Miller Johnson Represents Agility Health in Sale of U.S. Operations to Alliance Physical Therapy Partners
Agility Health, Inc. sold its U.S.-based business to Alliance Physical Therapy Partners, which is a portfolio company of New York-based GPB Capital Holdings, LLC. Agility Health’s shareholders approved the transaction valued at USD $45 million. Following closing, Alliance Physical Therapy Partners would provide rehabilitation services to over 165 physical therapy locations in 25 states.
“Selling Agility Health’s U.S. operations facilitates the restructuring of our capital structure in order to strengthen the Company’s financial position for sustained future growth,” stated Pierre G. Gagnon, Agility Health’s Chairman and Interim CEO. Agility Health, Inc. will use available funds to grow Medic Holdings Corp, their Canadian subsidiary.
Livingstone Partners served as the financial advisor to Agility Health, Inc. Brittany Harden led Miller Johnson’s team for the transaction closing. Miller Johnson’s team also consisted of Dustin Daniels (M&A), Max Barnes (M&A), Loic Dimithe (M&A), Neil Williams (Tax) and Tim Gutwald (Healthcare).
(agilityhealth.com) Headquartered in Grand Rapids, Michigan, Agility Health’s U.S. division operates 84 outpatient or onsite rehabilitation locations in 16 states. Agility Health also provides rehabilitative services to 36 hospitals and inpatient rehabilitation units and 37 nursing homes, long-term care facilities and other service locations in 11 states. Medic Holdings Corp. operates foot care clinics in Ontario and Quebec and also manufactures orthotics and prosthetics.
Alliance Physical Therapy Partners
(allianceptp.com) Alliance Physical Therapy Partners focuses on acquiring private physical therapy practices across the U.S. to provide practice owners the opportunity to expand their footprint while receiving operational guidance and financial support.
Miller Johnson’s Mergers and Acquisitions Group
Miller Johnson’s M&A practice group collaborates with clients and their advisors to structure, negotiate and close deals and to navigate the various challenges that can arise in the context of mergers, acquisitions, dispositions and other business combination or investment transactions.
Miller Johnson is listed for mergers and acquisitions with U.S. News & World Report’s Best Law Firms and is ranked by Chambers USA. At the M&A Deals and Dealmakers Awards presented annually by the Association for Corporate Growth (ACG) West Michigan chapter and MiBiz, Miller Johnson attorneys are consistently involved in deals honored as finalists for the Deal of the Year categories. For further information, please contact Dustin Daniels at (616) 831-1737 or Erik Daly at (616) 831-1723.