Exalt Health

What Exalt Health does

Exalt Health is a private, PE-backed operator of freestanding inpatient rehabilitation hospitals (IRFs) headquartered in Garland, Texas, formed to build a multi-state platform with backing from Nautic Partners and the founding management team. It serves adult patients recovering from stroke, traumatic brain injury, spinal cord injury, joint replacement, multiple trauma, cardiac events, Parkinson's disease, and other complex physical and cognitive conditions that require intensive, multidisciplinary rehabilitation. Patients are admitted through medical referrals from acute care hospitals, emergency rooms, and physicians following serious medical events, and the company delivers roughly three hours of structured daily physical, occupational, and speech therapy supported by an around-the-clock multidisciplinary care team.

The core technology and clinical model centers on a standardized inpatient rehabilitation protocol enhanced by a therapeutic equipment stack that includes the Bioness Integrated Therapy System (BITS), LiteGait gait training system, Chattanooga Intelect Legend XT 4-Channel Electrotherapy Unit (FDA-cleared for dysphagia), SportsArt C535R recumbent bikes, and Nintendo Wii-based therapy. Each facility is purpose-built as a 40- to 48-bed single-purpose rehabilitation hospital designed specifically for complex cases, with all operating sites holding Center for Improvement in Healthcare Quality (CIHQ) Hospital Accreditation demonstrating compliance with CMS Conditions of Participation.

Revenue is generated through inpatient rehabilitation services billed primarily to Medicare (and various insurance plans), with charges negotiated on a payer-specific basis. The company operates as a referral-driven, direct-care provider — not a contracted network with most insurers — meaning patient acquisition relies on relationships with acute care hospitals, ERs, and physicians. Exalt Health has scaled rapidly from one Texas site to seven operational facilities across Texas, Arizona, and Florida, with three additional $30 million hospitals under construction in Florida and further sites planned, positioning it as a growth-stage platform rather than a mature operator.

Name

Exalt Health

Legal name

Exalt Health LLC

Website

https://exalthealth.com

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

101–250 employees

Short description

Exalt Health is a PE-backed operator of freestanding inpatient rehabilitation hospitals in Texas, Arizona, and Florida, delivering intensive physical, occupational, and speech therapy to patients recovering from stroke, brain injury, spinal cord injury, and complex surgery through multidisciplinary care teams.

Ownership category

akta.pro rank

Product category

Inpatient Rehabilitation Services

NAICS

Offices of Physical, Occupational and Speech Therapists, and Audiologists (62134), Ambulatory Health Care Services (621)

SIC

Services-Hospitals (8060), Services-Health Services (8000)

akta.pro primary industry

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

akta.pro secondary industry

Outpatient Rehabilitation Clinics (PT/OT/SLP) (HLAFAFAG)

Keywords

• Inpatient rehabilitation services
• Post-acute care
• Physical rehabilitation therapy
• Stroke recovery programs
• Freestanding rehabilitation hospitals

Headquarters

HQ city

Conroe

HQ country

United States

HQ region

North America

Offices8 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D, Supply Chain

Revenue model

1. Inpatient Rehabilitation Services: Exalt Health operates inpatient rehabilitation hospitals providing specialized care to patients regaining strength, mobility, and independence after serious medical events. Revenue is generated through patient stays, therapy services, and is primarily billed through Medicare and insurance plans. The hospital is not contracted with insurance plans and notes charges are based on payer-specific negotiated rates.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels3 records

Core offering

Exalt Health operates freestanding inpatient rehabilitation hospitals (40–48 beds each) providing intensive physical, occupational, and speech therapy (three hours of structured therapy per day) to patients recovering from serious medical events such as stroke, brain injury, spinal cord injury, joint replacement, multiple trauma, and cardiac events. Treatment is delivered by multidisciplinary care teams around the clock and supported by advanced therapeutic technologies (Bioness BITS, LiteGait, Chattanooga electrotherapy, SportsArt recumbent bike, Nintendo Wii). The company bills primarily through Medicare and other insurance payers for inpatient rehabilitation services accepted via medical referrals from acute care hospitals, emergency rooms, and physicians.

Product overview

Exalt Health is an inpatient rehabilitation hospital network operating freestanding rehabilitation facilities across Texas, Arizona, and Florida. The company provides specialized inpatient rehabilitation services through a platform of hospital locations offering intensive physical, occupational, and speech therapy. The product portfolio centers on the core inpatient rehabilitation hospital services enhanced by advanced therapeutic technologies including the Bioness Integrated Therapy System (BITS), LiteGait gait training system, Chattanooga electrotherapy unit, SportsArt recumbent bikes, and Nintendo Wii-based therapy. The company treats patients with complex physical and cognitive problems including stroke, brain injury, spinal cord injury, joint replacement, arthritis, cardiac conditions, pulmonary issues, wound care, and multiple trauma.

