Provident Healthcare Partners (“Provident”), a leading healthcare investment banking firm, is pleased to announce it has advised Aarista (“Aarista” or the “Company”), a tech-enabled geriatric primary and specialty care platform serving senior living facilities, on its debt refinancing with Seacoast Capital (“Seacoast”).
The refinancing marks an important milestone in Aarista’s evolution, providing the Company with significant growth capital to expand its clinical reach. Led by Dr. Jodhvir Sarai, Chief Executive Officer, and Karim Salamatian, Chief Financial Officer, Aarista manages both clinical and financial risk on behalf of its senior care partners.
Provident’s deal team was led by Managing Directors, Craig Sager and Scott Davis, and Rich Sciretta, who is a Director at Provident. The terms of the transaction were not disclosed.
“Aarista is a one-of-one platform and, most importantly, has the outcomes data to prove it. This financing positions the team to execute on an already strong growth trajectory, and I look forward to following the Company’s continued success,” stated Rich Sciretta.
About Aarista
Founded in 2022, Aarista is a technology-enabled healthcare company transforming post-acute care through an integrated healthcare services business and proprietary, AI-enabled technology platform. Aarista has rapidly scaled its care model across 30+ states, leveraging proprietary technology and longitudinal healthcare data to identify patient risk, enable more proactive care, and improve provider productivity. Aarista’s integrated model drives better clinical outcomes, including return-to-hospital rates of approximately half the national average, while enabling Aarista to expand its impact at scale. For more information, visit aarista.com.
About Seacoast Capital
Founded in 1994, Seacoast Capital provides non-control investment solutions including acquisition financings, shareholder repurchases, dividend recapitalizations, and growth capital. With offices in Boston and San Francisco, Seacoast invests in lower middle market companies across healthcare and other verticals. To learn more, visit seacoastcapital.com.
About Provident Healthcare Partners
Provident is a leading healthcare investment banking firm specializing in merger and acquisition advisory, strategic planning, and capital formation services for healthcare companies. The firm has a comprehensive knowledge of market sectors and specialties, including autism services. Provident also has unsurpassed experience and insight into the M&A process, which includes working with a multitude of investors such as private equity firms and strategic consolidators. For additional information, visit providenthp.com or follow Provident on LinkedIn.
Contact: Provident Healthcare Partners
Rich Sciretta
617-226-4215
rsciretta@providenthp.com
