Peak Rock Capital Expands Healthcare Portfolio with BrightStar Care Acquisition

Peak Rock Capital Completes BrightStar Care Acquisition

On March 3, 2025, it was announced that an affiliate of Peak Rock Capital, a prominent mid-market private equity firm, has concluded its acquisition of BrightStar Group Holdings, better known as BrightStar Care. This acquisition symbolizes Peak Rock's strategy to invest in the rapidly growing healthcare and franchising sectors.

Founded in 2002, BrightStar Care is recognized as a major player in the home care services industry, operating over 400 agency locations across the United States. The company offers a range of services including skilled and non-skilled home care as well as customized medical staffing solutions for corporate partners. BrightStar Care distinguishes itself with an exceptional reputation in its domain, supported by a robust system designed to aid franchisees in achieving long-lasting success. Additionally, BrightStar holds national accounts with various corporations, providing healthcare staffing across diverse patient demographics.

The company's franchisees are dedicated to delivering top-tier care through a clinical nurse-led model. Impressively, the entire agency network maintains Joint Commission accreditation, an organization recognized nationally as the leading standards-setting and accrediting body in healthcare.

Spencer Moore, Managing Director at Peak Rock, expressed enthusiasm for the acquisition, stating, "BrightStar Care stands out because of its unique commitment to clinically driven, high-quality home care services throughout its franchise network. We are excited to partner with Shelly and BrightStar Care management and employees, focusing on investments in technology, marketing, and growth initiatives that will empower our franchisees to expand their reach and better serve patients."

Shelly Sun Berkowitz, the founder and Executive Chairwoman of BrightStar Care, conveyed optimism regarding the partnership, emphasizing, "I believe our collaboration with Peak Rock will aid BrightStar Care in fulfilling its mission to provide clients with high-quality, compassionate in-home care. We look forward to leveraging this partnership to facilitate growth among our current franchisees and onboard new ones."

Furthermore, Andy Ray, CEO of BrightStar Care, acknowledged the strategic match with Peak Rock, stating, "We believe we have found a robust partner in Peak Rock Capital, an organization that aligns with BrightStar Care's mission and vision for the future. Together, we will enhance access to high-quality care for more families and invest strategically as we continue to lead the industry."

Peak Rock's CEO, Anthony DiSimone, reiterated the firm's commitment to investing in founder-led businesses that demonstrate strong growth potential. He added, "This transaction showcases our focus on resilient healthcare companies and franchisors that will benefit from our proven expertise in facilitating rapid growth."

The transaction has drawn interest from several financial advisors, including JP Morgan and Boxwood Partners serving as advisors for BrightStar, while Lincoln International supported Peak Rock in this endeavor. Legal counsel was provided by Latham & Watkins for BrightStar Care and McDermott Will & Emery for Peak Rock.

BrightStar Care continues to lead the industry as a top franchisor, emphasizing high standards of care and achieving the Enterprise Champion for Quality award from The Joint Commission for over a decade. With more than 15,000 caregivers and approximately 5,700 registered nurses, BrightStar Care is well-positioned to maintain its excellence in delivering quality home healthcare services.

For more information about BrightStar Care, visit www.brightstarcare.com.

To learn more about Peak Rock Capital, check www.peakrockcapital.com.