Upstream Rehabilitation Receives Mezzanine and Equity Investment

Upstream Rehabilitation, Inc., a Birmingham, Alabama-based outpatient physical therapy provider, received a mezzanine and equity investment from Yukon Partners.

Ally Corporate Finance served as agent, lead arranger, and sole book runner on the senior credit facility. Revelstoke Capital Partners and other institutional co-investors participated in the deal, whose amount was not disclosed.

Following the close of the transaction, the management of the company will continue to operate the business on a day-to-day basis. Revelstoke will provide strategic guidance and additional capital to accelerate the company’s growth and will leverage its transactional experience and network of industry contacts to pursue add-on acquisitions and organic geographic expansion.

Founded in 2004 and led by David Van Name, CEO, Upstream is a national provider of a comprehensive set of outpatient rehabilitation services, including free-standing physical therapy clinics, outpatient rehabilitation management services and a member network of rehabilitation service providers.
It operates more than 300 owned and managed clinics across a 23 states.



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