Key Takeaways
- • HPS Investment Partners led a roughly $700 million private-credit financing for Elara Caring, a home health-care provider, according to a person familiar with the matter, as reported by Bloomberg.
- • The financing accompanies a strategic investment from Ares' private equity arm and DaVita, a health care provider, aimed at fueling Elara Caring's growth.
- • Sixth Street also participated in the financing package.
Summary
HPS Investment Partners led a roughly $700 million private-credit deal for Elara Caring, a home health-care provider, according to a person familiar with the matter, Bloomberg reported on February 18, 2026. The figure is described as approximate, and the source did not provide a detailed breakdown of the debt terms, tenor, or pricing.
The financing is linked to a strategic investment from the private equity arm of Ares Management and from DaVita, a health care provider. Bloomberg reported that the combined capital is intended to support the company's growth. Sixth Street also took part in the financing.
The transaction underscores continued demand from private credit lenders for large-scale financings tied to healthcare services businesses, with direct lenders such as HPS and Sixth Street participating alongside strategic and private equity investors.
The financing is linked to a strategic investment from the private equity arm of Ares Management and from DaVita, a health care provider. Bloomberg reported that the combined capital is intended to support the company's growth. Sixth Street also took part in the financing.
The transaction underscores continued demand from private credit lenders for large-scale financings tied to healthcare services businesses, with direct lenders such as HPS and Sixth Street participating alongside strategic and private equity investors.
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