NEWS & PRESS
EPIC HEALTH SERVICES EXPANDS FOOTPRINT IN VIRGINIA WITH ACQUISITION OF REHABILITATION ASSOCIATES
DALLAS (May 10) - Epic Health Services Inc., a portfolio company of Webster Capital and Dallas-based provider of pediatric skilled nursing, therapy, developmental, enteral and respiratory services, announced today that it has acquired Rehabilitation Associates. Based in Virginia Beach, Virginia, Rehabilitation Associates is the state’s largest private pediatric therapy provider, serving over 3,000 children and employing approximately 150 professionals.
"The professionals and therapists at Rehabilitation Associates have a reputation of delivering exceptional patient care, and that drew us to this opportunity," said Chris Roussos, Epic president and CEO.
Rehabilitation Associates provides occupational, physical and speech therapy, special instruction, and service coordination for children with special needs, including autism, developmental delays, cerebral palsy and Down syndrome. Services are provided in their three state-of-the-art clinics through the Virginia Part C early intervention programs and in collaboration with numerous school systems throughout the state. The company is making significant strides toward offering Applied Behavior Analysis (ABA) services for children with autism spectrum disorder, which complements the ABA services already being provided by Epic Developmental Services' Epic has a strong presence in pediatrics and understands the importance of providing the highest quality service to patients and their families,” said Tracy Miller, co-director and co-owner of Rehabilitation Associates. "We share a common patient-centric perspective, which makes the union of our two companies an ideal scenario."
The experienced management team and therapists at Rehabilitation Associates will remain in place.
"In aligning ourselves with Epic Health Services, we will have the scale, breadth and capabilities to accelerate our growth in the national arena of pediatric therapy services," said Sherry Johnson, Rehabilitation Associates’ co-director and co-owner. "This will allow us to achieve our goal of providing the highest quality of services to more clients and to provide a wider array of services."
About Rehabilitation Associates Rehabilitation Associates is the largest private pediatric therapy provider in Virginia and provides occupational, physical and speech therapy, as well as ancillary services such as special instruction, and service coordination from state-of-the-art clinics. The children Rehabilitation Associates provides therapy to have special needs ranging from autism, developmental delays, cerebral palsy and Down syndrome. Rehabilitation Associates was founded in 1986 and is led by Sherry Johnson and Tracy Miller.
About Epic Health Services
Epic Health Services was founded in 2001 and has since become the leading national provider of pediatric skilled nursing, therapy, developmental services, and home medical solutions, including enteral nutrition, respiratory, pharmacy, and medical supplies. Epic also provides a spectrum of adult home health care services including skilled nursing, therapy, personal care, behavioral health nursing, enteral nutrition, and medical supplies. In 2015, the Epic Team, which is 17,000 strong today, served over 42,000 patients—helping patients to thrive, not merely survive. Success in health care requires the delivery of exceptional care that meets the needs of patients, families, payers, regulatory agencies, and society. By maintaining a focus on quality care, extraordinary customer service, and compliance, Epic continues to grow its pediatric continuum of care to serve even more patients across the United States. For further information, please visit www.epichealthservices.com.
About Webster Capital
Founded in 2003, Webster Capital is a private equity partnership which helps companies unlock their potential. Webster focuses on branded consumer and healthcare services companies with EBITDA between $3 million to $15 million. Webster Capital provides equity financing, expertise, and a broad contact network for management buyouts and growth capital. At present, Webster has $600 million under management and is currently investing Fund III, a $400 million fund raised in 2014. For additional information on Webster Capital, please visit www.webstercapital.com.