ImpactAlpha, October 9 – Bain Capital’s Double Impact fund has invested an undisclosed amount to acquire two companies working in the in-home health sector—North Carolina-based care staffing company Arosa and Los Angeles-based care provider LivHOME—with plans to merge the two.
By 2025, there will be more than 63 million Americans over the age of 65. More than 90% of seniors want to age at home. These two trends will fuel 40% growth in the home-health sector by 2026.
The average home care job is a low-paying and doesn’t provide regular hours. Double Impact’s plan for Arosa and LivHOME is to merge the two companies and work with them to strengthen their level of service and offer “better benefits and educational programs than the industry standard.”
