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.

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.

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.

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.

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.