An affiliate of Peak Rock Capital announced that it has completed the acquisition of Gurnee, Illinois-based BrightStar Care. The deal was completed in partnership with BrightStar Care’s founder, Shelly Sun Berkowitz.
BrightStar Group Holdings, Inc., doing business as BrightStar Care, is a leading franchisor of home care services with more than 400 agencies nationwide. The company’s franchises provide both skilled and unskilled home care to clients and custom medical staffing solutions to corporate partners. The company was founded in 2002.
Peak Rock Capital is a middle‐market private equity firm that makes equity and debt investments in companies in North America and Europe.
J.P. Morgan and Boxwood Partners served as the financial advisors and Latham & Watkins served as legal counsel to BrightStar. Lincoln International served as the financial advisor and McDermott Will & Emery served as legal counsel to Peak Rock. Financial terms of the deal were not disclosed.
According to data captured in the LevinPro HC database, this transaction marks the 24th Home Health & Hospice transaction of the year, and the 14th in the home health specialty. There were 39 home health transactions reported in 2024, and 52 reported in 2023.
