Ropes & Gray Represents Bain Capital Double Impact in its Acquisition of HealthDrive
Ropes & Gray represented Bain Capital Double Impact, the impact investing business of Bain Capital, in its acquisition of HealthDrive, a specialty provider of on-site dentistry, optometry, podiatry, and audiology to residents in long-term care, skilled nursing, and assisted living facilities from Riverside Partners. The partnership will allow HealthDrive to expand its services and create a multi-specialty healthcare platform for residents in extended care facilities. The transaction was announced on Jan. 3.
HealthDrive, founded in 1989, serves residents in over 2,000 facilities across the country, providing treatment and preventative healthcare services through its comprehensive network of professionals.
Bain Capital Double Impact is the impact investing business of leading global private investment firm Bain Capital. Bain Capital Double Impact focuses on health & wellness, sustainability, and community building to create long-term value and meaningful impact at scale.
The Ropes & Gray team was led by private equity partner Charles Boer, life sciences partner Michael Beauvais, finance partner Kevin Jarboe and private equity associate Nicholas Cassidy.