Bain Social Investment Fund Buys Two In-Home Health Care Groups

Buyout firm Bain Capital has tapped its social impact fund to buy two regional in-home health care companies.

The Boston-based private equity firm said in a statement that it bought Arosa LLC and LivHome Inc. for undisclosed sums using capital from its Double Impact fund, a pool dedicated to generating financial returns along with meaningful, measurable social and environmental benefits.

Bain raised $390 million in 2017 for the fund, which is headed by Managing Director Deval Patrick, a former Massachusetts governor. The pool targets companies that improve health & wellness, sustainability and community cohesion. The fund’s investments include vegan fast-casual ...