Revelstoke Capital Partners said Sept. 19 that Steve Geringer and Greg Steil have joined as Operating Partners. Geringer is the Chairman of AmSurg Corp while Steil is the Founder of ATI Physical Therapy.
Denver, CO (September 19, 2016) – Revelstoke Capital Partners (“Revelstoke”), a Denver-based private equity firm, today announced it has expanded its team with two new operating partners: Steve Geringer, Chairman of AmSurg Corp. (Nasdaq: AMSG), and Greg Steil, Founder of ATI Physical Therapy Holdings, Inc. (“ATI Physical Therapy”). Mr. Geringer and Mr. Steil will also join the board of directors of Fast Pace Urgent Care (“Fast Pace”), Revelstoke’s newest portfolio company.
“I’ve worked closely with Steve and Greg for many years. Their combined knowledge in clinic-based healthcare operations and healthcare services is unmatched,” said Simon Bachleda, Managing Partner and Co-Founder of Revelstoke, and Chairman of the Board of Fast Pace. “Both are successful entrepreneurs, experienced CEOs and invaluable board members. We look forward to tapping their expertise to help grow Revelstoke’s portfolio companies.”
Mr. Geringer is the Chairman of AmSurg Corp. (Nasdaq: AMSG), an owner and operator of ambulatory surgery centers and provider of outsourced physician services. AmSurg has announced that it intends to merge with Envision Healthcare Holdings, Inc. (NYSE: EVHC), which offers medical transportation services and an array of physician services. The combined companies’ current market capitalization is approximately $8 billion. Mr. Geringer is also the Chairman of Addus HomeCare Corp. (Nasdaq: ADUS), a provider of home-based personal care services, and serves on the board of several private healthcare services corporations. Mr. Geringer was previously President and CEO of PCS Health Systems, Inc., a pharmacy benefits manager which was later acquired by Eli Lilly & Co. Mr. Geringer earned a B.S. in Economics at the Wharton School of the University of Pennsylvania.
Mr. Steil is the Founder of ATI Physical Therapy, one of the largest physical therapy providers in the country. Mr. Steil built ATI Physical Therapy from one clinic to over 550 clinics across 19 states. Mr. Steil founded ATI Physical Therapy in 1996 and successfully managed the business through four private equity sale transactions. Mr. Steil served as CEO for 18 years and Chairman for two years. Mr. Steil brings a wealth of knowledge and experience in clinic-based healthcare operations as well as a track record of add-on acquisitions and organic de novo clinic growth. Additionally, Mr. Steil serves as a mentor to the Telluride Venture Accelerator program. Mr. Steil earned a B.A. in Biology with an emphasis on exercise physiology from Washington University in St. Louis.
About Fast Pace:
Fast Pace is the largest independent provider of urgent care and primary care services in Tennessee and one of the fastest growing companies in the industry. Since 2012, Fast Pace has expanded from seven to 36 clinics. Fast Pace is headquartered in Brentwood, Tenn. and provides convenient and affordable healthcare services to rural markets throughout Tennessee and Kentucky. Fast Pace provides treatment for a wide range of illnesses, injuries, and common conditions, in addition to diagnostic and screening services.
Revelstoke is a private equity firm formed by experienced investors who focus on building industry-leading companies. Revelstoke strives to partner with management teams to execute on a disciplined organic and acquisition strategy to build exceptional companies. Since the firm’s inception in mid-2013, Revelstoke has raised in excess of $700 million in equity commitments across its various investing entities and has completed 23 acquisitions totaling over $1.2 billion in enterprise value.