H.I.G. Capital Sells Align Networks

H.I.G. Capital, a global private equity firm, announced the sale of its investment in Align Networks, Inc. The transaction adds to the firm’s long standing track record of successful workers’ compensation and healthcare service industry investments.

Miami, FL, November 09, 2011 --(PR.com)-- Align is a leading provider of outpatient physical therapy (PT) services and is headquartered in Jacksonville, Florida. The company provides PT services to the worker’s compensation industry in the USA. The business coordinates patient care and actively manages the claims process for its clients. The process includes third-party administrators, insurance carriers, government insurance entities, and self-insured corporations. Align delivers a high value proposition through its national network of third-party PT providers. Established in 2005, the Company has an outstanding record of profitability and growth, which makes it an undisputed leader in the workers’ compensation sector.

Butch Hofstetter, Chief Executive Officer of Align, remarked that from the beginning, H.I.G. Capital has been a great benefit to the company by providing strategic insight and support as well as capital to fuel the company’s growth strategy. Rick Rosen, an Executive Managing Director at H.I.G. Capital, stated that the Align team flawlessly executed its long-term strategic plan and retained its focus on delivering exceptional customer service and value-added solutions to its clients. Align’s outstanding value creation and growth has resulted in a great investment outcome for H.I.G. and its investors.

H.I.G. Capital is a leading global private equity investment firm based in Miami. The firm has more than $8.5 billion of capital under management. H.I.G. specializes in providing capital to small and medium sized businesses and has offices in Atlanta, Boston, New York and San Francisco, as well as Hamburg, London and Paris in Europe.

H.I.G. Capital
John Bolduc