Alaris earns 25 pct IRR with sale of Agility Health’s U.S. assets

Canadian alternative equity firm Alaris Royalty Corp has earned about $23.5 million with the previously announced sale of the U.S. assets of portfolio company Agility Health Inc (TSX-V: AHI), a Grand Rapids, Michigan-based rehabilitation solutions provider. Alaris said it realized an internal rate of return of about 25 percent as a result. Agility's U.S. assets were sold to Alliance Physical Therapy Partners LLC, a portfolio company of GPB Capital Holdings, for US$45 million. In a separate release, Agility said its Canadian affiliate, Medic Holdings Corp, an operator of foot care clinics and maker of orthotics, will be its primary post-sale asset.

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