A PYMNTS Company

General Atlantic Completes $3 Billion Acquisition of Team Services Holding

By  |  April 8, 2026
General Atlantic Completes $3 Billion Acquisition of Team Services Holding

Private equity firm General Atlantic has finalized its acquisition of home-care provider Team Services Holding Inc. in a deal valued at approximately $3 billion, including debt, according to Bloomberg. The transaction, which had not been publicly announced at the time of signing, was completed last week, per Bloomberg.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    Subscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    General Atlantic initially reached an agreement earlier this year to purchase Team Services from Alpine Investors, though the negotiations remained undisclosed until after closing. According to Bloomberg, the deal values the company at about 10 times its earnings before interest, taxes, depreciation, and amortization, reflecting strong investor appetite for traditional healthcare service providers.

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    A spokesperson for General Atlantic declined to comment on the acquisition, while representatives for Alpine Investors and Team Services did not immediately respond to requests for comment, according to Bloomberg.

    The transaction underscores a broader trend in private equity, where firms continue to allocate capital toward established healthcare service businesses. According to Bloomberg, this comes at a time when valuations for healthcare companies tied to technology have faced pressure amid concerns over potential disruption from artificial intelligence.

    Recent activity in the sector highlights this shift. Deals include the take-private of Enhabit Inc. by Kinderhook Industries, as well as the acquisition of Select Medical Holdings Corp. by a group that includes co-founder Robert Ortenzio, executive Martin Jackson, and private equity firm Welsh, Carson, Anderson & Stowe, per Bloomberg.

    Team Services operates in the growing home-care segment, enabling seniors and individuals with long-term disabilities to receive care at home from caregivers they select. The company supports these arrangements by managing administrative and back-office responsibilities, making personalized care models more accessible.
    Source: Bloomberg