-

BrightSpring Health Services Acquires Pate Rehabilitation

LOUISVILLE, Ky.--(BUSINESS WIRE)--BrightSpring Health Services completed the acquisition of Pate Rehabilitation today.

Pate Rehabilitation, having served patients with brain injuries for more than 30 years, is one of the nation’s leading and highest quality providers of neuro rehabilitative services. Pate provides day treatment, transitional and residential rehabilitation therapy through its locations in Dallas, Fort Worth, and Anna, Texas. In combination with BrightSpring’s existing home and community rehabilitation business, Rehab Without Walls NeuroSolutions, the company’s expanded footprint in the segment now spans 19 states and Ontario, Canada, and offers the complete continuum of post-acute care for individuals with brain injuries, spinal cord injuries or those who have suffered a stroke.

This acquisition unites two companies with shared missions and values, as well as strong reputations and patient outcomes, harnessing combined talent, expertise, and passion for state-of-the-art neuro rehabilitation services and solutions for patients and their families. These neuro rehabilitation services are life-changing, dramatically improving individuals’ functional capability and independence after significant and catastrophic neuro events.

“Our team is very excited to join the BrightSpring family,” said Kent Hayden, CEO of Pate Rehabilitation. “At Pate, we strive to always treat others as we would like to be treated – with honesty, compassion, understanding, and gratitude. There is simply no other way to operate, especially when our service is so deeply personal. Our philosophy, focus on delivering the best outcomes, and strong management and clinical teams are entirely consistent with BrightSpring’s priorities and culture and a great combination.”

BrightSpring President and CEO Jon Rousseau said, “As a leading neurorehabilitative therapy provider, Pate’s clinical expertise will enhance the company’s position and market-leading service levels and outcomes in the industry. With our combined footprint, we are accelerating the ability to bring a comprehensive, customizable continuum of neuro therapy services to more communities across the country. Our clinically focused integrated rehabilitation services include home and community, outpatient, day treatment, transitional support, supported living, and independent living. Pate, Rehab Without Walls, and BrightSpring share strong values and a commitment to people, quality, and our customers and patients.”

Jeff Weil, Vice President of Rehab Without Walls, stated, “The acquisition of Pate Rehab allows us to further strengthen our neuro rehabilitation services, offering the most complete continuum of post-acute neuro rehab in the Dallas-Forth Worth Metroplex and increasingly across the country. Our goal is to be the most patient-focused provider as we blend scientifically-backed protocols with real-life needs and activities. The addition of Pate Rehab positions us to expand our footprint and redefine the future for more patients.”

Pate will join Rehab Without Walls operations and will continue to operate under the name of Pate Rehab. Pate’s Vice President of Operations Christine Nelson and Director of Clinical Operations David Salisbury are respected leaders in the industry and will continue to lead the business.

About Pate Rehabilitation

Pate Rehabilitation provides evidence-based physical, occupational, speech/language and neurocognitive therapies, as well as vocational rehabilitation, to advance and accelerate patient recovery – helping individuals suffering from an acquired brain injury return to the highest quality of life possible. For more information, visit www.paterehab.com. Follow us on Facebook, Twitter, LinkedIn, and Instagram.

About Rehab Without Walls NeuroSolutions

Rehab Without Walls NeuroSolutions is a revolutionary neuro rehabilitation program that moves individuals outside the walls of institutional settings and into their natural home and community environment. It is designed to help people who have experienced a brain injury, spinal cord injury or stroke/CVA through accident or illness. By removing the walls to provide care in the home, school, community or workplace, it promotes greater health and independence throughout the recovery process, all with industry-leading outcomes that improve the functional capabilities and independence of patients. For more information, visit www.rehabwithoutwalls.com. Follow us on Facebook and LinkedIn.

About BrightSpring Health Services

BrightSpring Health Services is the leading provider of complementary home and community-based pharmacy and health services for complex populations in need of specialized and/or chronic care. Through the company’s lines of business, including pharmacy, home health, hospice, personal care, neuro rehabilitation, pediatric therapy, behavioral health, family and youth services, and workforce development, we provide comprehensive and specialized care and clinical services in 50 states to over 360,000 customers, clients and patients daily. For more information, visit brightspringhealth.com. Follow us on Facebook, Twitter, and LinkedIn.

Contacts

Leigh White
VP, Communications and PR
BrightSpring Health Services
leigh.white@brightspringhealthservices.com
(502) 630-7412

BrightSpring Health Services


Release Versions

Contacts

Leigh White
VP, Communications and PR
BrightSpring Health Services
leigh.white@brightspringhealthservices.com
(502) 630-7412

More News From BrightSpring Health Services

BrightSpring Health Services Announces Pricing of its Initial Public Offering and Concurrent Offering of Tangible Equity Units

LOUISVILLE, Ky.--(BUSINESS WIRE)--BrightSpring Health Services, Inc. (“BrightSpring” or “BrightSpring Health Services”) today announced the pricing of an initial public offering of 53,333,334 shares of its common stock at $13.00 per share and a concurrent offering of 8,000,000 of its 6.75% tangible equity units (“Units”), with a stated amount of $50.00 per Unit. Shares of BrightSpring’s common stock and the Units are expected to begin trading on the NASDAQ Global Select Market on January 26, 20...

BrightSpring Health Services Announces Launch of its Initial Public Offering and Concurrent Offering of Tangible Equity Units

LOUISVILLE, Ky.--(BUSINESS WIRE)--BrightSpring Health Services, Inc. (“BrightSpring” or “BrightSpring Health Services”) today announced the launch of its initial public offering of 53,333,334 shares of its common stock and its concurrent offering of 8,000,000 tangible equity units (“Units”), with a stated amount of $50.00 per Unit. The initial public offering price for the common stock is expected to be between $15.00 and $18.00 per share. The completion of the Units offering is conditioned upo...

New Study Published in Journal of American Medical Directors Association Highlights the BrightSpring Health Services CCRx Program for Medication Management, Including Superior Study Outcomes and a 73% Reduction in Hospitalization Rate Achieved

LOUISVILLE, Ky.--(BUSINESS WIRE)--BrightSpring Health Services (“BrightSpring”), a leading provider of complementary and integrated home and community-based pharmacy and health services for complex populations in need of specialized care and/or chronic care, today announced the publication of a new study in the Journal of American Medical Directors Association (JAMDA). The study, led by William Mills, M.D., BrightSpring’s Senior Vice President of Medical Affairs, highlights the benefits of the...
Back to Newsroom