Wellspring Capital Management has acquired Caring Brands International. The Caring Brands International business is broken up into three global including: Interim HealthCare, Bluebird Care and Just Better Care.
The brands represent 550 locations operated by 250 franchise owners. These brands are positioned to offer the full spectrum of at home healthcare.
“We have been strong advocates of high-quality home-based care providers that enable seniors, individuals with medically complex care needs, and others with disabilities to live independently in their homes,” said Naishadh Lalwani, partner at Wellspring. “CBI and their franchisees and operators have developed a stellar reputation of empowering individuals to live life on their own terms and we are excited to partner with Jennifer and team to continue to grow that mission.”
Adams Street Partners, Blackrock, Madison Capital and AEA Investors provided the financing for this transaction. McDermott Will & Emery LLP served as legal counsel and Houlihan Lokey served as financial advisor to Wellspring. Lincoln International served as financial advisor, and Kirkland & Ellis LLP served as legal counsel to CBI.