Upstream Rehabilitation, a portfolio company of Revelstoke Capital Partners, announced that it sold one of its portfolio companies, Therapy Direct, to Enlyte. The financial terms of the transaction were not disclosed.
Therapy Direct is a Tennessee-based physical therapy provider network. The company provides a full continuum of physical therapy care.
Based in San Diego, Enlyte specializes in cost containment technology, provider networks, clinical services, pharmacy benefit management and disability management.
Upstream Rehabilitation is a national provider of rehabilitation services through free-standing physical therapy clinics. Upstream operates more than 1,100 owned and managed clinics across 28 states.
According to data captured in the LevinPro HC database, this transaction represents the 33rd Rehabilitation acquisition of the year. This is also Upstream’s first move since it acquired
Transform Rehabilitation in September 2022.
