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M&A Deal Summary

GPB Capital Acquires Alliance

On January 1, 2016, asset manager GPB Capital acquired healthcare services company Alliance

Acquisition Highlights
  • This is GPB Capital’s 1st transaction in the Healthcare Services sector.
  • This is GPB Capital’s 2nd transaction in the United States.
  • This is GPB Capital’s 1st transaction in Michigan.
Investment Fate
  • Alliance was sold to a consortium of financial buyers in 2021.

M&A Deal Summary
Date 2016-01-01
Target Alliance
Sector Healthcare Services
Buyer(s) GPB Capital
Deal Type Consolidation

Target

Alliance

Grand Rapids, Michigan, United States
Alliance is a national physical therapy operator offering outpatient physical therapy across a network of 90+ clinics in 14 states. Alliance offers virtual physical therapy, a workplace therapy solution, in-hospital services, and a comprehensive electronic medical record platform. Alliance was founded in 2017 and is headquartered in Grand Rapids, Michigan.

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Buyer(S) 1

Buyer

GPB Capital

Investor

Category Asset Manager
Founded 2013
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

GPB Capital is an asset management firm focused on acquiring income-producing private companies. Sectors of interest include automotive, retail, technology enabled services, waste management, and healthcare. GPB Capital was established in 2013 and is headquartered in New York City.

DEAL STATS #
Overall 2 of 11
Sector: Healthcare Services M&A 1 of 1
Type: Consolidation M&A Deals 1 of 1
State: Michigan M&A 1 of 1
Country: United States M&A 2 of 11
Year: 2016 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-06 ITelagen

Sarasota, Florida, United States

ITelagen provides comprehensive EHR and HCIT expertise to its provider clients, enabling them to improve their clinical, financial, and operational outcomes. ITelagen was formed in 2005 and is based in Sarasota, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-15 Erus Energy

Phoenix, Arizona, United States

Erus Energy is a developer and installer of residential and commercial solar energy systems and solutions. Erus Energy was founded in 2004 and is based in Phoenix, Arizona.

Buy -
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