Bowstring Advises Pediatric Therapy Services and Shore Capital Partners on their Acquisition of AlphaVista

August 11, 2016 | Atlanta, GA

Bowstring Advisors (“Bowstring”) is pleased to announce Pediatric Therapy Services (“PTS”), a portfolio company of Shore Capital Partners (“Shore Capital”), has acquired and recapitalized AlphaVista Services (“AlphaVista”).

PTS was formed in May 2014 through the combination of MyTherapyCompany (“MTC”) and Cumberland Therapy Services (“CTS”). AlphaVista provides speech language pathology, occupational therapy, special education, school psychology and related services to a variety of public school districts and private learning centers. AlphaVista has a leading presence with many of the largest school districts in the San Francisco Bay Area, including San Jose. This Northern California presence complements PTS’ existing presence and reputation in Southern California. PTS now employs over 500 therapists providing services to more than 200 clients in 20 states throughout the U.S. PTS has more than 50 years of combined experience in special education and school therapy services and is a leading national provider of school-based therapy services. With AlphaVista, PTS is now one of the largest Nonpublic Agencies (“NPAs”) in the state of California.

Anthony Rintala, the President of PTS, noted, “AlphaVista brings international recruiting expertise and deep relationships with important school districts in the Northern California market, which will facilitate strong organic growth opportunities as PTS continues to help school districts deliver important and federally mandated services to children.”

Ryan Kelley, Partner at Shore Capital and Chairman of PTS, commented, “The partnership with AlphaVista furthers our efforts to become a top independent provider of staffing services to schools and special education departments. With AlphaVista, we believe we are in the top five pure-play providers of staffing solutions for healthcare professionals to the school setting. We’ve worked closely with Dave Phillips at Bowstring Advisors for several years to evaluate acquisition opportunities given his deep relationships and healthcare sector expertise.”

Phillips, Director at Bowstring, said, “We enjoyed working with the management team of PTS as they evaluated various partnership opportunities. The acquisition adds significant density in California, bolsters the team of professionals serving in educational settings throughout the United States and supports their organic and acquisition-driven growth strategies moving forward.”

Bowstring provided buy-side acquisition services to PTS and Shore Capital.

The partnership with AlphaVista furthers our efforts to become a top independent provider of staffing services to schools and special education departments. With AlphaVista, we believe we are in the top five pure-play providers of staffing solutions for healthcare professionals to the school setting. We've worked closely with Dave Phillips at Bowstring Advisors for several years to evaluate acquisition opportunities given his deep relationships and healthcare sector expertise.

Ryan Kelley
Partner
Shore Capital