Arctaris Impact Investors Completes Additional Growth Equity Investment In Up To Date Laundry, Sustaining Quality Jobs In Baltimore
Arctaris Impact Investors Completes Additional Growth Equity Investment In Up To Date Laundry, Sustaining Quality Jobs In Baltimore
09/27/22, 4:46 PM
Location
baltimoreIndustry
laundry and dry cleaning
health care
Arctaris Impact Investors, LLC (“Arctaris”) is pleased to announce a follow-on growth equity investment in Up To Date Laundry (“UTD”). One of the largest healthcare laundry facilities on the East Coast, UTD provides laundry services to healthcare providers across the mid-Atlantic, including University of Maryland Medical System, Johns Hopkins, and Einstein Medical Center. The investment in UTD is part of the Arctaris Baltimore Program, a $25 million commitment to invest in Baltimore’s underserved neighborhoods, created in partnership with The Abell Foundation and Neighborhood Impact Investment Fund (NIIF) and with support from Erie Insurance (ERIE) through its investment in the Arctaris Opportunity Zone Funds.
Company Info
Location
baltimore, maryland, united states
Additional Info
Located in Baltimore, Maryland, Up To Date Laundry is one of the largest healthcare laundries on the east coast, processing close to 70 million pounds of healthcare linen each year. It offers rental and customer-owned goods processing, as well as full exchange cart programs for hospitals in the Mid-Atlantic region.
Its non-acute division, Up To Date Healthcare, offers a full line of healthcare linen rental items for doctor’s offices, surgery centers, hospital off-sites, and nursing homes. Up To Date also offers consulting services through UTD Consulting, which provides knowledgeable healthcare laundry experts with more than 150 years of combined experience. The Up To Date Laundry processing facility is HLAC (Healthcare Laundry Accreditation Council) certified, TSRA Clean Green certified, and Hygienically Clean certified.