Ro Health Receives Strategic Growth Investment from LightBay Capital
Funding | Jan 22, 2025 | Globenewswire
Ro Health LLC, a leading clinical staffing provider headquartered in Seattle, has received a strategic growth investment from LightBay Capital, a private equity firm based in Los Angeles. The partnership aims to accelerate Ro Health's geographic and service line expansion, alongside strategic acquisitions and technology investments. Established in 2013, Ro Health specializes in providing essential nursing and behavioral health services to K-12 school districts, focusing on students with disabilities. The partnership with LightBay Capital is expected to amplify Ro Health's impact, guiding them toward their strategic objectives with a people-first approach. Financial and legal advisory support for the transaction was provided by Lincoln International and Greenberg Traurig, respectively. LightBay Capital's investment reflects their focus on high-quality service, strong leadership, and growth opportunities in the healthcare sector, as exemplified by Ro Health. Achieve Partners, a previous supporter of Ro Health, expressed pride in the partnership and looks forward to Ro Health's continued growth.
Sectors
- Healthcare
- Education Services
- Private Equity
Geography
- United States – Ro Health is headquartered in Seattle, WA, and LightBay Capital is based in Los Angeles, CA, indicating the US as the geographic focus of the transaction.
Industry
- Healthcare – Ro Health operates as a clinical staffing provider in the healthcare sector.
- Education Services – Ro Health focuses on providing nursing and behavioral health services to K-12 school districts.
- Private Equity – LightBay Capital, the investing company, is a private equity firm involved in this transaction.
Financials
- – No specific financial details such as deal price or fund size were disclosed in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Ro Health LLC | Target Company | Company | A clinical staffing provider focused on K-12 school districts, providing nursing and behavioral health services. |
| LightBay Capital | Bidding Company | Company | A Los Angeles-based private equity firm investing in high-growth potential companies. |
| Achieve Partners | Other Company | Company | A supporter and previous partner of Ro Health, focused on skill development in vital sectors including healthcare. |
| Lincoln International LLC | Financial Advisor | Company | Provided financial advice to Ro Health for the transaction. |
| Greenberg Traurig, LLP | Legal Advisor | Company | Provided legal counsel to Ro Health in connection with the transaction. |
| Ropes & Gray LLP | Legal Advisor | Company | Provided legal counsel to LightBay Capital. |