Polen Capital Announces Closing of Senior Secured Notes to WestStar Physical Therapy
Boca Raton, FL – August 5, 2025 – Polen Capital is pleased to announce the closing of senior secured notes to WestStar Physical Therapy, a specialized physical therapy operator in Southern California. The proceeds from the notes were used to help finance the acquisition of WestStar by Accord Asset Partners and Paras Capital Partners from the company’s founder.
WestStar Physical Therapy, which has been in operation for more than 45 years, is a specialized physical therapy operator exclusively treating worker’s compensation and auto accident patients. Polen Capital secured this opportunity as a result of its longstanding relationship with the sponsor, its knowledge of the industry, and its ability to provide the certainty of financing coupled with quick execution the transaction required.
About Polen Capital
Polen Capital is a global investment firm with extensive credit capabilities provided by its wholly-owned subsidiary, Polen Capital Credit. Since 2011, funds and accounts managed by Polen Capital have provided over $6.7 billion in direct transactions to public and private companies, investing across the capital structure, including senior loans, subordinated debt, and equity. Polen Capital targets financings that range from $10 million to $100 million to public and privately-owned companies across a variety of sectors. For more information, visit www.polencapital.com or follow us on LinkedIn.
About WestStar Physical Therapy
Founded in 1980, WestStar Physical Therapy (WSPTN – Physical Therapy Network) is a specialized physical therapy operator exclusively treating workers’ compensation and auto accident patients. The company has grown to 17 full-service clinics and also maintains partnerships with “network clinics” for which it provides administrative services and patient referrals. WestStar’s management team and corporate infrastructure have enabled the Company to become a highly trusted provider of workers’ compensation and auto accident-related therapy in the region.
Important Disclosures
No statement herein should be interpreted as an offer to sell or the solicitation of an offer to buy any security (including, but not limited to, any investment vehicle or separate account managed by Polen Capital). This information is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to local law or regulation.