Elara Caring Backed By Ares’ Private Equity Group, Kidney Care Provider Davita

Elara Caring, a home health, personal care, hospice and behavioral health provider, has received a strategic investment from Ares’ Private Equity Group (NYSE: ARES) and DaVita (NYSE: DVA), a kidney care provider.

The investment will be used to grow and expand care access through new care models and clinical programs, according to the company. Additionally, the investment will be used to develop a kidney-specific home-based care model as a collaboration between DaVita and Elara Caring.

“This collaboration reflects a shared belief that care should be timelier, more personalized, and meet patients where they are most comfortable – at home,” Ananth Mohan, CEO of Elara Caring, said in a statement. “Together with Ares and DaVita, we have an extraordinary opportunity to improve the management of chronic conditions and deliver better results for patients and their loved ones as well as our healthcare system overall.”

Dallas-based Elara Caring has an 18-state footprint with 200 locations, serving over 60,000 patients daily.

The kidney-specific in-home care model will build on Elara Caring’s clinical capabilities and use DaVita’s clinical insights to address the “unique” needs of patients with kidney disease, aiming to reduce hospitalizations and total cost of care.

“Through our integrated care programs, we saw meaningful differences in patient outcomes that were closely tied to the quality of home‑based support they received,” Steve Phillips, chief strategy officer of DaVita, said in a statement. “Strengthening access to Elara Caring’s exceptional services will help more patients maintain stability at home, avoid unnecessary hospitalizations, and ultimately experience a better quality of life.”

Denver-based DaVita operates 3,247 outpatient dialysis centers as of Sept. 2025, with 2,662 centers in the U.S. and 585 located across 14 countries. The provider also offers acute hospital care and home dialysis, among other services.

Los Angeles-based Ares Management is a global alternative investment manager with over $595 billion in assets, as of Sept. 2025.

The deal is expected to close in late 2026. Terms were not disclosed. Elara Caring declined Home Health Care News’ request for comment.

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