Private equity investment firms Blue Wolf Capital and Peloton Equity formed a new joint venture company ClearSky Health. The new company, headquartered in Austin, Texas, will develop and acquire inpatient rehabilitation facilities and related post-acute services companies as part of a strategy to build a market leader in the integrated delivery of rehabilitation services from the hospital to the patient’s home. Financial terms were not disclosed. “The post-acute care sector in the U.S. is evolving towards integrated delivery models and value-based care, and we believe IRFs are well-positioned to play an important role in this transformation,” said Ted Lundberg, Co-Founding Partner at Peloton Equity. “We are excited to partner with a team we have worked with before that has a proven track record of growth, innovation, high quality operations and superior clinical outcomes.”