Alaris to see proceeds from sale of Agility Health's U.S. assets
Agility Health Inc (TSX-V: AHI), a rehabilitation solutions provider, has agreed to sell 100 percent of its U.S.-based assets to an affiliate of Alliance Physical Therapy Partners LLC. The deal, which values Agility's U.S. operations at US$45 million, is expected to close this month. With the close, Alaris Royalty Corp, a Canadian alternative equity firm that invested in Grand Rapids, Michigan-based Agility in 2012, will receive gross proceeds of US$26.67 million. Agility's Canadian division is Medic Holdings Corp. Tampa, Florida-based Alliance, a network of physical therapy practices, is backed by U.S. private equity firm GPB Capital Holdings.
5 February 2018•2 mins read
