Columbia, MD / Hunt Valley, MD (August 12, 2021) – Three Twenty-One Capital Partners is pleased to announce that its client, HealthPRO Heritage, LLC (“HealthPRO” or “HPH”), has closed on the acquisition of Rehab Solutions Texas (“Rehab Solutions” or “the Company”), marking HPH’s tenth transaction in the last twenty-four months. Rehab Solutions has been a premier provider of rehabilitation staffing services since its inception in 2008.
Patrick Garrison, PT, founded Rehab Solutions in 2008 to “improve the lives of their patients and improve the lives of the people behind the work.” The Company grew to be a state-recognized leader in therapy services, providing contract physical therapy (PT), occupational therapy (OT), and speech therapy (PT) to home health agencies, hospitals, outpatient clinics and other healthcare venues across Texas. Overall, Rehab Solutions strives to provide efficient, cost-effective, and flexible solutions to its client base that can only be achieved through dedication to the growth, well-being, and happiness of the individual.
With a partnership based on a shared vision, similar values, and employee-focused principles, HealthPRO is happy to welcome Rehab Solutions to the team. Besides the many synergies shared between the companies, the partnership will allow HealthPRO to grow its Texas operations and network as well as expand its service offerings. In addition, the partnership is expected to bring new strategic growth opportunities that will support the continued success of HealthPRO. This partnership reinforces HealthPRO’s commitment to consistent delivery of patient-centered care, clinical excellence, quality, and compliance to therapy providers across the care continuum.
Rehab Solutions recognizes the benefit and growth potential that comes with partnering with HPH. Founder Patrick Garrison states, “We are genuinely thrilled to be partnering with HealthPRO. It’s extremely rare to find a large company that shares the same culture and vision that has been so important to our growth. We’re excited about what the future holds and know that we’ve joined a talented and caring team of professionals that will successfully lead us into the future.”
Three Twenty-One acted as the exclusive buy-side investment banking advisor for HealthPRO. HealthPRO was represented by legal counsel Cristiane Wolfe of Krevolin & Horst. George Fox, Senior Vice President of Mergers and Acquisitions, led the efforts for HealthPRO. Three Twenty-One Capital Partners’ team was led by Ervin Terwilliger, Senior Managing Director, and Mariell Cordova, Senior Associate.
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