HPI

Health Providers

Business Description

Health Providers, Inc. (HPI) was the nation’s leading provider of “traveling” physical therapists, occupational therapists and speech pathologists to long-term care, rehabilitation, and acute care providers.

Background

To capitalize on industry consolidation in the midst of a continuing shortage of therapists, HPI sought a strategic buyer to unlock shareholder value.

Solution

HPI was sold to ReLife, Inc. (NASD:RELF), a leading provider of rehabilitation services to patients throughout the eastern U.S. A principal of Carter Morse & Mathias served as HPI’s exclusive financial advisor in the transaction.