Bain Capital Double Impact’s Acquisition of HealthDrive


Ropes & Gray represented Bain Capital Double Impact, the impact investing business of Bain Capital, in its acquisition of HealthDrive, a specialty provider of on-site dentistry, optometry, podiatry, and audiology to residents in long-term care, skilled nursing, and assisted living facilities from Riverside Partners.

Bain Capital Double Impact, the impact investing business of Bain Capital, executed the acquisition of HealthDrive, a specialty provider of on-site dentistry, optometry, podiatry, and audiology to residents in long-term care, skilled nursing, and assisted living facilities. The partnership will allow HealthDrive to expand its services and create the premier multi-specialty healthcare platform for residents in extended care facilities. Bain Capital Double Impact acquired HealthDrive from Riverside Partners, a Boston-based private equity firm. Financial terms of the private transaction were not disclosed.

HealthDrive was founded in 1989 by medical professionals who saw the need for a higher level of on-site medical and dental services in extended care facilities. Today the company serves residents in over 2,000 facilities across the country, providing treatment and preventative healthcare services through its comprehensive network of professionals. Providing these services on-site through HealthDrive’s program significantly improves the access and quality of care for underserved patients in extended care facilities, and provides a cost-saving, compliant, and consistent treatment model for facilities and residents.

The Ropes & Gray team advising Bain Capital Double Impact was led by private equity partner Charles Boer (Picture), life sciences partner Michael Beauvais, finance partner Kevin Jarboe and private equity associate Nicholas Cassidy.

Involved fees earner: Michael Beauvais – Ropes & Gray; Charles Boer – Ropes & Gray; Nicholas Cassidy – Ropes & Gray; Kevin Jarboe – Ropes & Gray;

Law Firms: Ropes & Gray;

Clients: Bain Capital Double Impact;