ReMed, a portfolio company of Baird Capital, has acquired Learning Services Corp, a provider of brain injury rehabilitation, treatment and recovery services. No financial terms were disclosed. Baird Capital has teamed up with Deerfield Management Company on the investment.
CHICAGO – August 3, 2020 –Baird Capital, the direct private investment arm of Baird, announced today that its portfolio company ReMed had acquired Learning Services Corp. (Learning Services). The two industry leaders in brain injury rehabilitation and recovery services will merge and will operate as an integrated entity with branding to be rolled out later. Baird Capital partnered with Deerfield Management Company on the investment. Financial details of the deal were not disclosed.
The merger will bring the combined entity’s offering of brain injury rehabilitation services to 10 states with an eye to future expansion. It will also bring together the best practices of each company to form a more extensive and stronger organization and enhance its care continuum. Both companies’ commitment to quality for their clients, their families and the payer community has remained steadfast for over 30 years, and that commitment will remain a critical tenet moving forward.
David Barrass, Operating Advisor with Baird Capital, will serve as Executive Chairman of the combined entity. Barrass and Baird have worked together for over 12 years, and he has served as a board member and non-executive chairman for many of Baird Capital’s portfolio companies.
“With such similar missions at their core, Baird Capital is thrilled to bring these two companies together,” said Barrass. “We are committed to maintaining the level of rigor and customer service their stakeholders have come to expect, and we look forward to expanding on this strong level of care for persons with neurologic injury, their families and other supporting caregivers across the country.”
Founded in 1984, ReMed operates under the single premise that individuals with brain injury have the potential to return to a life that is meaningful and productive. ReMed’s extensive system of comprehensive services allows access at multiple levels and varying stages of recovery. Baird Capital originally invested in ReMed in 2018.
For 35 years, Learning Services has been one of the only brain injury rehabilitation companies to provide high quality rehabilitation and supported living to persons with acquired brain injury across multiple states, from North Carolina to California.
“Our two companies have a long history of working together on brain injury advocacy issues, clinical outcomes and patient transfer between the two programs when it has allowed long-term clients to move closer to family,” Shannon Swick, Chief Development Officer of Learning Services, who will continue to serve in the role for the newly combined entity. “It’s a natural fit, and we’re excited about the future.”
Baird Capital’s Brett Tucker, Partner, and Tom Smith, Principal, will also serve on the board of directors.
“We are pleased about the future potential of this combined platform and will support the management team in exploring additional opportunities for M&A and organic growth,” added Tucker. “At Baird Capital, we are not just providing financial capital – we are focused on helping our portfolio companies build their businesses, and we are passionate about it.”
For more information on Baird Capital, visit www.BairdCapital.com.
About Baird Capital
Baird Capital makes venture capital, growth equity and private equity investments in strategically targeted sectors around the world. Having invested in more than 300 companies over its history, Baird Capital partners with entrepreneurs and, leveraging its executive networks, strives to build exceptional companies. Baird Capital provides operational support to its portfolio companies through teams on the ground in the United States, Europe and Asia, a proactive portfolio operations team and a deep network of relationships, which together strive to deliver enhanced shareholder value. Baird Capital is the direct private investment arm of Robert W. Baird & Co. For more information, please visit www.BairdCapital.com.