Rallyday Partners, based in Denver, Colorado, announced the acquisition of Elder Care Homecare.
Provident Healthcare Partners advised Elder Care Homecare throughout the transaction.
Elder Care Homecare provides home care to seniors across New York, New Jersey, Connecticut and Massachusetts. The company provides a suite of offerings, including personal care, companionship, memory care and rehabilitation, helping seniors thrive at home.
Rallyday Partners is a private equity firm investing growth capital in founder-led companies in the healthcare, education and IT services industries.
This partnership will support Elder Care’s mission of delivering compassionate, high-quality care to seniors at home, while expanding to meet the increasing needs of the aging population. Terms were not disclosed.
According to data captured in the LevinPro HC database, this transaction represents the 68th Home Health & Hospice (HH&H) acquisition of the year, and the 36th in the home health specialty. Throughout 2024, 96 HH&H transactions were announced, 31 in the home health specialty.
