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Announced

Advent International to acquire AccentCare from Oak Hill Capital.

Synopsis

Advent International agreed to acquire AccentCare, a nationwide leader in post-acute healthcare, from private equity firm Oak Hill Capital Partners. Financial terms were not disclosed. AccentCare is the sixth-largest home health platform and the third-largest personal care platform in the United States, offering a range of services – from personal, non-medical care to skilled nursing, rehabilitation, hospice care, and care management – across 16 states. “AccentCare is a terrific platform that is setting the standard for high-quality home and community-based healthcare. In partnership with the talented AccentCare management team, we see numerous avenues to use its industry-leading infrastructure to expand into new service areas and offer additional clinical capabilities, which will enable the Company to care for more patients in partnership with physicians, health systems and insurance plans.” Carmine Petrone, Advent Managing Director.

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