Novacap acquires Spectrum Health Care from Clearspring Capital
Canadian mid-market private equity firm Novacap has acquired a majority interest in Spectrum Health Care, a Toronto-based provider of home health care services. Terms weren't released for the deal, which saw Novacap partner with Spectrum's management team, led by President and CEO Lori Lord. Spectrum was acquired in 2012 by Canadian mid-market private equity firm Clearspring Capital Partners. It is not known if Clearspring retains an interest. Novacap Senior Partner Marc Paiement said the partnership with Spectrum will explore opportunities to expand the company's capabilities and geographic reach. The deal was done by Novacap's industries group, which last year began raising Novacap Industries V at a $650 million-plus target.
15 July 2019•3 mins read
