WindRose Health Investors has announced it has completed the recapitalization of Caregiver.
Caregiver, based in Fort Worth, Texas, is provider of intermediate, home and residential care to individuals with intellectual or developmental disabilities.
WindRose acquired its stake in Caregiver from DW Healthcare Partners (DWHP) and Council Capital. Both companies are retaining an ownership stake in the business going forward.
WindRose, which is based in New York, pursues control equity investments in healthcare companies. Founded in 2000, the firm invests in a broad range of industry segments, including outsourced services to payors and health systems, technology-enabled services, healthcare providers and value-added distribution.
DWHP, which has its U.S. office in Park City, Utah, prefers to make shareholder liquidity, management buyout and growth capital investments in mid-to-late-stage companies. Founded in 2002, the firm is focused exclusively on the healthcare industry.
Council Capital, which is based in Nashville, Tenn., focuses exclusively on healthcare services and healthcare technology. Founded in 2000, the firm targets growth and early-growth stage companies with revenues generally between $5 million and $50 million.
Terms of the transaction were not disclosed.