An affiliate of HIG Capital has completed the acquisition of Reliant Rehabilitation Holdings, a 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 utilises a proprietary care model that emphasises 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, says: “We’re excited to partner with HIG for the next phase of Reliant’s growth. HIG’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 HIG, adds: “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.”
