Stellus Capital Management, alongside its affiliates, provided senior debt financing and an equity co-investment to support the acquisition of Caring by SilverAssist, a senior assistance network. SilverAssist is currently backed by Growth Catalyst Partners.
Caring.com, an online destination for senior care reviews, education and family referrals, and its family of brands will join SilverAssist’s expanding services portfolio, which also includes Oasis Senior Advisors, a national network of local Certified Senior Advisors, and ElderLife Financial, a financial services company purpose-built to help families pay for senior housing.
“We appreciate Stellus’ support of SilverAssist and partnership throughout the Caring acquisition process. We look forward to working with Stellus as we continue expanding SilverAssist’s capabilities to create a fully integrated, leading provider in the senior placement industry,” James Nally, managing director at Growth Catalyst Partners, said.
“We are excited to partner with Growth Catalyst Partners and the SilverAssist team. The combination of SilverAssist’s services with Caring.com’s expansive referral footprint provides an attractive proposition to both senior living communities and individuals,” Bill Haverland, managing director at Stellus, said.
