HPS Investment Partners has led private credit financing worth roughly $700m for US-based home healthcare provider Elara Caring, according to a report by Bloomberg citing a person familiar with the matter, with Sixth Street also participating.
The debt package accompanies a strategic equity investment from the private equity arm of Ares Management alongside healthcare company DaVita, aimed at supporting Elara’s growth plans.
Bloomberg reported that DaVita’s chief strategy officer, Steve Phillips, said the investment reflects a focus on expanding access to personalised, in-home care for patients with complex and acute needs. The deal comes amid rising investor interest in home-based care, driven by ageing demographics and patient preference to remain in their homes during old age.
