SportsMed Physical Therapy announced it has acquired New Jersey-based Mountainside Wellness. According to data captured in the LevinPro HC database, this transaction marks the 40th Rehabilitation acquisition of the year.
Mountainside Wellness is a provider of physical therapy and chiropractic services in the central New Jersey area. The rehab provider has two clinic locations in Mountainside and Colonia, New Jersey.
Founded in 2004, SportsMed Physical Therapy is a physical therapy-focused physician practice management company, with 33 clinics that provide physical therapy, chiropractic, acupuncture and occupational therapy services. SportsMed is a portfolio company of private equity firm Hildred Capital Management.
The acquisition of the New Jersey clinics provides SportsMed with two additional locations in complementary geographic areas to SportsMed’s existing locations, and further supports SportsMed’s strategy to expand its footprint.
Holland & Knight served as legal adviser to SportsMed on the transaction. Debt financing for the transaction was provided by Oxford Finance. Financial terms of the deal were not disclosed.
