The Riverside Co. has sold Work Health Group, but not before helping the Australian rehab specialist grow into a national leader. “Working with a great management team at Work Health Group, we have helped them claim more market share and expand into adjacent markets, and ultimately help more people get well and return to work,” Riverside Managing Partner Simon Feiglin said in a statement. Based in Melbourne, Australia, Work Health Group provides occupational rehabilitation case management services, employment services and disability support across Australia. Since Riverside’s 2015 investment, the company expanded with add-ons and rebranded. It now includes five brands delivering service through more than 80 locations in Australia, and increased revenues by more than 220 percent and EBITDA by more than 250 percent during the hold. Working with Feiglin on the transaction for Riverside were:
- Partner Nick Speer
- Managing Partner Stu Baxter
- Senior Associate Kevin Xu
Deloitte Corporate Finance and Herbert Smith Freehills advised Work Health Group on the transaction. Westpac provided debt finance to the business through Riverside’s investment period.
