Riverside buys Australian allied health services provider Altius Group
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The Riverside Co. has acquired Altius Group Holdings, an Australian provider of allied health services, from Sydney-based holding firm AUB Group Ltd.
The deal, slated to close around the end of April, is valued at $44.3 million (in U.S. dollars) and gives Riverside a 75% stake in the company.
Per a description by Riverside, Altius provides a range of services including occupational rehabilitation case management and return-to-work support, employee counseling and well-being through employee assistance programs, functional capacity assessments and physical therapeutic treatment to disabled individuals under the National Disability Insurance Scheme. Altius has 30 locations across Australia.