Reliant Rehab Acquired by Miami-based Private Equity Firm

Plano-based Reliant Rehabilitation has been acquired by a major private equity firm, the two sides announced last week. H.I.G. Capital is the acquirer. Miami-based H.I.G. has about 100 companies in its portfolio totaling more than $30 billion in sales. Reliant is a nationwide provider of physical, occupational, and speech therapy that has more than 800 facilities across 40 states. It totals 9,000 employees and is one of the largest providers of contract therapy services in the U.S. Terms of the deal weren’t disclosed, and H.I.G. didn’t return a request for more details (I’ll update here if they do). “We’re excited… Full Story

Reliant Rehab To Pay $6.1M After Settling Allegations It Paid Kickbacks

Plano-based Reliant Rehabilitation Holdings Inc. will pay the federal government $6.1 million to settle claims the company paid kickbacks to skilled nursing facilities and doctors. The Justice Department alleged Reliant, which is a massive national provider, violated the False Claims Act. The feds say Reliant hooked up clients with nurse practitioners on the cheap or on the free, and that the violations took place between April 1, 2013, and May 1, 2017. Reliant settled the claims without admitting wrongdoing. The case was heard in the Northern District of Texas. Here’s how a release from the Justice Department breaks it down:… Full Story