M&A Deal Summary

Flexpoint Ford Acquires Select Rehabilitation

On January 2, 2017, private equity firm Flexpoint Ford acquired healthcare services company Select Rehabilitation from Caltius Structured Capital

Acquisition Highlights
  • This is Flexpoint Ford’s 5th transaction in the Healthcare Services sector.
  • This is Flexpoint Ford’s 26th transaction in the United States.
  • This is Flexpoint Ford’s 5th transaction in Illinois.

M&A Deal Summary
Date 2017-01-02
Target Select Rehabilitation
Sector Healthcare Services
Buyer(s) Flexpoint Ford
Sellers(s) Caltius Structured Capital
Deal Type Secondary Buyout

Target

Select Rehabilitation

Glenview, Illinois, United States
Select Rehabilitation is a provider of contract rehabilitation therapy services in the United States. Select Rehabilitation provides physical therapy, occupational therapy, and speech therapy services in the long-term care sector, primarily to clients in skilled nursing facilities, continuing care retirement communities, outpatient settings, and home health settings. Select Rehabilitation was founded in 1999 and is based in Glenview, Illinois.

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Buyer(S) 1

Buyer

Flexpoint Ford

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 7.8B USD
Size Mega
Type Sector Focused
DESCRIPTION

Flexpoint Ford is a private equity firm focused on investments in healthcare and financial services companies. Flexpoint prefers control based investments and looks to commit $50 to $500 million per transaction. The Firm is flexible when it comes to investment structure and asset class. Flexpoint Ford was formed in 2005 and is based in Chicago, Illinois.

DEAL STATS #
Overall 27 of 54
Sector (Healthcare Services) 5 of 7
Type (Secondary Buyout) 5 of 13
State (Illinois) 5 of 6
Country (United States) 26 of 48
Year (2017) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-07 Purchasing Power

Atlanta, Georgia, United States

Purchasing Power is a voluntary benefits provider for employers, whose services enable employees to purchase large ticket items such as computers, electronics, appliances, and furniture through a monthly payroll deduction. Purchasing Power was founded in 2001 and is based in Atlanta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-04 Alera Group

Deerfield, Illinois, United States

Alera Group is an independent insurance and wealth management firm offering comprehensive employee benefits, property and casualty, retirement services, and wealth management solutions to clients nationwide. Alera Group was founded in 2016 and is based in Deerfield, Illinois.

Buy -

Seller(S) 1

SELLER

Caltius Structured Capital

Los Angeles, California, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1997
PE ASSETS 1.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Caltius Structured Capital is an investment firm focused on providing junior debt and minority equity to lower middle-market companies throughout North America. The Firm looks to invest between $7 to $50 million in companies with revenues of $15 to $250 million. The Firm pursues a variety of transaction types, including management buyouts, growth financings, and acquisition financings. Sectors of interest include business services, consumer products/services, healthcare services, manufacturing, tech-enabled services, and staffing. Caltius Structured Capital was formed in 1997 and is based in Los Angeles, California.

DEAL STATS #
Overall 25 of 32
Sector (Healthcare Services) 3 of 4
Type (Secondary Buyout) 10 of 13
State (Illinois) 1 of 1
Country (United States) 25 of 32
Year (2017) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-08 Walker Edison

Salt Lake City, Utah, United States

Walker Edison is a provider of innovative, affordable home furnishings to global e-commerce platforms. global e-commerce platforms to provide innovative home furnishings at affordable prices. Walker Edison was founded in 2006 and is based in Salt Lake City, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-06 Diversified Human Resources

Phoenix, Arizona, United States

Diversified Human Resources, Inc. is an outsourced human resource company that provides human resource and insurance brokerage services, payroll processing, and temporary staffing solutions for a broad range of clients. Diversified Human Resources was founded in 1996 and is based in Phoenix, France.

Sell -
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