Key Takeaways
- • Renovus Capital Partners has invested in Aspire Home Health Care, a home health provider serving the Chicago area and Wisconsin; terms were not disclosed.
- • Renovus, a lower middle market firm in the Philadelphia area with more than $2.5 billion under management, says Aspire is its sixth healthcare talent platform.
- • Aspire, founded in 2013 and based in Morton Grove, Illinois, has served more than 80,000 patients across 23 counties in Illinois and Wisconsin and plans to expand in Illinois and into new Midwest markets.
- • Co-chief executives Michael Simms and Rich Si lead Aspire; Brentwood Capital Advisors and BakerHostetler advised Aspire, while Greenberg Traurig advised Renovus.
Summary
Renovus Capital Partners has made an investment in Aspire Home Health Care, a home health provider based in Morton Grove, Illinois, that serves the Chicago area and Wisconsin. Neither party disclosed the terms of the transaction. Renovus, a lower middle market firm based in the Philadelphia area with more than $2.5 billion under management, described Aspire as its sixth healthcare talent platform.
Founded in 2013, Aspire provides skilled nursing and therapy delivered at home to patients recovering from orthopedic procedures, surgeries and complex medical conditions. According to the company's description, it has served more than 80,000 patients across 23 counties in Illinois and Wisconsin. Aspire plans to expand within Illinois and into new Midwest markets, a strategy that the investment is expected to support.
Co-chief executives Michael Simms and Rich Si lead the company. Pat Heath is a principal at Renovus. Brentwood Capital Advisors and BakerHostetler advised Aspire on the transaction, and Greenberg Traurig advised Renovus.
Founded in 2013, Aspire provides skilled nursing and therapy delivered at home to patients recovering from orthopedic procedures, surgeries and complex medical conditions. According to the company's description, it has served more than 80,000 patients across 23 counties in Illinois and Wisconsin. Aspire plans to expand within Illinois and into new Midwest markets, a strategy that the investment is expected to support.
Co-chief executives Michael Simms and Rich Si lead the company. Pat Heath is a principal at Renovus. Brentwood Capital Advisors and BakerHostetler advised Aspire on the transaction, and Greenberg Traurig advised Renovus.
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