Bain Capital Double Impact, the impact investing business of Bain Capital, waded into the Home Health Care sector last week. The fund acquired two regional companies on both coasts in order to combine them and create a national home care platform for older adults called Arosa+LivHome.
Arosa, based in Durham, North Carolina, operates Nurse Care of North Carolina and Developmental Therapy Associates. The companies provide non-medical in-home care, skilled in-home care, pediatric therapy and facility staffing throughout central and eastern North Carolina.
Out in Los Angeles, LivHome offers a personalized suite of in-home care and care management solutions to residents of California, Illinois and Texas through a network of senior care managers.
Arosa’s owner and CEO, Ari Medoff, will lead the combined company.