Nautic Partners LLC, a Providence-based private equity firm, announced that it has acquired Reliant Hospital Partners, LLC.
In connection with the transaction, Reliant announces the appointment of Michael Brohm to chairman and chief executive officer, Kenneth McGee to chief operating officer and Patrick Ryan to senior vice president, marketing and provider relations.
Headquartered in Dallas, Reliant has seven rehabilitation facilities and two additional hospitals under development. The facilities provide highly specialized rehabilitative care to patients who have complex rehabilitation and medical needs, treating patients requiring intensive therapy stemming from medical conditions such as strokes, head injuries, hip fractures, and various neurological disorders. A significant majority of patients treated at Reliant’s hospitals are older than 65 years of age.
[See related story: Medical Properties Trust acquires three Reliant facilities]
“Reliant is an excellent platform and, with the new leadership team in place, is positioned very well for accelerated growth,” said Scott Hilinski, managing mirector of Nautic.
“We are excited to partner with Nautic who shares our vision of growth and building a leading, integrated post acute care provider,” said Michael Brohm, chief executive officer of Reliant. “Nautic brings substantial resources to Reliant to assist us in achieving our strategic goals.”
Reliant is Nautic Partners’ fifth new investment since the beginning of 2010 from its most recent fund, Nautic Partners VI, LP. Other representative Nautic healthcare investments include American Imaging Management, Inc., AXIA Health Management, Healthcare Payment Specialists, LLC, and Medegen, Inc.