LightBay Capital acquires majority stake in Ro Health
LightBay Capital acquires majority stake in Ro Health

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Private equity firm LightBay Capital acquired a majority stake in Ro Health, a Seattle-based healthcare staffing provider, from Achieve Partners, a venture capital and private equity firm. The deal was announced Jan. 22.
Ro Health focuses on K-12 school districts, supplying nursing and behavioral health services to students with disabilities. The company ranks No. 28 on the 2024 Fastest-Growing US Staffing Firms list with revenue of $89.8 million in 2023.
“At Ro Health, our team is dedicated to taking great care of our providers so they can focus on taking great care of the students,” Ro Health CEO Jeff Widmyer said in a press release. “LightBay’s experience in scaling growth-focused businesses and their proven success in partnering with healthcare teams make them the ideal partner to help us achieve our strategic objectives.”
Terms of the transaction were not announced.
“Ro Health exemplifies the qualities we seek in a partner: a commitment to delivering high-quality service, a strong culture and leadership team, deep and trusted client relationships, and a wealth of growth opportunities,” Nav Rahemtulla, co-founder and partner at LightBay, said in a press release.
The seller, Achieve Partners, had acquired Ro Health in 2021.
“Ro Health is not just building one of the country’s fastest-growing healthcare staffing companies but also tackling persistent talent shortages by hiring, training and deploying hundreds of new care professionals and helping them launch careers in healthcare,” Achieve Partners Managing Director Daniel Pianko said in a press release. “We’re proud to have partnered with Jeff and the entire Ro Health team and look forward to following their continued growth in the years to come.”