Personal fairness agency Nautic Companions has accomplished one of many first PE-driven offers of 2024.

It was introduced Tuesday that the corporate is buying McKinney, Texas-based Angels of Care from Varsity Healthcare Companions.

“I’m extraordinarily grateful to all the VHP workforce for his or her intensive capital, operational and strategic help, which has been instrumental in rising AOC's development and success throughout our partnership,” stated Jessica Riggs, CEO of Angels of Care, in a press release.

Angels of Care supplies non-public nursing, expert nursing, respite care and a spread of in-home remedy companies to medically advanced kids and younger adults. The corporate employs greater than 2,000 non-public nurses, expert nurses, physiotherapists, speech therapists, counselors and specialists.

The footprint at the moment consists of Texas, Colorado, North Carolina, South Carolina, Florida, Arizona and Pennsylvania. That attain grew from two states to seven states beneath the stewardship of Varsity Healthcare Companions, which started in 2019.

Enter Nautic Companions, which already has house care merchandise in its portfolio. It is among the backers of Anthony-led VitalCaring in April, together with The Vistria Group.

Primarily based in Windfall, Rhode Island, Nautic Companions is a mid-market non-public fairness agency with three main trade focus areas, together with healthcare.

The corporate has traditionally invested in neighborhood well being care suppliers, together with behavioral well being, major care and post-acute care. It additionally helps Built-in Dwelling Care Companies (IHCS).

Personal fairness closings in house care have been sluggish over the previous few years, after a surge in 2020 and 2021. However most consultants count on this to select up once more in 2024, particularly if rates of interest fall.

Phrases of the Angels of Care deal weren’t disclosed. Angels of Care and Nautic Companions couldn’t be reached for remark previous to the publication of this story.