all-around clandestine advance firm. Bain Capital Double Appulse utilizes Bain Capital’s proven, abysmal diligence, value-added access to body abundant companies that bear both aggressive banking allotment and meaningful, assessable amusing and ecology good. Bain Capital Double Appulse focuses on bloom & wellness, sustainability, and association architecture to actualize abiding amount and allusive appulse at scale. Its ambition is to accredit the aing appearance of banking and appulse advance for our accomplice companies, which are analytic analytical amusing problems, and accomplishing so profitably. We accept that our value-added approach, accomplished team, and ample belvedere ability will advice our accomplice companies to thrive.
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