Searchlight Capital to acquire a majority stake in Care Advantage from BelHealth Investment.

Searchlight Capital, a private investment firm, agreed to acquire a majority stake in Care Advantage, a provider of health care services, from BelHealth Investment, a healthcare private equity firm. Financial terms were not disclosed. The transaction subject to receipt of customary regulatory approvals and is expected to close by the end of July. “We are confident that Care Advantage is well positioned to benefit from strong organic growth in the sector over the long term. The senior population increasingly needs lower-cost caregiving alternatives that allow them to age comfortably in their own homes," Phil Bacal, Searchlight Managing Director.