SportsMed Physical Therapy, a portfolio company of private equity firm Hildred Capital Management, announced on January 9 that it was acquiring Red Bank Physical Therapy.
Red Bank Physical Therapy has been providing rehabilitation and physical therapy services in Monmouth County, New Jersey since 1991.
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. It is based in Glen Rock, New Jersey.
The financial terms of the transaction were not disclosed. This is SportsMed Physical Therapy’s first acquisition of 2024.
According to data captured in the LevinPro HC database, this transaction is the first Rehabilitation acquisition of 2024; in 2023, 50 Rehabilitation deals were reported.
