Revelstroke Capital Partners has made an undisclosed investment in Encore Rehabilitation Services LLC. Nexus Health Capital was financial advisor to Revelstoke in the transaction while Lincoln International acted as financial advisor to Encore. Based in Farmington Hills, Michigan, Encore is a provider of rehabilitative therapy services.
DENVER–(BUSINESS WIRE)–Revelstoke Capital Partners (“Revelstoke”), a Denver-based private equity firm, has completed an investment in Encore Rehabilitation Services, LLC (“Encore” or the “Company”).
Encore, based in Farmington Hills, Michigan, is a leading regional provider of outcome-driven rehabilitative therapy services and associated compliance and revenue cycle support services primarily to skilled nursing facilities as well as assisted living facilities and home health agencies. Encore manages the delivery of a full spectrum of physical, occupational and speech therapy services and provides sophisticated quality, compliance and documentation capabilities to its clients. Revelstoke will provide Encore with strategic guidance and additional capital to accelerate its organic growth and pursue acquisitions.
“We are enthusiastic about the prospect of partnering with an extremely talented and experienced management team to grow Encore and further solidify its position as a leader in outsourced post-acute therapy services,” said Mark King, CEO, Managing Partner and Co-Founder of Revelstoke. “Encore provides high quality care for patients and a compelling value proposition to its clients and payors.”
“Since day one of Encore, we have positioned Encore as a leading therapy provider focused on developing long term partnership relationships with our clients which leads to higher quality patient outcomes and reduced costs for payors,” remarked Linda Shackelford, Co-Founder and CEO of Encore. “We look forward to our partnership with Revelstoke and believe that their healthcare experience will assist us in continuing to grow our business.” Co-Founders Leo Eisenberg and Barry Zasloff will also continue in their current roles with the Company.
With its investment in Encore, Revelstoke has now completed six acquisitions totaling approximately $540 million in enterprise value since the firm’s inception.
Winston & Strawn LLP acted as exclusive legal advisor, and Nexus Health Capital served as exclusive financial advisor, to Revelstoke. Lincoln International LLC served as exclusive financial advisor, and Honigman Miller Schwartz and Cohn LLP, acted as exclusive legal advisor to Encore in the transaction.
Encore is a provider of outcome-driven rehabilitative therapy services and associated compliance and revenue cycle support services primarily to skilled nursing facilities as well as assisted living facilities and home health agencies. Encore manages the delivery of a full spectrum of physical, occupational and speech therapy services and provides sophisticated quality, compliance and documentation capabilities to its clients. Encore was founded in 2007 and is headquartered in Farmington Hills, Michigan.
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. Revelstoke’s Managing Partners, Mark King, Dale Meyer and Simon Bachleda, have completed over 100 platform and add-on acquisitions, representing over $5 billion of total enterprise value.