AB Private Credit Investors (AB-PCI) provided financing as a club lender to recapitalize Encore Rehabilitation, a portfolio company of Revelstoke Capital. Total commitments to the senior secured credit facilities were $226 million. AB-PCI leveraged its strong expertise and knowledge in the healthcare sector to quickly and efficiently deliver a flexible financing solution. Ally Corporate Finance acted as Administrative Agent on the transaction.
Founded in 2007, Encore Rehabilitation is a national independent provider of outsourced rehabilitation therapy services primarily to skilled nursing facilities across 30 states. Core service offerings include physical therapy, occupational therapy, speech therapy, respiratory therapy, pediatric school services, and facility support services.
Revelstoke Capital Partners is a Denver-based private equity firm founded in 2013 that has raised $1.25 billion of equity to date to make control investments in U.S. middle market companies with a focus on healthcare and related business services.