Provident Healthcare Partners (“Provident”), a leading healthcare investment banking firm, is pleased to announce its role as exclusive financial advisor to Elder Care Homecare (“Elder Care”) in a transformative platform transaction with Rallyday Partners (“Rallyday”). This strategic partnership marks a significant milestone in the post-acute care sector and will allow Elder Care to expand its ability to deliver high-quality, concierge-level nursing and home care services across the Northeast.
Provident’s deal team was led by Managing Director, Kevin Palmara, and Director, Jake Vesely. Polsinelli served as legal counsel to Elder Care, and Brownstein Hyatt Farber Schreck served as legal counsel to Rallyday.
“It was a pleasure working with Provident. Having Provident on our side allowed us to continue to grow and scale as we searched for the right partner, which was important for our team to continue its mission of providing the highest quality of care to seniors in their homes. Additionally, it was important for our organization to find the right partner as we scale, and Provident exceeded expectations. I would highly recommend Provident,” commented David Gilberg, CEO of Elder Care.
“We were honored to represent David and the Elder Care Homecare team in their partnership with Rallyday. For more than two decades, Elder Care has been a trusted pillar in its communities. After a competitive process, Rallyday emerged as the ideal partner to carry that legacy forward, with a strong track record of supporting founder-led businesses and a shared vision for expanding access to best-in-class care,” noted Jake Vesely.
