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Nautic Partners Buys Reliant Hospital Partners

Middle-market buyout shop Nautic Partners has acquired Dallas-based Reliant Hospital Partners, an operator of inpatient rehabilitation hospitals. The company operates seven facilities and has two additional hospitals under development. Terms of the acquisition were not released. Nautic Partners has more than $2.5 billion under management.

PRESS RELEASE:
Nautic Partners LLC, a private equity firm with more than $2.5 billion of capital under management, today announced that it has acquired Reliant Hospital Partners, LLC (“Reliant”). In connection with the transaction, Reliant announces the appointment of Michael Brohm to Chairman and Chief Executive Officer, Kenneth McGee to Chief Operating Officer and Patrick Ryan to Senior Vice President, Marketing and Provider Relations. Reliant is a leading operator of inpatient rehabilitation hospitals. Headquartered in Dallas, TX, Reliant operates seven facilities and has two additional hospitals under development.

Reliant’s hospitals provide highly specialized rehabilitative care to patients who have complex rehabilitation and medical needs. Reliant treats patients requiring intensive therapy stemming from medical conditions such as strokes, head injuries, hip fractures, and various neurological disorders. A significant majority of patients treated at Reliant’s hospitals are older than 65 years of age. Reliant’s services and business model are differentiated by its exceptional patient quality of care outcomes, high level of patient satisfaction, quality of treating and administrative staff, new and cutting edge facilities and independence from market affiliations.

“Reliant is a leader in providing rehabilitative services and is known for its quality of care, patient satisfaction and superb employees,” said Scott Hilinski, Managing Director of Nautic. “We are excited to be working with the existing Reliant team, Mike, Ken and Patrick to create an industry-leading post acute care provider. Reliant is an excellent platform and, with the new leadership team in place, is positioned very well for accelerated growth.”

“We are thrilled to join Reliant and believe the management team here has done a terrific job in building a leading provider of rehabilitation services,” said Michael Brohm, Chief Executive Officer of Reliant. “We are excited to partner with Nautic who shares our vision of growth and building a leading, integrated post acute care provider. Nautic brings substantial resources to Reliant to assist us in achieving our strategic goals.”

Reliant is Nautic Partners’ fifth new investment since the beginning of 2010 from its most recent fund, Nautic Partners VI, LP, and continues Nautic’s successful history of investing in the healthcare industry. Other representative Nautic healthcare investments include American Imaging Management, Inc., AXIA Health Management, Inc., Healthcare Payment Specialists, LLC, and Medegen, Inc.

About Nautic Partners
Founded in 1986, Nautic Partners is a middle-market private equity firm with over $2.5 billion of equity capital under management. The firm has completed over 110 transactions in partnership with management and delivered successful results to investors over three decades. Nautic targets equity investments of $25-$75 million, representing majority ownership in niche businesses with strong market share and growth potential, identified value enhancement opportunities and strong management teams. Areas of focus include business services, manufacturing, healthcare, and communications. For more information, please visit www.nautic.com.

About Reliant Hospital Partners
Reliant Hospital Partners, LLC is a leading operator of rehabilitation hospitals. Operating seven facilities, Reliant serves patients on an inpatient and outpatient basis. Reliant is committed to providing excellent patient outcomes and outstanding patient satisfaction. For more information, please visit www.relianthcp.com.