Searchlight Capital Partners LP has completed the purchase of Care Advantage, an at-home care business in the Mid-Atlantic of the United States, from BelHealth Investment Partners LLC.
Founded in 1988, Care Advantage offers in-home care services to patients across Virginia, Maryland, Washington D.C., and Delaware. The company employs approximately three thousand personal care aides, certified nursing assistants, nurses and therapists.
“For more than three decades, Care Advantage has enabled seniors to maintain independence in the comfort and safety of their own home,” said Scott Lee, managing partner of BelHealth. “We built the leading provider of personal care services in the Mid-Atlantic by ensuring we were taking care of our incredible team of committed caregivers and clinicians. As the custodian of Care Advantage over the last four and a half years, we are thrilled we found a partner that shares our dedication to Care Advantage’s strong legacy of care. We look forward to following the Company’s continued success and growth with their next chapter”.