Medrina, a provider of physiatry services and a portfolio company of Webster Equity Partners, has bought Radial Health, an Illinois-based physiatry practice.
“While Radial has a significant presence in two of Medrina’s largest geographic markets, FL and IL, they actually have their strongest relationships in acute inpatient rehab units as well as long-term acute care hospitals, which complements Medrina’s traditional strength in the post-acute space,” says Amish Patel, Medrina CEO. “Being in the same geographic areas but concentrating on different parts of the continuum should help Medrina connect more dots in the ever-evolving world of healthcare.”
“This acquisition will significantly increase our acute rehab facility presence allowing for optimal patient care and rehabilitative outcomes,” adds Nitin Putcha, Medrina vice chairman of the board.
Medrina was represented in the transaction by Goodwin Procter LLP, PYA PC and CohnReznick LLP. Reed Smith LLP acted as healthcare regulatory counsel.