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Wellspring Capital Management Recapitalizes HealthPRO Heritage
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NEW YORK, March 15, 2021 /PRNewswire/ Wellspring Capital Management (“Wellspring”), a New York‐based private equity firm, today announced that it has closed the acquisition of HealthPRO Heritage, a leading provider of contract therapy services across the post‐acute continuum. HealthPRO Heritage provides therapy services under the HealthPRO Heritage, HealthPRO Heritage at Home, HealthPRO Pediatrics and Alternatives ABA brands. Financial terms of the transaction were not disclosed.
Founded in 2007 and headquartered in Hunt Valley, Maryland, HealthPRO Heritage is one of the nation’s leading and most progressive providers of therapy and clinical solutions for skilled nursing, senior living, and home health care providers. The company also provides school‐based therapy, early intervention, and ABA services for children with special needs. With over 12,5
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PAE Reports Fourth-Quarter and Full Year 2020 Financial Results
PAEMarch 11, 2021 GMT
Fourth-quarter operating income of $20.5 million; $90.8 million for the year
Fourth-quarter net loss of $6.1 million; $15.3 million net income for the year
Fourth-quarter adjusted EBITDA1 of $44.0 million (margin of 5.6%1 of revenue); $180.2 million (margin of 6.6% of revenue) for the year
Fourth-quarter cash flows provided by operations of $8.7 million; $100.9 million cash flows provided by operations for the year
Fourth-quarter net bookings of $526 million (0.7x book-to-bill); $3.1 billion for the trailing 12 months (1.2x book-to-bill)
Company issues fiscal 2021 financial guidance
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