HealthCap-Backed Restora Buys Trillium

Restora Healthcare Holdings, a company backed by Dallas-based healthcare private equity firm HealthCap, has acquired Trillium Specialty Hospitals. Terms were not released. In a related transaction,  HealthCap purchased the real estate underlying the Trillium hospitals, while Healthcare Finance Group provided the senior debt financing and GE Healthcare provided the real estate financing, the firm said. Trillium is based in Phoenix, Arizona.


HealthCap, a Dallas-based healthcare private equity firm, is pleased to announce the capitalization of Restora Healthcare Holdings to fund the acquisition of Trillium Specialty Hospitals located in Phoenix, AZ. In a related transaction, an affiliate of HealthCap purchased the real estate underlying the Trillium hospitals while Healthcare Finance Group provided the senior debt financing and GE Healthcare provided the real estate financing.


Rod Laughlin, who previously founded Regency Healthcare and Transitional Hospitals Corporation, along with HealthCap have founded Restora Healthcare with the goal to build a leading, national, long-term acute care (LTAC) hospital company. Restora is the third company founded by Laughlin within the LTAC hospital sector.


“We are building an LTAC hospital company focused on providing results for patients who need complex acute medical care and have not responded in other settings,” stated Laughlin, President and CEO of Restora Healthcare. “Our focus is giving patients a chance to get well and get their life back. We are committed to whatever it takes to restore the patient’s health and return them to their families,” Laughlin continued.


Kip Weatherwax, HealthCap’s managing director, is excited about the investment and the opportunities to grow the company. “To HealthCap, Restora represents the ideal opportunity to partner with a proven management team in the LTAC sector,” Weatherwax stated. “The Trillium hospitals will serve as the platform from which we hope to rapidly grow Restora in partnership with Rod Laughlin and the management team.”


About Restora Healthcare Holdings Headquartered in Atlanta, Georgia, Restora Healthcare acquires and develops LTAC centers of excellence throughout the country. Restora was founded by Rod Laughlin and his management team along with HealthCap of Dallas, Texas. For more information about Restora, please visit


About HealthCap HealthCap is a private equity firm that specializes exclusively in providing creative solutions to the capital and strategic growth needs of medical businesses and healthcare facilities. Since 1996, HealthCap and its predecessor entities have sponsored approximately $1.1 billion in healthcare sector investments and delivered exceptional returns to its investors. HealthCap serves rapidly growing businesses and leading medical providers specializing in healthcare services.