Elara Caring Secures New Strategic Investment from Ares and DaVita
Ares Management Corporation Class A (ARES)
Last ares management corporation class a earnings: 2/13 06:00 am
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Source: Business Wire
Partnership will accelerate Elara’s growth and evolution as home health care leader; expand access to high-acuity care for complex diseases through new offerings DALLAS--(BUSINESS WIRE)--Elara Caring (Elara), a leading national provider of skilled home health, hospice, behavioral health, and personal care services, today announced that it has entered into an agreement for a strategic investment from Ares’ Private Equity Group (Ares) and DaVita. The investment is intended to expand access to personalized, clinically advanced care at home for patients with complex and acute needs. Elara will continue to operate as a wholly independent company led by CEO Ananth Mohan and the current management team. Following the closing, the parties will collaborate to help Elara expand access to care through new care models and clinical programs.The investment from Ares and DaVita will support Elara’s next phase of growth by helping to expand its capacity to deliver specialized, in-home care and lau
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