Revelstoke Capital Partners Closes 50Th Transaction in 5 Years
November 20, 2018
DENVER–(BUSINESS WIRE)–#acquisitions–Crossroads Holding, LLC (“Crossroads”), a portfolio company of
Revelstoke Capital Partners (“Revelstoke”), a Denver-based private
equity firm, has completed its acquisition of EHC Medical Offices
(“EHC”). Revelstoke is pleased to announce that this transaction marks
Revelstoke’s 50th acquisition since its founding in 2013.
These transactions represent 13 platform companies and 37 add-on
acquisitions, totaling over $4 billion of enterprise value.
Revelstoke’s investments have focused primarily in high growth
healthcare services sub sectors, such as physical therapy,
ophthalmology, home care, healthcare information technology, healthcare
education, rural urgent care, and behavioral health. Revelstoke’s
portfolio companies now employ over 30,000 employees, many of whom are
direct care givers and healthcare providers. Revelstoke focuses on the
three pillars of healthcare – partnering with management teams and
entrepreneurs to build market leading companies with solutions to
healthcare needs, delivering the highest value and best outcomes to
patients, and lowering cost to payors.
“Our efforts to date are attributable to the team that we have built,
which represents a broad range of operational, entrepreneurial and
financial expertise that is brought together to provide the highest
level of service to our companies and partners,” said Simon Bachleda,
co-founder and Managing Partner of Revelstoke. “We look forward to
continuing our mission of developing and growing market leading
companies in the healthcare sector.”
Crossroads, based in Greenville, South Carolina, is a premier provider
of medication assisted treatment services in the United States.
Crossroads provides both methadone and suboxone medication assisted
treatment through its outpatient programs. Since partnering with
Revelstoke, Crossroads has expanded its number of clinics from 9 to 72
in an effort to deliver effective and affordable treatment for persons
suffering from opioid use disorder.
EHC is located in Knoxville, TN and provides medication assisted
treatment services through its team of highly trained and accredited
healthcare providers.
“This acquisition marks Crossroads’ expansion into our 11th
state,” said Dr. Rupert McCormac, Founder and CEO of Crossroads. “As an
entrepreneurial management team, leveraging Revelstoke’s resources and
expertise allowed our physician leadership team to continue to focus on
growth while maintaining the highest quality and efficacy of our
clinics, fulfilling a critical need for our patients.”
About Crossroads
Crossroads is a leading provider of medication assisted treatment
services for individuals who are opioid dependent through its
established outpatient care centers with 72 clinics located in 11 states
across the United States. Crossroads was founded in 2007 and is
headquartered in Greenville, South Carolina.
www.crossroadstreatmentcenters.com
About Revelstoke
Revelstoke is a private equity firm formed by experienced investors who
focus on building industry-leading companies in the healthcare and
related business services sectors. Revelstoke partners with
entrepreneurs and management teams to execute on a disciplined organic
and acquisition growth strategy to build exceptional companies. Since
the firm’s inception, Revelstoke has raised approximately $1.2 billion
of equity and has completed 50 acquisitions, which includes 13 platform
companies and 37 add-on acquisitions.
Contacts
Kylee Karst
Operations Manager
(303) 953-3226