Description
CBI Health was one of the largest rehabilitation companies in Canada with more than 900 clinical and support staff serving in over 225 clinics throughout Canada, offering comprehensive services in physiotherapy, occupational and exercise therapies as well as massage therapy and physician and chiropractic services.
Investment
$40.9M
Industry
Healthcare Services
Status
Realized
Clearspring Value Add
- Identified several adjacent expansion opportunities; initiated and oversaw entry into home healthcare via acquisition of Aetas Health Care (major growth driver), as well into medical clinic management via purchase of Care Point Medical.
- Entered the assessment business in Ontario to protect core business market share.
- Oversaw recruitment and hiring of new CFO.
- Worked closely and in partnership with CEO on strategy and organization changes required to manage CBI’s increasing complexity and growth.
- Assisted in the “acquisition playbook” that allowed CBI to become the first call for smaller operators seeking liquidity, resulting in over 20 highly-accretive acquisitions.
- Recruited a value-added Board of Directors that helped protect CBI’s leadership position, especially in the lucrative Alberta market.
131%
EBITDA Growth
152%
Revenue Growth
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