Searchlight Capital Acquires Majority Stake in Care Advantage
June 1, 2021
Funds advised by Searchlight Capital Partners have acquired a majority stake in Care Advantage, a Richmond-based in-home care provider. Searchlight purchased the business from BelHealth Investment Partners to support Care Advantage's organic growth and accelerate expansion into additional U.S. states through M&A; terms were not disclosed.
- Buyers
- Searchlight Capital Partners, L.P.
- Targets
- Care Advantage
- Sellers
- BelHealth Investment Partners
- Industry
- Healthcare Services
- Location
- Virginia, United States
- Transaction Type
- Buyout
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