Renovus Capital Partners Announces Strategic Partnership with Aspire Home Health Care

Positions Aspire to expand its home health platform across Illinois and into new Midwest markets

WAYNE, Pa.--(BUSINESS WIRE)--Renovus Capital Partners (“Renovus”) today announced a strategic partnership with Aspire Home Health Care (“Aspire” or the “Company”), a leading provider of orthopedic and traditional home health services in the Chicagoland area.

Aspire provides skilled nursing and therapy services to patients recovering at home from orthopedic procedures, surgeries, and various complex medical conditions. Demand for Aspire’s services is robust and growing, driven by the aging US population and a push from payors to move post-acute care out of facilities and into the home. Since its founding in 2013, Aspire has served more than 80,000 patients across 23 counties in Illinois and Wisconsin. The Company is led by Co-Chief Executive Officers Michael Simms and Richard Si.

The demographic trends are clear. PHI’s 2025 Key Facts report projects that direct care workers, which include home health aides, will add more new jobs than any other U.S. occupation from 2024 to 2034, with an estimated 9.7 million total job openings once workers leaving the field are counted. HRSA’s 2024 workforce projections show a national registered nurse shortage of roughly 10% in 2027 that persists through 2037 and expects licensed practical nurse supply to meet only 64% of demand by 2037. Providers that can recruit, develop, and retain skilled clinicians are best positioned to serve the growing number of patients who want to recover at home.

“We are excited to partner with the seasoned and accomplished team at Renovus as we build on the reputation Aspire has earned with surgeons, health systems and the patients we serve,” said Michael Simms, Co-CEO of Aspire. Rich Si, Co-CEO of Aspire added that “Renovus’ experience in home health will help us provide care to more patients and families across the region.”

“Michael, Rich, and their team have established a strong leadership position in Chicagoland home health through a clinical and talent-first culture and deep relationships with the region’s leading referring surgeons and health systems,” said Pat Heath, Principal at Renovus. “We are proud to support a dedicated team as we seek to advance the high-quality care Aspire delivers to patients recovering in the comfort of their homes, while also growing to reach new communities across the Midwest. As our sixth healthcare talent platform, Aspire builds on what we have learned about attracting and retaining clinical talent. Similar to our other platforms, we plan to invest in technology and AI-enabled tools, including revenue cycle management, to cut administrative burden, speed up billing and collections, and let clinicians spend more time with patients.”

Brentwood Capital Advisors served as exclusive financial advisor and BakerHostetler as legal counsel to Aspire. Greenberg Traurig served as legal counsel to Renovus. Financial terms of the transaction were not disclosed.

About Aspire Home Health Care
Aspire Home Health Care, based in Morton Grove, IL, provides orthopedic and traditional home health services, including skilled nursing and therapy services, to patients recovering from orthopedic procedures, surgeries, and complex medical conditions. Aspire is accredited by The Joint Commission, holds a 4-star CMS quality rating, 5-star CMS patient survey rating, and serves patients across the Chicagoland area and Wisconsin. Aspire has also been awarded Top Workplace in the country for three consecutive years and has been routinely recognized as one of the top home health agencies in the country. To learn more, please visit: https://www.aspire4home.com/

About Renovus Capital Partners
Founded in 2010, Renovus Capital Partners is a lower middle-market private equity firm specializing in the Knowledge and Talent industries. From its base in the Philadelphia area, Renovus manages over $2.5 billion of assets across its several sector-focused funds. The firm's current portfolio includes over 30 U.S.-based businesses specializing in education and workforce development and services companies in the technology, healthcare, and professional services markets. Renovus typically makes control buyout investments in founder-owned businesses, leveraging its industry expertise and operator network to make operational improvements, recruit top talent and pursue add-on acquisitions. Visit us at www.renovuscapital.com and follow us on LinkedIn.

Sources: PHI, Direct Care Workers in the United States: Key Facts 2025 (September 2025); HRSA National Center for Health Workforce Analysis, Nurse Workforce Projections (November 2024).