Chestnut Health

What Chestnut Health does

Chestnut Health is a multi-specialty medical group practice founded in 2011 and headquartered in Elgin, Illinois. The company delivers a Comprehensive Rehabilitative Program (CRP) that spans the full acute and post-acute care continuum, providing Physical Medicine and Rehabilitation clinical rounds, Neurorehabilitation and Stroke care, Pain and Procedural services, Fall Prevention, Cardiopulmonary Rehabilitation, and Bowel and Bladder programs. Services are delivered on-site at partner healthcare facilities by specialty-trained physicians, nurse practitioners, and physician assistants, with the company explicitly noting it is not a HIPAA-covered entity.

The practice was founded by CEO Omair Siraj in direct response to post-Affordable Care Act demand for specialty PM&R coverage in post-acute settings. Siraj previously served as CEO of Hospital Medicine Company, which was acquired by IPC The Hospitalist Company (NASDAQ: IPCM) in 2015 at a $1.4B market value. The current leadership team includes Jason Graf PA-C (Chief of Clinical Operations, 16+ years in PM&R), Erik Iverson (Chief Development Officer, 15 years in SNF operations/sales/marketing), Dr. Manamar Singh (Director of Transitional Care Management), and Stacey Webster (Practice Manager), collectively representing over 40 years of combined clinical and operational experience.

Revenue is generated through professional service contracts with healthcare facilities across four primary segments: hospital systems, skilled nursing facilities, long-term acute care hospitals, and assisted living facilities. The go-to-market is enterprise field sales, supported by content marketing (LinkedIn, The Chestnut Blog) and a website contact channel. Chestnut Health is privately held, operates exclusively in the Illinois/Chicagoland region, has no disclosed external institutional investors, and does not publicly disclose pricing or revenue. No proprietary technology platform, AI/ML capabilities, patents, or third-party integrations are described in available source material.

Name

Chestnut Health

Legal name

Chestnut Health

Website

https://chestnuthealth.com

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

101–250 employees

Short description

Chestnut Health is a multi-specialty medical group practice founded in 2011 that delivers on-site Physical Medicine and Rehabilitation services to hospitals, skilled nursing facilities, LTACs, and assisted living facilities across the Illinois/Chicagoland region through its Comprehensive Rehabilitative Program.

Ownership category

akta.pro rank

Product category

Rehabilitation Medical Services

NAICS

Offices of Other Health Practitioners (6213)

SIC

Services-Offices & Clinics Of Doctors Of Medicine (8011), Services-Specialty Outpatient Facilities, Nec (8093)

akta.pro primary industry

Multidisciplinary Outpatient Rehab Centers (PT/OT/SLP) (HLADAJAG)

Keywords

• Medical practice services
• Rehabilitation services
• Post-acute care
• Physical medicine
• Skilled nursing care

Headquarters

HQ city

Elgin

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Revenue model

1. Medical Practice Services: Chestnut Health generates revenue by providing comprehensive medical practice solutions to healthcare facilities including hospitals, skilled nursing facilities (SNFs), LTACs, and assisted living facilities. Services include Physical Medicine and Rehab Rounds, Neurorehabilitation, Pain Management, Fall Prevention, Cardiopulmonary Rehab, and Bowel/Bladder care programs. Revenue is derived from service contracts with healthcare facilities throughout the acute and post-acute care continuum.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Chestnut Health is a multi-specialty medical group practice that delivers comprehensive rehabilitation services across the acute and post-acute continuum of care. The practice staffs specialty-trained Physicians, Nurse Practitioners, and Physician Assistants on-site at hospitals, skilled nursing facilities, LTACs, and assisted living facilities to provide Physical Medicine and Rehabilitation clinical rounds, Neurorehabilitation and Stroke care, Pain Management, Fall Prevention, Cardiopulmonary Rehab, and Bowel and Bladder programs.

