H.I.G. Capital Completes Acquisition of Reliant Rehabilitation
MIAMI – September 12, 2018 – H.I.G. Capital, LLC (“H.I.G.”), a leading global private equity investment firm, has announced that one of its affiliates has completed the acquisition of Reliant Rehabilitation Holdings, Inc. (“Reliant” or the “Company”), a leading provider of therapy services to skilled nursing facilities.
Headquartered in Plano, TX, Reliant is one of the largest providers of contract therapy services in the United States. The Company utilizes a proprietary care model that emphasizes early intervention/assessment, properly designed clinical care plans and pathways to improve patients’ functional levels. Reliant differentiates itself by possessing best-in-class therapist recruitment, program performance management, customer marketing support and industry-leading compliance systems.
Chris Bird, Chief Executive Officer of Reliant, commented, “We’re excited to partner with H.I.G. for the next phase of Reliant’s growth. H.I.G.’s healthcare knowledge combined with its demonstrated commitment to help companies consolidate fragmented industries will enable Reliant to execute on our growth plans. We will remain dedicated to helping our clients navigate the changes in the post-acute sector while maintaining our high standard of improving patient lives.”
Alok Sanghvi, a Managing Director at H.I.G., added, “We firmly believe that in a changing environment, companies that can deliver high quality care in a cost effective manner will be rewarded with growth. With that in mind, we were impressed with Reliant’s service offering, market position and quality metrics. We look forward to supporting Chris and the team’s efforts to expand their offerings to more facilities, leverage the Company’s strong management capabilities, and continue to provide high level care to the Company’s patients.”
About Reliant Rehabilitation
Founded in 2001, Reliant is a leading provider of rehabilitation management services (physical, occupational and speech therapy) to skilled nursing facilities across the United States. Reliant has approximately 9,000 employees who currently serve more than 800 facilities in 40 states. For more information, visit www.reliant-rehab.com.
About H.I.G. Capital
H.I.G. is a leading global private equity and alternative assets investment firm with over $25 billion of equity capital under management.* Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogotá, Mexico City, Rio de Janeiro and São Paulo, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused / value-added approach.
- H.I.G.’s equity funds invest in management buyouts, recapitalizations and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
- H.I.G.’s debt funds invest in senior, unitranche and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. is also a leading CLO manager, through its WhiteHorse family of vehicles, and manages a publicly traded BDC, WhiteHorse Finance.
- H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.
Since its founding in 1993, H.I.G. has invested in and managed more than 300 companies worldwide. The firm’s current portfolio includes more than 100 companies with combined sales in excess of $30 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.
* Based on total capital commitments managed by H.I.G. Capital and affiliates.