September 30, 2013 – Yellow Point Equity Partners III LP (“Yellow Point”) announced today its investment in CBI Health Group Limited Partnership (“CBI”).
CBI is a leading Canadian provider of outpatient rehabilitation and integrated community healthcare services. Headquartered in Ontario, the company employs more than 9,000 professionals to operate its network of over 200 locations across Canada. CBI offers services in physio, occupational, exercise and behavioural therapies, as well as physician, chiropractic, nursing, speech, massage, home health and eldercare. Yellow Point is partnering with the CBI management team and OMERS Private Equity Inc. in the ownership of CBI.
Yellow Point’s capital was used to partly fund CBI’s acquisition of We Care Health Services Inc. (“We Care”), a Canadian provider of home health care services. David Chapman, Managing Partner of Yellow Point said, “CBI has a long track record of both organic and acquisition-related growth. We are excited to be partnering with the company’s strong management team and look forward to CBI’s continued outperformance in the growing outpatient rehabilitation and community health services sectors. ”
The combined resources of CBI and We Care are anticipated to give rise to numerous benefits to Canadian health consumers. “Combining CBI and We Care gives us a unique ability to expand and coordinate community healthcare services across Canada,” added Christopher Szybbo, CEO of CBI. “We can be an even stronger partner to health agencies in advancing new service delivery models that will provide for better access and health outcomes to patients. We welcome the talented team at We Care and look forward to working together to continue to lead the industry.”
CBI is a leading provider of outpatient rehabilitation and integrated community healthcare services in Canada. Operating a network of over 200 community care centres and related health services, and with more than 9,000 staff, CBI offers services in physio, occupational, exercise and behavioural therapies, as well as physician, chiropractic, nursing, speech, massage, home health and eldercare.
The vision of CBI Health Group is to be the most respected company in the delivery of health care services and continue to help shape health care standards and practices in Canada. For further information, visit www.cbi.ca.
About Yellow Point
Yellow Point Equity Partners is a private equity investment firm with significant operating and investment experience. It invests in outstanding management teams of later-stage growth companies based primarily in western Canada and aims to be the long-term partner of choice for Canada’s leading mid-market companies. Yellow Point’s approach is supportive, hands-off with respect to day-to-day operations and active when it comes to strategic decisions and board work.
For more information, please contact David Chapman or visit www.ypoint.ca.