HealthDrive Corporation, a portfolio company of Riverside Partners, has been acquired by Bain Capital Double Impact
January 6, 2019
HealthDrive Corporation (“HealthDrive”), a portfolio company of Riverside Partners, has been acquired by Bain Capital Double Impact.
Headquartered in Wellesley, MA and founded in 1989, HealthDrive is a leading specialty provider of on-site dentistry, optometry, podiatry, and audiology to residents in long-term care, skilled nursing, and assisted living facilities. Since its founding as a single-service provider in Massachusetts, the Company has gained significant scale and now provides a comprehensive, multi-specialty offering in more than 2,000 facilities across the country.
Riverside Partners, a Boston-based private equity firm, focuses on investing in growing middle-market technology and healthcare companies. Riverside Partners is particularly experienced at partnering with founders, owners and management teams, and it brings substantial domain expertise and operating experience to its portfolio companies.
Bain Capital Double Impact is the impact investing strategy of Bain Capital, a leading global private investment firm. Bain Capital Double Impact focuses on health and wellness, sustainability and community building to create long-term value and meaningful impact at scale.
Cain Brothers served as the exclusive financial advisor to HealthDrive.