Philadelphia, PA – Capstone Partners LLC, a leading international investment banking firm, announced that it has successfully advised Progressus Therapy, a portfolio company of Sterling Partners, on its sale to Invo HealthCare Associates, a portfolio company of Post Capital Partners. Terms of the transaction were not disclosed.
Progressus Therapy is one of the nation’s leaders in school-based and early intervention programs and services. The Company provides a multitude of special education services from speech-language pathology (SLP), occupational therapy (OT) and physical therapy (PT) to psychology, nursing, teaching and early intervention. Partnering with hundreds of school districts and charter schools, as well as early intervention agencies across the country, Progressus Therapy employs more than 500 highly qualified clinicians and special education professionals who work with families and school communities to improve the outcomes of children with special needs. Prior to the acquisition by Invo HealthCare, Progressus Therapy operated as a portfolio company of Sterling Partners, a private equity firm with approximately $5 billion of assets under management with a focus on investing growth and human capital in mid-market companies in industries with positive, long-term trends including healthcare, education and business services.
Progressus Therapy was acquired by Invo HealthCare, a leading national provider of outsourced special education and related services solutions to schools and educationally-based programs for delivery to individuals with disabilities and developmental delays. Invo HealthCare is a portfolio company of Post Capital Partners, a New York based private investment firm that makes both minority growth and control investments in businesses with repeat or recurring revenue models.