BelHealth Investment Partners has announced the acquisition of Care Advantage.
BelHealth, based in New York, is a healthcare private equity firm focused on lower middle-market companies. The firm typically invests $20-50 million per company across three core healthcare segments: services, products and distribution.
Care Advantage, based in Richard, Va., is a provider of home healthcare and related services in Virginia. The company specializes in “one-on-one” nursing care in the home, hospital, nursing home or rehabilitation center.
BelHealth indicated its intent to pursue acquisitions in Virginia and contiguous states in order to expand Care Advantage’s unskilled and skilled care geographic footprint.
Terms of the transaction were not disclosed.