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Pediatrics Plus Eyes Expansion With Backing of New Investors

2 min read

Developmental preschool and therapy services provider Pediatrics Plus of Conway plans to expand with the backing of new investors and a partnership with an online college.

Private equity firms Leavitt Equity Partners of Salt Lake City and Fulcrum Equity Partners of Atlanta on Monday announced they had joined an investor group to support Pediatric Plus’ growth. Pediatrics Plus currently has nine locations in Arkansas and one in Texas.

Terms of the transaction were not disclosed. Leavitt, which issued a news release about the transaction, did not immediately respond to questions about the deal.

Leavitt was founded in 2014 by former U.S. Health and Human Services Secretary Michael Leavitt. It manages more than $400 million in capital, raised primarily from health care companies, according to the release.

Fulcrum invests in health care services and business-to-business tech executives searching for $5 million to $30 million of equity for growth opportunities.

Also joining the investors group is Western Governors University, a private nonprofit online university based in Millcreek, Utah. The release called the university a “strategic partner” but did not specify its role in Pediatrics Plus’ growth plan.

Pediatrics Plus founders Todd and Amy Denton will remain the largest shareholders of the company and will continue to serve on the board of directors. Todd Denton is the CEO of FoxDen Capital Partners of Little Rock.

The Dentons bought Pediatrics Plus in 2002 and operated the business out of their home in their first year of ownership. At the time, the company contracted with eight therapists and worked with about 16 clients.

Pediatrics Plus has since grown to provide specialized health care services to more than 6,000 children with special needs and developmental delays each year. Services include physical therapy, occupational therapy, speech and language pathology and applied behavior analysis.

“We are delighted to partner with Leavitt Equity Partners and Fulcrum Equity Partners to continue to advance the mission of high-quality pediatric therapy within current and new markets,” Amy Denton said in a statement. “We believe this new partnership will accelerate the Company’s growth and opportunities to serve more families and we are excited for this next chapter for Pediatrics Plus.”

Pediatrics Plus CEO Scott Street said the partnership marks an “exciting milestone” for the company. “Our mission has always been to provide exceptional care for children with developmental needs, and with the expertise and support of Leavitt Equity Partners and Fulcrum Equity Partners, we are well-positioned to expand into new markets and enhance our service offerings for the families we serve.”

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