Product overview

Chestnut Health is a multi-specialty medical group practice providing a comprehensive rehabilitation program (CRP) across the acute and post-acute continuum of care. The company operates as a unified medical practice offering services through specialty-trained Physicians, Nurse Practitioners, and Physician Assistants in hospitals, skilled nursing facilities (SNFs), and assisted living facilities. The CRP encompasses seven interconnected service modules: Physical Medicine and Rehab Rounds (core clinical rounds), Neurorehabilitation & Stroke (specialty subspecialty care), Pain and Procedural (real-time pain management), Fall Prevention (preventive care), Cardiopulmonary Rehab (comorbidity management), and Bowel and Bladder (restoration of independence). These services are delivered through an accomplished team with more than 40 years of combined experience, focusing on customized clinical programs to enhance quality of patient care and clinical outcomes while mitigating overall cost of care.

Differentiator

Problem solved

Functional benefit

Products and services

• Comprehensive Rehabilitative Program (CRP) The umbrella program under which Chestnut Health delivers its multi-specialty rehabilitation services across the acute and post-acute continuum, encompassing Physical Medicine and Rehab Rounds, Neurorehabilitation & Stroke, Pain and Procedural, Fall Prevention, Cardiopulmonary Rehab, and Bowel and Bladder services. It is contracted by hospital systems, skilled nursing facilities, LTACs, and assisted living facilities.
• Physical Medicine and Rehab Rounds On-site specialty-trained Physician, APN, or PA clinical rounds providing Physical Medicine and Rehabilitation services to patients in hospitals, skilled nursing facilities, and assisted living facilities.
• Neurorehabilitation & Stroke Comprehensive subspecialty program delivered by Double Board Certified Physicians in PM&R and Brain Injury Medicine, addressing patients requiring neurorehabilitation and stroke care.
• Pain and Procedural Services On-site pain management and procedural services enabling real-time address of patient pain to maximize therapy regime effectiveness during recovery.
• Fall Prevention Fall prevention program creating structured plans to help therapists, nurses, and patients execute fall prevention strategies in hospitals, SNFs, and home settings.
• Cardiopulmonary Rehab Rehabilitation program addressing cardiopulmonary comorbidities in patients and residents, with expert-developed plans and programs for managing therapy around specific cardiopulmonary needs.
• Bowel and Bladder Care Program addressing bowel and bladder control needs for short-term and long-term patients, ensuring therapy processes help residents regain independence and dignity.

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators1 record

Recent moves6 records

Expansion highlights4 records

Regional players

• Athletico Physical Therapy: Midwest-headquartered outpatient physical and occupational therapy provider; comparable on the regional rehabilitation delivery model and as a neighboring provider in the same Chicagoland service area.

Others

• Genesis HealthCare: One of the largest U.S. skilled nursing facility operators and a major Chestnut customer archetype; relevant as a downstream buyer of PM&R physician services rather than a direct competitor.

Broad incumbents

• Encompass Health: Largest U.S. owner and operator of inpatient rehabilitation hospitals and the leading post-acute rehab provider; comparable because it serves the same acute-to-post-acute rehabilitation continuum that Chestnut's PM&R rounds support.
• ATI Physical Therapy: National outpatient physical therapy provider with strong Midwest presence; comparable on the outpatient multidisciplinary rehabilitation services market and Midwestern facility footprint.
• U.S. Physical Therapy: Public operator of ~600 outpatient physical and occupational therapy clinics; comparable as a scaled outpatient rehab platform competing for the same multidisciplinary rehabilitation demand.
• TeamHealth: National physician-staffing platform providing hospital medicine and post-acute services; comparable as a scaled physician-services group addressing the same hospital and post-acute facility buyers Chestnut targets.
• Concentra: Occupational medicine and physical-rehab provider operating on-site clinical services to employer and facility customers; comparable on the PM&R-led clinical rounds delivery model.
• Select Medical: Operates critical illness recovery hospitals (LTACs), inpatient rehab hospitals, and outpatient rehab clinics nationwide; comparable on the LTAC/SNF rehabilitation buyer-side and on the outpatient rehab delivery model.

Direct peers

• IPC Healthcare (now part of TeamHealth): Acquired Chestnut founder's prior company (HMC) in 2015 for a public-market value north of $1.4B; the most directly analogous strategic acquirer in Chestnut's category and the historical exit benchmark for the model.
• Sound Physicians: Hospitalist and post-acute physician group focused on acute and post-acute transitions of care; comparable on the embedded physician model serving hospitals and SNFs with value-based care programs.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat2 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/chestnut-health

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Chestnut Health