The Riverside Company Adds Latest Investment to Altius Group Platform

The Riverside Company, a global private investor focused on the smaller end of the middle market, has invested in Executive Health Solutions (EHS). The company is an add-on investment to Riverside’s platform, Altius Group Holdings (Altius), a leading provider of occupational rehabilitation, psychosocial and allied health services in Australia. Terms of the transaction were not disclosed.

EHS is a national provider of comprehensive employer-funded health assessments and ancillary services including health and weight management programs and psychological counselling, servicing corporate executives and privately funded individuals. EHS’ services are primarily delivered by general practitioners (GPs) and are aimed at early detection of disease and mitigation of health risks. EHS uses a proprietary longitudinal database to benchmark clients’ health profiles relative to typical individuals of similar demographic profiles. This in turn facilitates evidence-based lifestyle management plans.

“EHS is a complementary addition to the Altius platform, particularly since its customer base spans a number of blue-chip companies including top accounting firms, law firms and multinational banks,” said Riverside Australia Fund (RAF) Managing Partner Simon Feiglin. “Additionally, there’s an exciting opportunity to cross-sell other Altius services to EHS customers as part of the Group’s broader corporate health and wellness offering.”

This investment marks a further addition to Riverside’s dedication to Healthcare Specialisation, having invested in more than 200 platform and add-on companies. EHS is Altius’ fourth add-on since being acquired by Riverside in March of 2021.

“The addition of EHS further diversifies the Altius platform across funding sources, service lines and geographies, and is aligned with Altius’ focus on working with employers to elevate employees’ physical and mental health,” said RAF Vice President Ash Sorrenti. “We’re excited about what EHS CEO John Hall and his team will bring to the Altius Group.”

Working with Feiglin and Sorrenti on this deal for Riverside was Associate Thomas Hermsen.