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Agility Health Announces Definitive Agreement to sell U.S.-Based Operations
Feb. 05, 2018 08:52AM PST
Medical Device InvestingAgility Health, (TSXV:AHI) announced that it has signed a definitive agreement to sell 100% of its U.S.-based assets to Alliance Physical Therapy Management, LLC, a wholly-owned subsidiary of Alliance Physical Therapy Partners, LLC, which is a portfolio company of GPB Capital Holdings, LLC. As quoted in the press release: The Company intends to use the …
Agility Health, (TSXV:AHI) announced that it has signed a definitive agreement to sell 100% of its U.S.-based assets to Alliance Physical Therapy Management, LLC, a wholly-owned subsidiary of Alliance Physical Therapy Partners, LLC, which is a portfolio company of GPB Capital Holdings, LLC.
As quoted in the press release:
The Company intends to use the remaining available funds for general working capital purposes and to provide capital to grow Medic Holdings Corp. (“Medic”), the Company’s Canadian subsidiary that will constitute the primary business and asset of the Company post-transaction. Medic currently operates twelve outpatient foot care clinics across two provinces in Eastern Canada and manufactures orthotics and prosthetics.
