Category: Care Advantage Inc.
The home-based care provider Care Advantage is at somewhat of an inflection point. Last year, the private investment firm Searchlight Capital landed a majority stake in the company. With a greater access to capital, the company is determined to gain an even stronger footprint in the Mid-Atlantic U.S., and its recent acquisitions reflect that. Overall, […]
The Richmond, Virginia-based home care provider Care Advantage Inc. went through a dealmaking lull during the early days of COVID-19. Unfortunately, the pandemic has not yet completely subsided. But that lull certainly has. On Dec. 29, Care Advantage announced it acquired Dover, Delaware-based Silver Lining Home Healthcare. With the deal, the company has made three […]
CommonSpirit Health is in talks to transfer ownership of its home health operations in Minnesota and North Dakota to an undisclosed third party, according to recently released financial documents. Currently, CommonSpirit Health operates more than 1,500 care sites and 140 hospitals across 21 states. The health system has about 150,000 employees total, including 25,000 physicians […]
In June, Searchlight Capital Partners acquired a majority stake in Care Advantage, one of the largest in-home care companies in the Mid-Atlantic region. Aside from giving the company more firepower for future M&A activity of its own, the deal will likely help Care Advantage accelerate its value-based care strategy. The in-home care provider already has […]