Personal fairness agency Renovus Capital Companions has acquired dwelling well being and hospice supplier Superior Well being Holdings, Inc. taken over. Monetary phrases weren’t disclosed.

Renovus Capital Companions is a decrease center market funding agency based mostly in Philadelphia. The corporate's portfolio consists of greater than $2 billion in property, roughly 30 corporations, spanning a number of sectors, together with the know-how, healthcare {and professional} providers markets. When pursuing acquisitions, Renovus focuses on founder-owned corporations.

“We’re excited to companion with the seasoned and skilled crew at Renovus as we sit up for bringing Superior's high-quality and compassionate care to extra sufferers and households throughout the area,” stated David Martin, CEO of Superior, in a press release.

Superior gives in-home expert nursing care, remedy providers, dwelling well being aides and hospice. The corporate operates eight dwelling well being and hospice manufacturers in an space spanning 30 parishes in Louisiana.

In line with the U.S. Administration for Group Dwelling, the share of Louisiana's inhabitants over the age of 60 is rising, whereas the share underneath 60 is declining. The US Census Bureau estimates that by 2030, almost 25% of Louisiana's inhabitants can be over the age of 60, a rise of greater than 25% from 2012.

In line with the Nationwide Alliance for Care at Residence, greater than 27,550 deceased Medicare members opted for the hospice profit in 2022. This can be a share of 48.2%. The nationwide determine that yr was 49.1%, the Alliance reported.

“David [Martin] and his crew have established a powerful management place in Louisiana's rising dwelling well being and hospice care area, with a singular concentrate on compassion for the folks they serve,” stated Jesse Serventi, founding father of Renovus, in a press release. “We’re proud to assist a devoted crew as we search to scale the necessary impression Superior makes for individuals who select to obtain care within the consolation of their dwelling, whereas additionally rising to serve new communities in Louisiana and neighboring states to succeed in.”