PE-Backed Tricity Pain Adds Two Acquisitions in Texas
Tricity Pain Associates is on the move in Texas. It’s announced two acquisitions in the first half of July, and management is looking for more. Tricity offers pain management services for spinal stenosis, herniated disc, neck pain and lower back pain. It was acquired by Spindletop Capital Management in May 2018, along with another pain management practice, Interventional Pain Management. That acquisition was the first in a series by Spindletop to develop a premier national provider of pain management services, under the brand name Spindletop Pain Management Holdings. The companies (collectively TPA) provide integrated pain management care, ambulatory surgery centers and ancillary... Read More »
Rehabilitation Platform ClearSky Health Hits the Ground Running
ClearSky Health, a newly launched rehabilitation platform, is wasting no time on the acquisition front. Created by a partnership between Blue Wolf Capital Partners LLC and Peloton Equity LLC, and a management team led by Darby Brockette, ClearSky Health will develop and acquire inpatient rehabilitation facilities (IRFs) and related post-acute services companies. Blue Wolf Capital and Peloton Equity are focused on middle-market investments and acquisitions and have a diverse portfolio in the healthcare market. The company reported it acquired four Texas and Louisiana-based inpatient rehabilitation facilities from Maxim Management Group, LLC. The specific facilities and price terms... Read More »
2018’s Biggest Healthcare Deals by Sector
2018 isn’t quite in the rearview mirror yet. We’re still scouring the news feeds for straggling deal announcements, and that never stops, honestly. With approximately 1,850 deals reported so far for 2018, healthcare deal volume is 14% more than 2017. Before we nail the numbers down, it’s easy to spot the biggest deals (by disclosed price) in each of the 13 healthcare sectors we follow. Most should be familiar names, but you can’t follow every sector. That’s why we’re here. Enjoy. Read More »
Numotion Moves to AEA Investors
Audax Private Equity and LLR Partners have exited their jointly held rehab company, Numotion, which has been a major player in consolidating the complex rehabilitation technology (CRT) market. AEA Investors is the new owner. The target provides complex rehabilitation technology (CRT), including manual and power wheelchairs designed to meet the unique medical and functional needs of individuals with significant disabilities and medical conditions. Numotion was formed in January 2013 through the merger of United Seating Mobility and ATG Rehab. Audax Private Equity acquired ATG Rehab in January 2011, and LLR Partners acquired United Seating and Mobility in February 2011. Since then, the... Read More » Reliant Rehabilitation Sold to H.I.G. Capital
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 »