ActivePro Rehab Partners, a portfolio company of The Beekman Group, announced on November 1 that it acquired Rehab Excellence Center.
Founded in 2001, Rehab Excellence Center is a leading provider of physical therapy services throughout southern New Jersey that, pre- acquisition, operated six locations.
ActivePro Rehab Partners manages rehabilitation clinics. More than 40 years ago, it was formed to accelerate clinic growth in New Jersey and beyond.
The addition of Rehab Excellence expands ActivePro’s coverage across the state with 48 locations in 16 New Jersey counties. Rehab Excellence, in turn, will operate 12 locations. Terms of the acquisition were not disclosed.
According to the LevinPro HC database, this acquisition marks the 73rd Rehabilitation transaction of the year, and seventh of the fourth quarter. Private equity represents 62% of the Rehabilitation transactions throughout the year. Groups such as Upstream Rehabilitation Revelstoke Capital Partners’s Upstream Rehabilitation (five deals), Waud Capital Partners’s Ivy Rehab (four deals) and Partners Group’s Confluent Health (six deals) have been active buyers in the market.
