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Events / Ares and DaVita Invest in Elara Caring
Business Strategic investment

Ares and DaVita Invest in Elara Caring

Analysis based on 11 articles · First reported Feb 02, 2026 · Last updated Feb 02, 2026

Sentiment
60
Attention
4
Articles
11
Market Impact
Direct
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Market Impact

This strategic investment is expected to positively impact the healthcare market by expanding access to specialized in-home care and fostering innovative care models, particularly for chronic conditions like kidney disease. It signals a growing trend towards value-based, home-centric care, which could influence investment and operational strategies across the healthcare sector.

Healthcare Private equity
Event Summary

Elara Caring, a leading national provider of home health, hospice, behavioral health, and personal care services, has entered into an agreement for a strategic investment from Ares Management's Private Equity Group and DaVita. This investment aims to accelerate Elara Caring's growth, expand its capacity for specialized in-home care, and launch innovative care models. A key focus of the collaboration is the co-development of a kidney-specific home-based care model by DaVita and Elara Caring, leveraging their respective clinical capabilities and expertise to reduce hospitalizations and lower care costs for patients with kidney disease. Elara Caring will continue to operate as an independent company under CEO Ananth Mohan. The transaction is subject to regulatory approvals and is expected to close later in 2026.

Key Actions
100 Ares Management made strategic investment Elara Caring
100 DaVita made strategic investment Elara Caring
100 Elara Caring entered agreement for strategic investment
80 DaVita co-develops kidney-specific home-based care model Elara Caring
Entities Involved
priv
Elara Caring
Elara Caring has secured a strategic investment from Ares Management and DaVita, which will accelerate its growth and evolution as a home health care leader. This investment will expand its capacity to deliver specialized in-home care and launch innovative care models, particularly a kidney-specific home-based care model in collaboration with DaVita.
Importance 100 Sentiment 70
stock
Ares Management
Ares Management, through its Private Equity Group, is making a strategic investment in Elara Caring. This move aligns with Ares Management's experience in growing high-performing healthcare businesses and is expected to generate consistent and attractive investment returns.
Importance 90 Sentiment 50
stock
DaVita
DaVita is a strategic investor in Elara Caring and will collaborate to co-develop a kidney-specific home-based care model. This partnership leverages DaVita's clinical and operational expertise in value-based care to improve outcomes and address gaps in post-acute care for kidney disease patients.
Importance 90 Sentiment 60
per
Ananth Mohan
Ananth Mohan, CEO of Elara Caring, will continue to lead the company independently after the strategic investment. He views this collaboration as an extraordinary opportunity to improve chronic condition management and deliver better results for patients.
Importance 70 Sentiment 60
per
Kevin R. Cox
Kevin R. Cox, Partner in Ares Management's Private Equity Group, expressed excitement about partnering with Elara Caring to support its growth and innovation. His involvement signifies Ares Management's commitment to the investment.
Importance 40 Sentiment 50
per
Steve Phillips
Steve Phillips, Chief Strategy Officer of DaVita, highlighted the importance of strengthening access to Elara Caring's services to help patients maintain stability at home. His comments underscore DaVita's strategic rationale for the investment.
Importance 40 Sentiment 50
priv
Harris Williams
Harris Williams served as a financial advisor for Elara Caring in this strategic investment.
Importance 10 Sentiment 0
+ 6 more entities View on Dashboard
Relationships
Ananth Mohan related ↔ Elara Caring
Kevin R. Cox related ↔ Ares Management
Steve Phillips related ↔ DaVita
Harris Williams related ↔ Elara Caring
Evercore related ↔ Elara Caring
Skadden, Arps, Slate, Meagher & Flom related ↔ Elara Caring
Debevoise & Plimpton related ↔ Elara Caring
Guggenheim Partners related ↔ Ares Management
Guggenheim Partners related ↔ DaVita
Ropes & Gray related ↔ Ares Management
+ 8 more relationships View on Dashboard
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