BPOC, a pure-play healthcare investor, has made a strategic investment in Alliance Physical Therapy Partners, a provider of physical therapy services.

Alliance is a national operator offering outpatient physical therapy across over 90 clinics in 14 states. The firm also provides virtual physical therapy, workplace therapy services, hospital services and an electronic medical record platform.

“We are incredibly excited to partner with BPOC as we enter our next stage of growth” said Richard Leaver, CEO of Alliance. “Alliance was founded with the mission to become the leading physical therapy network in the country by delivering superior, quality and compassionate services to our patients.”

“We have been extremely impressed with Alliance’s reputation for prioritizing patient experience and delivering excellent, cost-effective care,” added Troy Phillips, partner at BPOC. “We look forward to partnering with the Alliance team and supporting the company’s growth strategies and long-term vision.”

Alliance was represented in the transaction by the law firm of McGuire Woods. Cain Brothers served as exclusive financial advisor to Alliance. Kirkland & Ellis, LLP served as legal advisor to BPOC. Houlihan Lokey Capital, Inc. served as financial advisor to BPOC.