Strive Physical Therapy and Sports Rehabilitation, backed by Confluent Health, a subsidiary of the private equity firm Partners Group, acquired Dresher Physical Therapy on June 23. Financial terms of the deal were not disclosed.
Founded in 2005, Strive Physical Therapy and Sports Rehabilitation is a physical therapy practice. It has 265 employees across 32 clinics in New Jersey and greater Philadelphia. The practice deals with sports medicine, work injuries, neurological conditions, occupational therapy and more.
Dresher Physical Therapy is a private, therapist-owned physical therapy practice with two locations in Blue Bell and Fort Washington, Pennsylvania. It has 11 physical therapists.
While this is Strive’s first partnership of the year, in 2021 it acquired Shore Orthopedic & Athletic Rehabilitation for an undisclosed price.
According to the LevinPro HC database, this acquisition is the fifth Rehabilitation deal of June and the 47th of the year. Of the 47 announced Rehabilitation deals, 33 were done by private equity firms and/or their portfolio companies. The combined purchase price exceeds more than $2.14 billion in disclosed prices across seven deals in 2022. The largest Rehabilitation deal of the year remains General Atlantic’s acquisition of PT Solutions for $1.2 billion. Other active acquirers include U.S. Physical Therapy, Upstream Rehabilitation and Ivy Rehab.
