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Revelstoke Capital Partners Completes Investment in Upstream Rehabilitation, Inc.

Denver, CO – Revelstoke Capital Partners (“Revelstoke”), a Denver-based private equity firm, has completed its investment in Upstream Rehabilitation, Inc. (“Upstream” or the “Company”).

Upstream is a leading national provider of a comprehensive set of outpatient rehabilitation services, including free-standing physical therapy clinics, outpatient rehabilitation management services and a member network of rehabilitation service providers. The Company is one of the largest and fastest growing in the industry with more than 300 owned and managed clinics across 23 states.

“We are excited to partner with an extremely talented and experienced management team to grow Upstream and further solidify its position as a leader in outpatient rehabilitation services,” said Mark King, CEO, Managing Partner and Co-Founder of Revelstoke. “Upstream has significant opportunity to drive growth through de novo expansion as well as acquisitions and has a strong reputation for clinical excellence and outcomes.”

“As the growth and development opportunities in outpatient rehabilitation continue to expand, I am thrilled to partner with the seasoned team at Revelstoke” remarked David Van Name, CEO of Upstream.

With its investment in Upstream, Revelstoke has now completed seven platform investments and five add-on acquisitions totaling approximately $1 billion of enterprise value since the firm’s inception.

Winston & Strawn LLP served as legal advisor to Revelstoke. Harris Williams & Co. served as financial advisor, and Proskauer Rose LLP served as legal advisor, to Upstream in the transaction.

Mezzanine capital was provided by a group including Yukon Partners and Northwestern Mutual Capital and Ally Corporate Finance acted as administrative agent, sole lead arranger and book runner on the senior credit facility.

About Upstream

Upstream is a provider of outpatient rehabilitation services, including free-standing physical therapy clinics, outpatient rehabilitation management services and a member network of rehabilitation service providers. With corporate offices in Birmingham, Alabama and Chattanooga, Tennessee, Upstream currently operates more than 300 owned and managed clinics across 23 states.

www.upstreamrehabilitation.com

About Revelstoke

Revelstoke is a private equity firm formed by experienced investors who focus on building exceptional industry-leading companies. Revelstoke strives to partner with management teams to execute on a disciplined organic and acquisition strategy to build industry-leading companies and generate superior investment returns for management owners and investor partners. Revelstoke’s Managing Partners, Mark King, Dale Meyer and Simon Bachleda, have more than six decades of combined private equity investing and capital formation experience having completed more than 100 platform and add-on acquisitions, representing more than $6 billion of total enterprise value.

Contact Information

Mark King, Managing Partner: 303-953-5100
Simon Bachleda, Managing Partner: 303-953-3098
Dale Meyer, Managing Partner: 303-953-3094