Revelstoke Acquires Encore Rehab from Glencoe Capital
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Revelstoke Acquires Encore Rehab from Glencoe Capital

encore nf1Revelstoke Capital Partners has acquired Encore Rehabilitation Services from Glencoe Capital which first invested in the company in December 2012.

Encore Rehabilitation Services is a regional provider of rehabilitative therapy services (physical, occupational and speech) and compliance and revenue cycle support services to skilled nursing facilities, assisted living facilities and home health agencies. The company was founded in 2007 and is based in the Detroit suburb of Farmington Hills (www.encorerehabilitation.net).

“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.”

Revelstoke invests from $10 million to $250 million in companies that have at least $5 million of EBITDA.  Sectors of interest include healthcare services and products; transportation and logistics; specialty distribution; energy and energy services; building products; business and outsourced services; marketing services; financial services; industrial services; and medical technology. The firm was founded by Managing Partners – Mark King, Dale Meyer, and Simon Bachleda – and is headquartered in Denver (www.revelstokecp.com).

This is the second healthcare related acquisition announced by Revelstoke in January. Earlier this month the firm acquired Crossroads Treatment Centers, a provider of substance abuse treatment services based in Greenville, SC (Revelstoke Acquires Crossroads Treatment Centers).

“Since day one of Encore, we have positioned the company 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,” said 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.”

Winston & Strawn acted as exclusive legal advisor, and Nexus Health Capital served as exclusive financial advisor, to Revelstoke.  Lincoln International served as exclusive financial advisor, and Honigman Miller Schwartz and Cohn, acted as exclusive legal advisor to Encore in the transaction.

© 2015 PEPD • Private Equity’s Leading News Magazine • 1-23-15

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