OMERS Private Equity, the private equity arm of the OMERS Worldwide group of companies, has purchased Accelerated Holdings, LLC from San Francisco-based private equity firm Gryphon Investors. Terms of the acquisition were not disclosed.
Accelerated Holdings, founded in 1989 and headquartered in Chicago, is a leading provider of traditional and specialty outpatient physical rehabilitation services in the U.S. Midwest. The company operates a network of 223 clinics across eight states, with more than 1,300 clinical and support staff. Accelerated’s range of outpatient rehabilitation services include pre- and post-operative care, treatment for orthopaedic-related disorders and sports-related injuries, and rehabilitation of injured workers.
“We find the stable long-term growth and fragmented industry characteristics of the North American rehabilitation market highly attractive,” said Don Morrison, senior managing director and Canadian country head of OMERS Private Equity. “This is the second acquisition we have made in the rehabilitation industry this year, having completed the acquisition of CBI Health Group, the largest provider of outpatient rehabilitation services in Canada in January.”
“My team and I are excited to be working with OMERS Private Equity,” said Eric Warner, president and CEO of Accelerated. “Accelerated is very well positioned in the U.S. Midwest rehabilitation market, and we are delighted to have knowledgeable partners with a long-term, patient investment approach to support our vision and growth strategy for the company’s future.”