Wellspring Capital Management Recapitalizes HealthPRO Heritage

HealthPRO Heritage Acquires Therapy Specialists

March 31, 2021

Healthcare Services

HealthPRO Heritage, LLC has acquired Therapy Specialists, Inc., a San Diego-based full-service therapy and rehabilitation provider. The deal is an add-on for HealthPRO (its sixth acquisition in the past 12 months) and will expand HealthPRO’s outpatient and senior-living therapy footprint while bringing Therapy Specialists access to HealthPRO’s clinical programming, reimbursement expertise, and compliance capabilities.

Wellspring Capital Management Acquires Pentec Health

October 11, 2021

Healthcare Services

Wellspring Capital Management acquired Pentec Health, a national leader in patient-specific sterile compounding and home infusion services, from existing investors including Norwest Equity Partners and DW Healthcare Partners. The investment provides Pentec with capital and strategic support to accelerate organic growth and pursue add-on M&A; financing for the deal was provided by Twinbrook Capital Partners and advisors included Houlihan Lokey and Morgan Lewis.

HealthPRO Heritage Acquires Rehab Solutions Texas

August 23, 2021

Healthcare Services

HealthPRO Heritage, LLC has acquired Rehab Solutions Texas, a provider of contract physical, occupational and speech therapy services across Texas. The deal — HealthPRO's tenth transaction in 24 months — expands HealthPRO's Texas footprint and service offerings while bringing Rehab Solutions into a larger therapy management platform.

HealthPRO Heritage Partners with Intergro Rehab Services

February 1, 2020

Healthcare Services

HealthPRO Heritage has partnered with and merged Intergro Rehab Services effective Feb. 1 to expand therapy and PDPM consulting capabilities in California and beyond. The combined organization will leverage HealthPRO’s national platform and Intergro’s 30 years of California market expertise to deepen the company’s West Coast presence and broaden services for skilled nursing and senior living clients.

Prairie Capital VI Recapitalizes Legacy Hospice Holdings

January 1, 2020

Healthcare Services

Prairie Capital VI, LP partnered with CEO Clark Blair to recapitalize Legacy Hospice Holdings, Inc., a Livingston, Alabama–headquartered provider of rural hospice services. The recapitalization will support Legacy's growth initiatives, including investments in people, technology, sales & marketing, de novo site expansion and potential add-on acquisitions across its 21-office footprint serving 600+ patients daily in the Southeast.

Varsity Healthcare Partners Recapitalizes Probo Medical

October 1, 2018

Medical Devices

Varsity Healthcare Partners completed a joint recapitalization and growth capital partnership with Probo Medical, a vertically-integrated reseller of refurbished ultrasound systems and probes. Probo's founder and CEO David Trogden will remain in place as the company partners with VHP to accelerate growth through strategic acquisitions and expanded global procurement and sales capabilities.