OMERS Private Equity acquires Accelerated Rehabilitation Centers

July 25, 2011

CHICAGO, ILLINOIS and TORONTO, ONTARIO (July 25, 2011) - OMERS Private Equity, the private equity arm of the OMERS Worldwide group of companies, has partnered with existing management to purchase Accelerated Holdings, LLC (together with its affiliates, "Accelerated") from affiliates of private equity firm Gryphon Investors. Terms of the acquisition were not disclosed.

Founded in 1989 and headquartered in Chicago, IL, Accelerated is a leading provider of traditional and specialty outpatient physical rehabilitation services in the U.S. Midwest. As of May 31, 2011, Accelerated operates a network of 223 clinics across eight states in the U.S. Midwest and Arizona. With over 1,300 clinical and support staff, Accelerated offers an industry-leading range of outpatient rehabilitation services including pre- and post-operative care, treatment for orthopedic-related disorders and sports-related injuries, and rehabilitation of injured workers.

"My team and I are excited to be working with OMERS Private Equity," said Eric Warner, President and CEO of Accelerated. "Accelerated is very well positioned in the U.S. Midwest rehabilitation market, and we are delighted to have knowledgeable partners with a long-term, patient investment approach to support our vision and growth strategy for the company's future."

"Accelerated is one of the most recognized providers of outpatient rehabilitation in the region with a prominent clinical reputation among patients and physicians, an exceptional track record of operational and financial performance and a highly scalable business model. We are thrilled to be working alongside Eric and his management team on the company's next phase of development," said Tim Patterson, Managing Director of OMERS Private Equity.

"We find the stable long-term growth and fragmented industry characteristics of the North American rehabilitation market highly attractive," said Don Morrison, Senior Managing Director and Canadian Country Head of OMERS Private Equity. "This is the second acquisition that we have made in the rehabilitation industry this year, having completed the acquisition of CBI Health Group, the largest provider of outpatient rehabilitation services in Canada in January."

Madison Capital Funding LLC and BMO Capital Markets served as co-lead arrangers and co-bookrunners for the credit facility. Madison Capital will continue to serve as the administrative agent. Weil, Gotshal & Manges LLP acted as legal counsel for OMERS Private Equity.

About Accelerated Rehabilitation Centers

Accelerated is a leading provider of outpatient rehabilitation services, including pre- and post-operative care and treatment for orthopedic-related disorders, sports-related injuries, and rehabilitation of injured workers. Through a network of 223 centres, including 178 owned centres and 44 Management Service Agreements ("MSAs"), Accelerated offers a comprehensive range of outpatient rehabilitation services that help patients return to the highest possible level of functional mobility to maximize independence and improve quality of life. For further information visit:

About OMERS Private Equity Inc.

Operating under the OMERS Worldwide brand, OMERS Private Equity today manages the private equity activities of OMERS and has over $5.5 billion of investments under management. The group's investment strategy includes the active ownership of businesses in North America and Europe. OMERS Private Equity is headquartered in Toronto, Canada, with offices in New York and London. For further information visit:


OMERS is one of Canada's largest pension funds with over $53 billion in net assets. It provides first-class pension administration and innovative products and services to over 400,000 members. Approximately one in every 20 employees working in the province of Ontario is an OMERS member. Through the OMERS Worldwide brand, our team of investment professionals uses a direct drive, active management investment strategy to invest in public and private market assets, including publicly-traded equities, fixed-income, infrastructure, private equity and real estate. For more information, please visit, or

For further information, please contact:

Don Morrison
Senior Managing Director and Country Head – Canada 
OMERS Private Equity
(416) 864-3212


Tim Patterson
Managing Director
OMERS Private Equity
(416) 864-3213