On 8 April 2021, Riverside Australia Fund III completed the investment in Altius Group, a leading provider of allied Health Services in Australia.
Founded in 2001, Altius Group provides a range of services including; occupational rehabilitation case management and return-to-work support, employee counselling and wellbeing through employee assistance programs, functional capacity assessments and physical therapeutic treatment to disabled individuals under the National Disability Insurance Scheme. Altius has 30 locations across Australia.
Customers of Altius Group include large insurance companies acting as scheme agents for state governments, governmental agencies, large and small corporates, educational institutions, and for some services, directly to individuals.
“More than ever, there is a critical need to enable organisations and their people to optimise their physical, mental and social health,” says Riverside Partner Simon Feiglin. “Our partnership with Altius will allow the organization to reach more people than ever; and, we are actively seeking both organic and inorganic growth opportunities to position Altius as the leader in the wellness space for the Australian market.”
Altius founder and CEO, Derick Borean, says: “The Altius team are excited to partner with Riverside given their deep healthcare experience and strong appetite to support growth. This will only enhance our focus on providing our customers with the best service and outcomes.”
RAF III intend to grow the Atlius’ businesses organically and also look at add-ons to achieve scale nationally and possibly consider off-shore expansion.
