Chicago, IL (July 8, 2020) – Integrated Rehab Consultants (“IRC”), a portfolio Company of Webster Equity Partners, is pleased to announce its acquisition of Associated Physicians of Rehabilitation (“APR” or the “Company”), a physiatry practice based in Chicago, IL.
“We chose to merge with IRC so that we can continue to meet the growing demands of the Chicago physical medicine and rehabilitation market. IRC’s quality of care and standards are comparable to our own, making this merger a seamless and natural fit,” stated Dr. Rahul Sharma, CEO of APR.
IRC CEO Dr. Amish Patel said, “Having known several physicians from APR for many years and seeing their great work, not only in post-acute/skilled nursing facilities, but also their impressive presence in hospitals, we are very excited to partner with Dr. Rahul Sharma’s team. As we continue to lead the market nationally in physiatry services, we now have an even more capable team allowing for accelerated growth in the inpatient rehab space.”
About Webster Equity Partners
Founded in 2003, Webster Equity Partners is a private equity firm that partners with healthcare service companies with a focus on high impact growth strategies based on delivering the highest quality care and exceptional service. Webster is currently investing out of its fourth fund with $875 million of committed capital. For additional information on Webster Equity Partners, please visit www.websterequitypartners.com.
About Integrated Rehab Consultants
Integrated Rehab Consultants is a physiatry group based in Chicago, IL. Founded in 2010, IRC was one of the first groups to partner with skilled nursing facilities (SNFs) and is now the largest group of physiatrists within a skilled setting nationwide. IRC’s physiatrists work with SNFs to optimize therapy treatment plans, focusing on managing pain, functional rehabilitation, and recovery for patients with physical and cognitive impairments or disabilities. IRC’s services help patients discharge quicker and more safely and adds a layer of clinical oversight and capabilities that most SNFs and their patients have been underserved in historically.
About Associated Physicians of Rehabilitation
Associated Physicians of Rehabilitation, LLC is a physiatry practice with 10 providers that provides services to IRFs and SNFs in the greater Chicago metropolitan area. APR was founded by and is led by Dr. Rahul Sharma. In addition to providing medical directorship services, APR helps facilities establish and grow new rehabilitation programs and service lines.