Three Twenty-One Capital Partners is pleased to announce the acquisition of Therapy Specialists, Inc. (“Therapy Specialists” or “the Company”), a full-service therapy and rehabilitation provider with offices in Southern California, by its client, HealthPRO Heritage, LLC (“HealthPRO”). This transaction marks the sixth acquisition for HealthPRO in the last twelve months.
About Therapy Specialists
Therapy Specialists began operations in 1976 in San Diego, California. The Company’s founder, Susan Harris, started the business out of her Volkswagen van – utilizing it as a mobile office – and with it, delivered comprehensive therapy services to patients in hospitals, senior care facilities, and in their own homes. From there, the Company grew significantly and now has three clinics and one office that serve the San Diego, Chula Vista, and Lemon Grove, California communities. With a broad range of service offerings including pediatric, physical, occupational, and speech therapy, as well as senior living care, Therapy Specialists has become a prominent “one-stop-shop” therapy provider in Southern California.
A Partnership
Therapy Specialists and HealthPRO are eager to join forces and continue their commitment to improving the lives of children and adults through high-quality therapy solutions. Lisa Rodriguez, President of Therapy Specialists, is confident that the Company’s operations and capabilities will be enhanced because of the partnership. “We are excited to partner with a strong, viable, and forward-thinking company like HealthPRO Heritage. We will quickly benefit from their clinical programming and reimbursement expertise, marketplace strategy, and compliance – bringing even more value to the hundreds of lives we touch every day,” says Rodriguez. As for HealthPRO, it has gained a valuable, strategic partner in Therapy Specialists. “Therapy Specialists’ longstanding history of exceptional therapy services and customer care in California aligns well with our cultural foundation of clinical innovation, integrity, and strategic customer solutions,” says John Heller, CEO of HealthPRO Heritage.
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 and Three Twenty-One Capital Partners team was led by Senior Managing Director, Ervin Terwilliger and Senior Associate, Mariell Cordova.
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