Grant Avenue Capital, LLC, a healthcare-focused private equity firm, announced today that it acquired a majority interest in Valeo Home Health and Hospice, based in Salt Lake City, Utah. The acquisition represents the firm’s first step in a broader home-based care buy and build initiative. Founded in 2011, Valeo is a highly regarded provider of patient-focused home health and hospice services. Grant Avenue Capital is acquiring the business from Eduro Healthcare, a leading owner and operator of skilled nursing facilities. In conjunction with the acquisition of Valeo, Grant Avenue Capital has launched a broader buy and build initiative to complete targeted acquisitions and strategic partnerships in the home-based care sector.
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Source: https://www.prnewswire.com/news-releases/grant-avenue-capital-acquires-valeo-home-health-and-hospice-301214223.html