Intermountain Health Acquires Advent Home Health

New Harbor Capital Makes Majority Investment in Advent Home Medical

March 11, 2021

Healthcare Services

New Harbor Capital has completed a majority investment in Advent Home Medical, a Pontiac, Michigan-based provider of at-home respiratory care, durable medical equipment (DME) and pharmacy services. New Harbor will partner with Advent's management to scale the company's clinical capabilities, expand within Michigan and pursue adjacent high-acuity home healthcare verticals as the founder transitions toward retirement.

TREND Health Partners Acquires Advent Health Partners

December 15, 2023

Healthcare Services

TREND Health Partners has acquired Advent Health Partners to integrate Advent’s AI-driven CAVO clinical review platform into TREND’s TRENDConnect payment accuracy and revenue integrity offering. The deal, supported by a follow-on investment from Lone View Capital, expands TREND’s capabilities to serve more payer and provider clients and scale clinical and non-clinical data analytics across the combined customer base.

Advent Home Medical Acquires Med Emporium

May 23, 2023

Healthcare Services

Advent Home Medical, a portfolio company of New Harbor Capital, has completed the acquisition of Charlotte-based Med Emporium, a regional provider of specialty respiratory care and home respiratory equipment. The add-on expands Advent's footprint across North Carolina, South Carolina, Georgia and Virginia and strengthens its capabilities in non-invasive ventilation and complex home respiratory care.

Mission Healthcare Acquires Healthy Living Network

July 14, 2021

Healthcare Services

San Diego-based Mission Healthcare has acquired Northern California-based Healthy Living Network, a multi-state network of independently owned home health agencies operating across six western states. The deal expands Mission's West Coast footprint into four new states and increases its scale—positioning the combined organization as one of the largest home-based care providers on the West Coast.

Advent Home Medical Acquires Aeratech Home Medical

September 20, 2022

Healthcare Services

Advent Home Medical, a New Harbor Capital–backed provider of high‑tech home respiratory care, has completed the acquisition of Aeratech Home Medical, an Ohio and Indiana provider of home respiratory care and equipment technology. The add‑on expands Advent’s footprint into Ohio and Indiana, bringing Aeratech’s nine offices and ~1,000 patients into the Advent platform and advancing the combined companies’ capabilities in complex home respiratory care.

Aimbridge Hospitality and Interstate Hotels & Resorts Merge; Advent to Assume Majority Stake

August 29, 2019

Restaurants & Hospitality

Aimbridge Hospitality and Interstate Hotels & Resorts entered into a definitive agreement to merge, creating a global third-party hotel management leader that will operate more than 1,400 properties across 49 states and 20 countries. Advent International, which acquired a majority stake in Aimbridge earlier in 2019, will assume majority ownership of the combined entity; Kohlberg & Company, which owned Interstate, will relinquish its stake as part of the transaction.