Nautic Partners LLC, a private equity firm with more than $2.5 billion of capital under management, today announced that it has acquired Reliant Hospital Partners, LLC (“Reliant”). 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. Reliant is a leading operator of inpatient rehabilitation hospitals. Headquartered in Dallas, TX, Reliant operates seven facilities and has two additional hospitals under development.
Reliant’s hospitals provide highly specialized rehabilitative care to patients who have complex rehabilitation and medical needs. Reliant treats 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. Reliant’s services and business model are differentiated by its exceptional patient quality of care outcomes, high level of patient satisfaction, quality of treating and administrative staff, new and cutting edge facilities and independence from market affiliations.
“Reliant is a leader in providing rehabilitative services and is known for its quality of care, patient satisfaction and superb employees,” said Scott Hilinski, Managing Director of Nautic. “We are excited to be working with the existing Reliant team, Mike, Ken and Patrick to create an industry-leading post acute care provider. Reliant is an excellent platform and, with the new leadership team in place, is positioned very well for accelerated growth.”
“We are thrilled to join Reliant and believe the management team here has done a terrific job in building a leading provider of rehabilitation services,” said Michael Brohm, Chief Executive Officer of Reliant. “We are excited to partner with Nautic who shares our vision of growth and building a leading, integrated post acute care provider. 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, and continues Nautic’s successful history of investing in the healthcare industry. Other representative Nautic healthcare investments include American Imaging Management, Inc., AXIA Health Management, Inc., Healthcare Payment Specialists, LLC, and Medegen, Inc.
About Reliant Hospital Partners
Reliant Hospital Partners, LLC is a leading operator of rehabilitation hospitals. Operating seven facilities, Reliant serves patients on an inpatient and outpatient basis. Reliant is committed to providing excellent patient outcomes and outstanding patient satisfaction.
