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PE-backed Performance Health opts for sale over IPO

Jun 01, 2016 - The Deal Pipeline
Mergers and Acquisitions

Gridiron Capital LLC-backed Performance Health Holdings Corp. has agreed to sell itself about a month after disclosing plans to bring shares of the rehabilitation products company to the public markets.

Performance Health's largest customer, Patterson Medical Holdings Inc., on Tuesday, May 31, announced it would purchase the Akron, Ohio, company for undisclosed terms. The target revealed in a Form S-1 filed April 22, however, that it posted $54.3 million in adjusted Ebitda in fiscal 2015 o...