Differentiator

Problem solved

Functional benefit

Products and services

• Inpatient Rehabilitation Hospital Services Freestanding inpatient rehabilitation hospital services for adult patients recovering from stroke, brain injury, spinal cord injury, joint replacement, multiple trauma, cardiac events, amputation, arthritis, Parkinson's disease, pulmonary conditions, and wound care. Each stay includes three hours of structured daily therapy (physical, occupational, and speech) delivered by a multidisciplinary care team around the clock, personalized to the patient and supported by advanced therapeutic technologies.

Quantifiable outcome

• Shorter average hospital stays compared to national averages
• +4 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Five partnerships are on record, tiered core, strategic and minor.

• Catamount|Freese Johnson JV, LLCcoreImplementation/ SI/ Consulting Partner · 23 April 2025Joint venture between Catamount Constructors and Freese Johnson serving as the construction partner for three new $30 million rehabilitation hospitals in Florida (Wellen Park, Daytona Beach, and Orange Park). Catamount brings 28 years of healthcare construction experience and is ranked in ENR's Top 400 National Contractors.
• Astrea DevelopmentcoreStrategic or Co-development Partner · 23 April 2025Astrea Development LLC is a privately held real estate development and investment company based in Dallas, Texas focused on healthcare real estate development. Brings over 20 years of IRF development experience and formerly served as an IRF operator.
• Ryan Companies US, Inc.coreStrategic or Co-development Partner · 3 February 2025Ryan Companies is a national commercial real estate solutions provider that developed and built the One Scottsdale Medical facility where Exalt Health's Scottsdale hospital is located. The partnership enables Exalt Health to operate within a Class A multi-tenant medical building.
• DMB AssociatesstrategicStrategic or Co-development PartnerDMB Associates and its partners are developing the One Scottsdale mixed-use development where Exalt Health's Scottsdale facility operates. One Scottsdale is a 120-acre development planned to include 2.86 million square feet of commercial space, 2,000 residential units, and 400 hotel rooms.
• Greater Phoenix Economic Council (GPEC)minorGTM or Marketing PartnerGPEC is a data-driven regional economic development organization working to attract and grow quality businesses in Greater Phoenix. Recognized Exalt Health's opening as helping build a healthy population while creating jobs in the region.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• ScionHealth (formerly Kindred Healthcare): Operates community hospitals, IRFs, and LTACs across the U.S. Competes with Exalt Health for post-acute referrals and shares the IRF operating model, though with broader service mix and LTAC focus.
• Encompass Health: The largest U.S. operator of inpatient rehabilitation hospitals with ~160+ IRFs nationwide. Directly comparable as an IRF-platform competitor, though significantly larger and publicly traded; competes with Exalt Health for referrals in shared Sun Belt markets.
• RehabCare (now part of Kindred at Encompass joint venture): Provides inpatient rehabilitation program management and therapy services; relevant comparable for therapy-delivery models and IRF operations within Exalt Health's clinical service portfolio.
• Select Medical Holdings: Operates critical illness recovery hospitals, IRFs, and outpatient rehab clinics. Competes with Exalt Health in the inpatient rehabilitation segment and shares the freestanding-IRF business model, though with much broader service lines.
• HCA Healthcare: Largest U.S. for-profit hospital operator with embedded IRF units and a major source of acute-care referrals. Competes indirectly with Exalt Health through owned IRF capacity and is also a referral source partner.

Regional players

• Baptist Health South Florida: Large non-profit health system in Florida with inpatient rehabilitation services. Competes with Exalt Health's Florida facilities for acute-care referrals within the same regional market.
• Memorial Hermann Health System: Houston-based integrated health system operating IRF units and TIRR Memorial Hermann, a leading specialty rehab hospital. Competes with Exalt Health's Conroe location and serves the same Texas referral market.

Direct peers

• PAM Health: Operates a national network of inpatient rehabilitation and long-term acute care hospitals, with many facilities in the Sun Belt. Closest direct comparable to Exalt Health in terms of freestanding IRF platform, specialty rehab focus, and growth strategy.
• Vibra Healthcare: Private operator of inpatient rehabilitation hospitals and long-term acute care hospitals. Comparable business model and patient mix to Exalt Health, with similar emphasis on medically complex rehab cases.
• Ernest Health: Private operator of inpatient rehabilitation hospitals and LTACs, with a similar focus on complex post-acute care. Closely comparable to Exalt Health in scale, operating philosophy, and clinical focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/profile.php
• LinkedInlinkedin.com/company/exalt-health

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 Exalt Health