Stellus Capital Management’s affiliates provided senior debt financing and an equity co-investment in support of Rallyday Partners’ investment in Elder Care Homecare, a senior home care agency serving New York, New Jersey, Connecticut and Massachusetts.
“We are thrilled to partner with Elder Care, a team driven by deep empathy and operational excellence at every level. Their devotion to supporting seniors and their families distinguishes them as true leaders in the home care sector,” Frank A. Corvino, managing partner at Rallyday, said. “We are grateful for the partnership with Stellus on this exciting opportunity and look forward to their continued support as Elder Care continues to grow its footprint. The Stellus team was thoughtful and efficient throughout the entire financing process.”
“Elder Care has established a reputation as a premiere home care agency in the Northeast given its commitment to helping seniors and their families navigate the aging journey with the highest quality of care,” John Sievers, managing director at Stellus, said. “We are excited to partner with Rallyday and the Elder Care management team on their ongoing success and believe Elder Care’s best-in-class service offering is well positioned to meet increased demand from seniors and their preference to receive superior care in the comfort of their own home.”
