Grant Avenue Capital, LLC, a healthcare-focused private equity firm, announced today that it has acquired the Heartland Rehabilitation and MileStone businesses from HCR ManorCare. The combined business will operate under the newly formed brand, H2 Health. Terms of the transaction were not disclosed. Heartland Rehabilitation, which has changed its name and will operate in the market as H2 Health, is a national provider of outpatient physical rehabilitation care offering a wide range of services, including physical, occupational, and speech therapies. The business operates more than 60 outpatient facilities across seven states. MileStone, a H2 Health company, provides per-diem, travel, and contract clinical staffing to healthcare providers and facilities throughout the country.
Read the full article: Grant Avenue Capital Acquires Two Divisions from HCR ManorCare //
Source: https://www.prnewswire.com/news-releases/grant-avenue-capital-acquires-two-divisions-from-hcr-manorcare-300998103.html