Ivy Rehab, a portfolio company of middle-market private equity firm Waud Capital Partners, announced that it has formed a partnership with Paul Wiener Physical Therapy.
Paul Wiener Physical Therapy is a physical therapy clinic in Hackensack, New Jersey. The company specializes in geriatric, neurological disorders, manual therapy, post-surgical rehab and general physical therapy care and wellness.
Founded in 2003, Ivy Rehab is a network of outpatient physical, occupational and speech therapy and applied behavior analysis clinics throughout the United States.
Through this partnership, Paul Wiener Physical Therapy will continue delivering the same individualized care to patients, now with the added support and expanded services of the Ivy Rehab Network. Financial terms of the deal were not disclosed.
According to data captured in the LevinPro HC database, this transaction represents the 33rd Rehabilitation transaction of 2025. This also marks Ivy Rehab’s fourth deal of the year. The company acquired In Motion Physical Therapy in January, Cawley Physical Therapy and Rehabilitation in February and Lakeside Comprehensive Rehabilitation in June. There were 46 Rehabilitation transactions announced during 2024, and 51 announced in 2023.

