About Care Advantage
Care Advantage is a company based in Richmond (United States) founded in 1988 was acquired by Searchlight Capital in June 2021. It operates as a Professional Services. Care Advantage has completed 11 acquisitions, including Amaisa Home Care, Capital City Nurses and Capital City Nurses. Care Advantage offers products and services including In-Home Care Services, Skilled Care Services, Supplemental Staffing, and GUIDE Program. Care Advantage operates in a competitive market with competitors including Upward Health, Maxim Healthcare, Envision Healthcare, Addus HomeCare and BrightSpring Health Services, among others.
- Headquarter Richmond, United States
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Sectors
Healthcare
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Phone
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Website
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Social
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- Legal Name Care Advantage, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Searchlight Capital
& 1 more
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Employee Count
Employee Count
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Investments & Acquisitions
Amaisa Home Care
& 10 more
- Acquired by
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Products & Services of Care Advantage
Care Advantage offers a comprehensive portfolio of products and services, including In-Home Care Services, Skilled Care Services, Supplemental Staffing, and GUIDE Program. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
In-home care is provided for personal support needs.
Skilled nursing care is offered for medical needs.
Staffing solutions are provided for medical facilities support.
Dementia care support is facilitated through GUIDE program.
Funding Insights of Care Advantage
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Care Advantage
Care Advantage has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Searchlight Capital and BelHealth Investment Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Private equity firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Investment in healthcare businesses, focusing on services, products, and distribution.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Care Advantage
Care Advantage has strategically engaged in corporate development activities, having acquired 11 companies. Notable acquisitions include Amaisa Home Care, Capital City Nurses and Capital City Nurses. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Provider of home healthcare services
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2014 | ||||
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Companionship care services for elderly individuals are provided.
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2013 | ||||
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Home health care agency providing in-home and elderly care services
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2008 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Care Advantage
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Care Advantage Comparisons
Competitors of Care Advantage
Care Advantage operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Upward Health, Maxim Healthcare, Envision Healthcare, Addus HomeCare and BrightSpring Health Services, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
On-site care is delivered to members via an online platform.
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| domain | founded_year | HQ Location |
Home healthcare staffing and medical recruiting services are provided.
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| domain | founded_year | HQ Location |
Cloud-based healthcare analytics solutions are provided by EnvisionHealth.
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| domain | founded_year | HQ Location |
Hospice services are delivered at home by Addus HomeCare.
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| domain | founded_year | HQ Location |
Rehabilitation, home health, and hospice services are provided nationwide.
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| domain | founded_year | HQ Location |
Nationwide community-based post-acute care services are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Care Advantage
Frequently Asked Questions about Care Advantage
When was Care Advantage founded?
Care Advantage was founded in 1988.
Where is Care Advantage located?
Care Advantage is headquartered in Richmond, United States. It is registered at Richmond, Virginia, United States.
Who is the current CEO of Care Advantage?
Tim Hanold is the current CEO of Care Advantage.
What does Care Advantage do?
Care Advantage, Inc. is engaged in delivering comprehensive in-home care services across Virginia and the Mid-Atlantic region. Services are offered in the healthcare sector, focusing on personal care, skilled nursing, and supplemental staffing for medical professionals. Solutions are tailored to support clients recovering from illness or injury, as well as seniors needing assistance, ensuring they can remain in their home environment. The GUIDE program is facilitated to support dementia patients and caregivers with personalized care plans.
Who are the top competitors of Care Advantage?
Care Advantage's top competitors include Upward Health, Envision Healthcare and Nest Health.
What products or services does Care Advantage offer?
Care Advantage offers In-Home Care Services, Skilled Care Services, Supplemental Staffing, and GUIDE Program.
How many acquisitions has Care Advantage made?
Care Advantage has made 11 acquisitions, including Amaisa Home Care, Capital City Nurses, and Capital City Nurses.
Who are Care Advantage's investors?
Care Advantage has 2 investors. Key investors include Searchlight Capital, and BelHealth Investment Partners.
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