Norwest Mezzanine Partners Supports Revelstoke Capital Partners’ Investment in Encore Rehabilitation Services
February 18, 2015
Minneapolis, Minnesota – Norwest Mezzanine Partners (NMP) has announced that it has completed an investment to support Revelstoke Capital Partners in its acquisition of Encore Rehabilitation Services, a provider of rehabilitative therapy services and associated compliance services.
Founded in 2007 and headquartered in Farmington Hills, MI, Encore is a multi-state provider of outcome-driven rehabilitative therapy services and associated compliance and revenue cycle support services to skilled nursing facilities (SNFs), assisted living facilities (ALFs), continuing care retirement communities (CCRCs), home health agencies and managed care organizations (MCOs).
Encore operates with a mission of partnering with its clients and managing the delivery of a full spectrum of physical, occupational and speech/language therapy services and provides best in class quality, compliance and documentation capabilities and operational metrics. These services enable clients to lower their operating costs and improve SNF profitability while improving clinical outcomes leading to lower total healthcare costs through shorter lengths of stays and lower readmission rates.
“This investment in Encore represents our first opportunity for NMP to work with Revelstoke, and we are thrilled to continue our long relationship with Mark King. Linda Shackelford (CEO) and her team have built a culture of excellence and NMP is eager to support its continued growth”, said Carter Balfour, an NMP Partner. NMP and Yukon Partners provided subordinated debt and equity in support of the transaction.
“We are very pleased to be partnering with the NMP team again. As always, they demonstrated an ability to quickly understand the business, be flexible in the transaction, and meet a tight closing timeline,” said Mark King, CEO, Managing Partner and Co-Founder of Revelstoke.
Please visit www.encorerehabilitation.net to learn more.