Elderly residential centers in Romania draw investment from equity firm BlackPeak Capital, forming a network of affiliated facilities
Affinity Life Care, a leading private network of elderly residential centers in Romania, has secured a growth equity investment from BlackPeak Capital. This strategic move marks the first private equity fund investment in the elderly care sector in Romania.
Currently operating three centers in the Romanian capital, Bucharest, with over 400 authorized beds, Affinity Life Care plans to significantly increase its capacity nationwide. Following the investment from BlackPeak Capital, the company's growth strategy focuses on doubling its capacity, expanding geographically into other key regions across Romania, and investing in advanced technologies to enhance elderly care services.
The partnership between Affinity Life Care and BlackPeak Capital prioritizes sustainable, innovation-driven growth. With BlackPeak's support, Affinity Life Care is accelerating expansion and strengthening a care model based on dignity, empathy, and medical excellence.
Virgil Chițu, Romania Lead for BlackPeak Capital, is excited to collaborate with Affinity and support its ambitious growth plans. Dragos̝ Nicolae Iamandoiu, majority shareholder of Affinity Life Care, expresses satisfaction with BlackPeak Capital as a shared values partner.
Affinity Life Care offers long-term care and medical recovery services through a fully integrated model. The company's centers are strategically located in central areas for easy access to medical care and frequent family visits.
The investment by BlackPeak Capital validates Affinity Life Care's mission and team's commitment to redefining elderly care standards in Romania. With this investment, Affinity Life Care aims to double its number of authorized beds and continue its development.
Virgil Chițu will join the Board of Directors of the Affinity Group following the transaction. The BlackPeak Southeast Europe Growth Equity Fund is backed by the European Investment Fund through the COSME (2014-2020) and JEREMIE programs, and by the European Union through the Equity Facility for Growth. BlackPeak Capital is also supported by Invest BG, EBRD, IFC, and other private institutional European investors.
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- The strategic partnership between Affinity Life Care and BlackPeak Capital, rooted in shared values, aims to drive sustainable growth in the health-and-wellness sector, specifically elderly care, by investing in advancements and expanding nationwide, with a focus on science and technology.
- In addition to strengthening its position in the finance sector through this growth equity investment, BlackPeak Capital's support for Affinity Life Care is expected to help the business model not only double in capacity but also reinforce its dedication to quality care that embodies dignity, empathy, and medical excellence.
