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The Care Team
The Care Team is a private-equity-backed home health and hospice platform operating roughly 40 locations across the Midwest.
The Care Team
The Care Team was founded in 2008 and has grown through a series of acquisitions into a regional platform providing skilled home health and hospice services, primarily in Michigan and neighboring Midwest states. Chicago-based private equity firm Periscope Equity acquired a controlling stake and has since consolidated multiple local agencies under The Care Team's brand and Medicare provider numbers. The firm's strategy is a buy-and-build model within the fragmented post-acute care sector. It targets Medicare-certified skilled home health agencies and hospice providers — service lines that generate fee-for-service and episodic reimbursement under CMS. The Care Team's clinical footprint spans skilled nursing visits, physical therapy, occupational therapy, speech-language pathology, medical social work, and end-of-life hospice care delivered in private residences. Geographically, the platform concentrates in Michigan with expansion into Indiana and Ohio markets. Acquisition targets are typically sub-$10M revenue local operators that can be integrated onto the central operational infrastructure. The platform reports approximately 40 agency locations and relies on a decentralized clinical model with centralized compliance and billing functions. The Periscope Equity partnership, which publicly announced its investment, positions The Care Team to pursue additional tuck-in acquisitions in the lower Midwest. In an environment where home health utilization continues to shift away from institutional settings, the firm's consolidation thesis depends on aggregating fragmented provider numbers and capturing efficiencies in back-office integration and managed-care contracting. Structurally, The Care Team is a portfolio company rather than an independent operator — its strategic cadence is shaped by a private equity hold period rather than permanent-capital or family-office time horizons. The firm competes against other PE-backed regional aggregators such as PurposeCare and Mission Healthcare, a dynamic that makes multiple arbitrage and operational integration the primary differentiators rather than clinical innovation alone.
General information
Firm type
other
Year founded
2008
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Farmington Hills
Corporate office
Farmington Hills, MI, United States
Sector focus
Frequently asked questions
Who owns The Care Team?
Chicago-based private equity firm Periscope Equity acquired The Care Team and operates it as a platform investment. Periscope Equity focuses on founder-owned, capital-efficient businesses in the healthcare, technology, and business services sectors. The firm partners with the existing management to execute a buy-and-build consolidation strategy in fragmented markets.
What service lines does The Care Team provide?
The Care Team delivers skilled home health services — including nursing, physical therapy, occupational therapy, speech-language pathology, and medical social work — along with hospice care. These are Medicare-certified service lines reimbursed under CMS guidelines for homebound patients. The firm does not typically operate non-skilled private-duty home care or assisted living facilities.
What geographies does The Care Team serve?
The firm's primary density is in Michigan, where it has built its largest clinical footprint through organic growth and acquisitions. It has extended its service area into Indiana and Ohio through acquired agency locations. The expansion pattern suggests an emphasis on adjacent Midwest markets rather than a national roll-up.
Does The Care Team make acquisitions, and what does it typically target?
Yes, The Care Team's growth model is an acquisition-driven consolidation strategy. The firm targets smaller Medicare-certified skilled home health and hospice agencies — generally under $10 million in revenue — that can be integrated onto its central administrative platform. The Periscope Equity backing provides acquisition capital for these tuck-in transactions.
How is The Care Team structured versus a family office or independent operator?
The Care Team is a typical private-equity-backed platform company, not a family office and not an independent founder-owned operator. This structure imposes a finite hold period and exit-oriented governance. Strategic decisions — including acquisition pace, leverage, and eventual liquidity — are driven by Periscope Equity's fund lifecycle rather than multi-generational family capital preservation goals.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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