Stellus Capital Management has provided financing to support SilverAssist's acquisition of Caring.com, enhancing the service offerings for senior care and establishing a significant presence in the industry.

Target Information

Stellus Capital Management, LLC, a prominent investment firm, has provided unitranche financing to facilitate SilverAssist’s acquisition of Caring, LLC. Caring.com, the primary asset in this transaction, is recognized as one of the most frequented websites dedicated to senior care, offering reviews, educational resources, and family referrals to assist those searching for senior living solutions. As part of a broader strategy, SilverAssist aims to integrate Caring.com into its expanding portfolio, which already encompasses Oasis Senior Advisors and ElderLife Financial.

The acquisition of Caring.com significantly enhances SilverAssist's service offerings by incorporating a vast array of referrals and a comprehensive advisory network designed to support families navigating senior care decisions. This strategic move will further amplify SilverAssist’s presence in the sector, positioning it as a leading national referral and advisory network in the senior housing market.

Industry Overview

The senior care industry in the United States is undergoing significant transformation, heavily influenced by an aging population requiring various support services. As the baby boomer generation continues to age, the demand for senior living options and associated service