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

HELP AT HOME, which reported an EBITDA margin of LOGIN in 2020, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN discount to the average currently observed in the Healthcare & Pharma sector (13.3x).

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