Cressey & Co. LP, a private investment firm focused on healthcare services and information technology businesses, bought HealthDrive, a multi-specialty clinical services organization to patients residing in long-term care (LTC) facilities, from Bain Capital Double Impact.
HealthDrive offers onsite clinical services to residents of LTC facilities, primarily serving older adults who require institutional settings of care. HealthDrive’s more than 500 clinicians provide primary care, podiatry, vision, dental, behavioral health, and audiology clinical services to more than 150,000 LTC residents each year across more than 3,800 LTC facilities spanning 20 states. Cressey’s investment and added resources will help the expansion of access to HealthDrive’s healthcare offering to more LTC facility residents.
“We look forward to what’s next and, with Cressey’s help, continuing to expand the size and scope of our clinical practices while developing new and improved methods of care delivery in partnership with our long-term care provider partners,” states Dan Baker, chief executive officer of HealthDrive.