Romanian senior living facilities network captures investment from equity firm BlackPeak Capital
Affinity Life Care Receives Growth Equity Investment to Expand Elderly Care Services in Romania
Affinity Life Care, a leading private network of elderly residential centers in Romania, has received a significant growth equity investment from BlackPeak Capital. This investment is supported by the European Investment Fund, the European Union, Invest BG, EBRD, IFC, and other private institutional European investors.
The investment validates Affinity Life Care's mission and team's commitment to redefining elderly care in Romania. With this funding, Affinity Life Care is set to expand its presence by opening new elderly care facilities in more Romanian cities, enhancing its medical and rehabilitation services, and investing in staff development to meet the rising demand for elderly care.
The strategic plan includes doubling the current bed capacity, extending operations beyond Bucharest into other regions of Romania. The company aims to double its number of authorized beds and continue its development. Affinity Life Care, currently operating three centers in the Romanian capital with a capacity of over 400 authorized beds, prioritizes operating private centers in central areas for easy access to medical care and frequent family visits.
The growth strategy also focuses on improving service quality, strengthening the range and quality of long-term care, assisted living, physiotherapy, and rehabilitation services with an integrated care model that includes continuous medical supervision and personalized care plans. Technology and innovation will play a crucial role in this expansion, with investments in advanced technologies to support care delivery and operational scalability.
The partnership with BlackPeak Capital, which focuses on sustainable growth and innovation in Southeast Europe, underpins a long-term vision to redefine elderly care in Romania with high standards for residents and staff. With BlackPeak’s financial resources and sector expertise, Affinity Life Care is accelerating expansion and strengthening a care model based on dignity, empathy, and medical excellence.
Following the transaction, Virgil Chițu, Romania Lead for BlackPeak Capital, will join the Board of Directors of the Affinity Group. Chițu expresses excitement to collaborate with Affinity and support its ambitious growth plans. This marks the first private equity fund investment in the elderly care sector in Romania.
BlackPeak Capital makes growth equity investments in fast-growing companies in Romania, Bulgaria, Slovenia, Croatia, and Serbia.
[1] Affinity Life Care Press Release, [link] [2] BlackPeak Capital Press Release, [link] [3] Romanian Business Review, [link]
- This investment in Affinity Life Care, a business focused on elderly care, aims to facilitate the expansion of health-and-wellness services for the elderly by opening new facilities and enhancing medical and rehabilitation services.
- In order to meet the rising demand for quality elderly care, Affinity Life Care plans to double its bed capacity, extend operations into new regions, and invest in technology and innovation for care delivery and operational scalability.
- The strategic partnership between Affinity Life Care and BlackPeak Capital, a firm specializing in sustainable growth and innovation in Southeast Europe, will enable the company to strengthen its business, real-estate assets, and investing in staff development.
- As a result of this growth equity investment, Affinity Life Care will be able to redefine elderly care in Romania by adhering to high standards for residents and staff, and offering integrated care models that prioritize dignity, empathy, and medical excellence.
