Accord Asset Partners and Paras Capital Partners Complete WestStar Physical Therapy Network Recapitalization
In a significant move within the healthcare sector, Accord Asset Partners, a San Diego-based private equity firm, along with Paras Capital Partners from Boston, have successfully completed their recapitalization of WestStar Physical Therapy Network. Founded in 1980, WestStar is a key player in Southern California's physical therapy landscape, focusing on the treatment of workers' compensation and auto injury patients. This strategic acquisition aims to bolster WestStar's capacity to expand its operation across California and beyond, increasing its managed clinic network.
Accord and Paras have demonstrated their commitment to elevating healthcare standards through this partnership, leveraging their extensive expertise in healthcare investments. Geoff Sundstrom, CEO of WestStar, expressed enthusiasm about the alliance, noting that their combined experience equips them to enhance WestStar's operations and patient service. With this recapitalization, WestStar aims to broaden its influence and reach, introducing its specialized physical therapy services to new markets.
The firm's growth strategy will involve scaling existing operations and establishing new clinic locations, reflecting a commitment to quality physical therapy services that help patients resume their normal activities post-injury.
Kevin Webb, Managing Partner at Accord, highlighted the excitement surrounding the investment in WestStar, indicating their intent to build on the company's solid 40-year foundation. The collaboration is anticipated to bring about innovative solutions to enhance patient care and operational efficiency, addressing the ongoing demand for physical therapy services within the region.
Additionally, Jake Vesely, Director at Provident Healthcare Partners, which advised WestStar in this deal, acknowledged the firm's impressive track record in establishing a leading network of therapy clinics tailored for the workers' compensation and auto-injury domains. According to Vesely, the partnership with Accord and Paras positions WestStar to leverage critical resources and expertise for significant geographic expansion.
The legal frameworks of the transaction were managed by Katten Muchin Rosenman for Accord and Paras, with Husch Blackwell representing WestStar. Meanwhile, Polen Capital offered senior debt financing to facilitate the acquisition.
WestStar's existing operations include 17 full-service clinics and 15 network partners, solidifying its leadership in the Southern California market. Their commitment to specialized care for workers' compensation and auto injury patients underscores their unique value proposition in the healthcare space.
This recapitalization marks a pivotal chapter for WestStar Physical Therapy Network, aligning with growing health delivery expectations and paving the way for innovative growth strategies. As the healthcare landscape evolves, this partnership promises a bright future for WestStar, enhancing accessibility to quality physical therapy and ensuring consistent patient recovery, reinforcing its position in the industry. For more information, visit www.wsptn.com.
Accord and Paras have demonstrated their commitment to elevating healthcare standards through this partnership, leveraging their extensive expertise in healthcare investments. Geoff Sundstrom, CEO of WestStar, expressed enthusiasm about the alliance, noting that their combined experience equips them to enhance WestStar's operations and patient service. With this recapitalization, WestStar aims to broaden its influence and reach, introducing its specialized physical therapy services to new markets.
The firm's growth strategy will involve scaling existing operations and establishing new clinic locations, reflecting a commitment to quality physical therapy services that help patients resume their normal activities post-injury.
Kevin Webb, Managing Partner at Accord, highlighted the excitement surrounding the investment in WestStar, indicating their intent to build on the company's solid 40-year foundation. The collaboration is anticipated to bring about innovative solutions to enhance patient care and operational efficiency, addressing the ongoing demand for physical therapy services within the region.
Additionally, Jake Vesely, Director at Provident Healthcare Partners, which advised WestStar in this deal, acknowledged the firm's impressive track record in establishing a leading network of therapy clinics tailored for the workers' compensation and auto-injury domains. According to Vesely, the partnership with Accord and Paras positions WestStar to leverage critical resources and expertise for significant geographic expansion.
The legal frameworks of the transaction were managed by Katten Muchin Rosenman for Accord and Paras, with Husch Blackwell representing WestStar. Meanwhile, Polen Capital offered senior debt financing to facilitate the acquisition.
WestStar's existing operations include 17 full-service clinics and 15 network partners, solidifying its leadership in the Southern California market. Their commitment to specialized care for workers' compensation and auto injury patients underscores their unique value proposition in the healthcare space.
This recapitalization marks a pivotal chapter for WestStar Physical Therapy Network, aligning with growing health delivery expectations and paving the way for innovative growth strategies. As the healthcare landscape evolves, this partnership promises a bright future for WestStar, enhancing accessibility to quality physical therapy and ensuring consistent patient recovery, reinforcing its position in the industry. For more information, visit www.wsptn.com.
Topics Health）
【About Using Articles】
You can freely use the title and article content by linking to the page where the article is posted.
※ Images cannot be used.
【About Links】
Links are free to use.