Context

Vistria and Centerbridge Partners jointly acquired Help at Home from Wellspring Capital Management, which had owned the business for approximately five years. The transaction represents the final platform investment of Vistria Fund II and simultaneously the first investment of Vistria Fund III, reflecting the deal's significance within Vistria's fund lifecycle. Vistria and Centerbridge will hold equal board representation at Help at Home. The investment is consistent with Vistria's thematic focus on the structural shift in US healthcare delivery toward home and community-based settings, and follows their prior joint investment in Civitas in 2019

Target

Help at Home is a leading US provider of home care and community-based services, founded in 1975 and headquartered in Chicago, Illinois. The company provides a broad range of medical and non-medical in-home care services to seniors and persons with disabilities across 13 states — Alabama, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Mississippi, Missouri, Pennsylvania, South Carolina, and Tennessee — through a network of more than 155 locations caring for over 60,000 clients. Help at Home's model is centred on enabling elderly and disabled individuals to continue living independently in their homes and communities, rather than in institutionalised care settings.