Ropes & Gray Represents Bain Capital Double Impact in Sale of its Portfolio Company HealthDrive
Ropes & Gray advised Bain Capital Double Impact, the impact investing strategy of Bain Capital, in the sale of its portfolio company HealthDrive to private investment firm, Cressey & Company. HealthDrive is a leading multi-specialty clinical services organization to patients residing in long-term care facilities. Financial terms of the transactions were not disclosed. The deal was announced in a press release on August 22.
Bain Capital Double Impact focuses on health & wellness, sustainability, and community building to create long-term value and meaningful impact at scale. Its goal is to enable the next phase of financial and impact growth for its partner companies, which are solving critical social problems.
The Ropes & Gray team was led by private equity partner Charlie Boer, executive compensation & employee benefits partner Jenny Rikoski, health care partner Christina Bergeron, tax partner Pam Glazier, employment partner Megan Bisk, finance partner Scott Rolnik, IP transactions partner Regina Sam Penti, and data, privacy & cybersecurity partner Ed McNicholas.