Renovus backs Chicago home health provider Aspire in platform push

What's the deal? Renovus Capital PartnersDealroom has a profile for this one. Try Dealroom → has invested in Aspire Home Health Care, a home health provider serving the Chicago area and Wisconsin. Terms were not disclosed. Renovus said Aspire is its sixth healthcare talent platform.

What does Aspire do? Founded in 2013 and based in Morton Grove, Illinois, it provides skilled nursing and therapy at home for patients recovering from orthopedic procedures, surgeries, and complex medical conditions. Aspire has served more than 80,000 patients across 23 counties in Illinois and Wisconsin. Co-chief executives Michael Simms and Rich Si lead the company.

What's the endgame? Aspire plans to expand within Illinois and into new Midwest markets. Renovus, a lower-middle-market firm near Philadelphia with more than $2.5 billion under management, is adding to a sector it already entered via Louisiana-based Superior Health HoldingsDealroom has a profile for this one. Try Dealroom → in January 2025.

Who advised? Brentwood Capital Advisors and BakerHostetlerDealroom has a profile for this one. Try Dealroom → advised Aspire, while Greenberg TraurigDealroom has a profile for this one. Try Dealroom → advised Renovus. Pat Heath is a principal at Renovus.

The signal: The deal lands in an active but uneven market for home-based care, where Q2 2026 brought 16 deals alongside fewer skilled home-health transactions than in prior quarters. With Aspire as its second disclosed move into the space after Superior Health, Renovus signals a broader platform-building strategy — carving out a regional foothold while larger players chase billion-dollar bets like Kinderhook's $1.1 billion purchase of EnhabitDealroom has a profile for this one. Try Dealroom →.

Read more: peprofessional.com

Image credit: Generated with Gemini