Ivy Rehab, based in Harrison, New York, announced that it entered into an agreement to acquire Kinnelon Physical Therapy.
Kinnelon Physical Therapy is a rehabilitation and orthopedic provider serving Northern New Jersey for more than 36 years.
Founded in 2003, Ivy Rehab, a portfolio company of middle-market private equity firm Waud Capital Partners, is a network of outpatient physical, occupational and speech therapy and applied behavior analysis clinics throughout the United States.
This partnership represents Ivy Rehab’s continued investment in New Jersey communities and its commitment to supporting practices that deliver patient-centered, high-quality care. Terms were not disclosed.
According to data in the LevinPro HC database, this transaction represents the 40th Rehabilitation transaction of the year. There were 46 Rehabilitation acquisitions announced in 2024. This also represents Ivy Rehab’s fifth acquisition of 2025.
