Reliant Rehabilitation Sold to H.I.G. Capital

Reliant Rehabilitation Sold to H.I.G. Capital

by | Sep 20, 2018 11:34 am | Rehabilitation

Rehabilitation deals aren’t made public very frequently, but when the target is big enough, we hear about them. That was the case when H.I.G. Capital announced the closing of its acquisition of Reliant Rehabilitation Holdings, Inc., a leading provider of therapy services, including physical, occupational and speech, to skilled nursing facilities. Headquartered in Plano, Texas, Reliant is one of the largest providers of contract therapy services in the United States. It uses a proprietary care model that emphasizes early intervention/assessment, properly designed clinical care plans and pathways to improve patients’ functional levels. In this time of critical labor shortages in many... Read More »
DW Healthcare Partners Exits Rehab and Enters Behavioral Health

DW Healthcare Partners Exits Rehab and Enters Behavioral Health

by | Sep 14, 2018 3:20 pm | Behavioral Health Care, Private Equity, Rehabilitation

DW Healthcare Partners has had a busy summer, buying a healthcare staffing company and a behavioral health platform, then selling its rehabilitation business. In June, the firm announced its investment in Aequor Healthcare Services in Piscataway, New Jersey, the sixth investment made by DW Healthcare Partners Fund IV, LP. Aequor specializes in healthcare and clinical staffing by providing physicians, therapists, nurses, technologists and allied healthcare professionals to hospital systems, nursing homes, home care providers, clinics, school systems, laboratories, and pharmaceutical/life sciences organizations nationwide. In August, it acquired California Psychcare, a behavioral services... Read More »
Reliant Rehabilitation Sold to H.I.G. Capital

MedEquities Realty Acquires Vibra IRF Assets

by | Jun 28, 2018 10:02 am | Rehabilitation

Vibra Healthcare LLC has sold the real estate assets of its 60-bed Southern Indiana Rehabilitation Hospital, an inpatient rehabilitiation facility (IRF) it acquired on April 30 this year from KentuckyOne, a subsidiary of Ascension. The hospital is located in New Albany, Indiana, a suburb of Louisville, Kentucky, where KentuckyOne is based. The buyer, MedEquities Realty Trust, Inc. (NYSE: MRT), agreed to pay $23.4 million for the 64,380-square foot facility, with an average price-per-bed of $390,000. The company concurrently executed a 15-year triple-net lease of the IRF with Vibra at an initial lease rate of 9.0% with annual escalators. Vibra will convert the 26 beds currently used as... Read More »
Healthcare Services Roundup through April 2018

Healthcare Services Roundup through April 2018

by | May 11, 2018 10:59 am | Behavioral Health Care, Home Health & Hospice, Hospitals, Laboratories, MRI & Dialysis, Long-Term Care, Managed Care, Other Services, Physician Medical Groups, Rehabilitation

It’s been quite a year for healthcare deals in general, with nearly 600 announced transactions in the first four months. That’s 7% more than there were announced in the first four months of 2017. Dollar volume has soared, too. In 2018, $141.8 billion has already been committed to fund the 588 transactions. Thanks to some mega-billion-dollar deals in 2018, the total is 30% greater than the nearly $109 billion spent in the same period of 2017. Collectively, the Services sectors are booming, which isn’t always the case. Services deals made up 63% of all deals in the first four months of 2018, and 57% of the disclosed dollars, now at $81.3 billion. The Technology sectors... Read More »
Reliant Rehabilitation Sold to H.I.G. Capital

CORA Announces Four (More) PT Acquisitions

by | Mar 16, 2018 12:00 pm | Private Equity, Rehabilitation

CORA Health Services added four more physical therapy companies to its growing platform. A portfolio company of Gryphon Investors since June 2016, CORA Health operates more than 160 clinic locations in seven states. When Gryphon first invested, the company operated more than 100 clinics in Florida, Michigan, and South Carolina. The latest additions add to existing geographic footprints in Georgia (adding West Rehab & Sports Medicine in Savannah), North Carolina (adding Accent Physical Therapy in Wilmington) and Tennessee (adding Champion Physical Therapy in Knoxville and 14 other locations, including Kentucky). With the acquisition of Professional Therapies of Roanoke, CORA Health... Read More »
Reliant Rehabilitation Sold to H.I.G. Capital

Deal of the Week: Alliance PT/Agility Health LLC

by | Feb 9, 2018 1:00 pm | Private Equity, Rehabilitation

Alliance Physical Therapy Partners, a portfolio company of GPB Capital, added on to its growing rehabilitation platform last week. On February 9, its affiliate, Physical Therapy Management, LLC signed a definitive agreement to acquire the U.S. operations of Agility Health, Inc. (TSXV: AHI), known as Agility Health LLC. Alliance PT will acquire 100% of the membership interests in Agility Health, LLC, based in Grand Rapids, Michigan, for a total transaction value of $45 million. Agility Health’s U.S. division operates over 50 outpatient or on-site physical therapy clinics, and also provides contract rehabilitation services to over 90 hospitals, inpatient rehabilitation units, long-term care... Read More »