Ivy Rehab, a national leader in outpatient musculoskeletal rehabilitative services, announced that it acquired Back in Action Physical Therapy, growing its North Carolina footprint. The details of the transaction were not disclosed.
Founded in 2003 and based in Harrison, New York, Ivy Rehab Physical Therapy is a portfolio company of Chicago-based private equity firm Waud Capital Partners. Ivy Rehab provides a comprehensive offering of physical therapy services through its more than 90 centers in the Northeast and Midwest regions of the United States.
Back in Action is a privately owned physical therapy clinic that specializes in rehabilitation from orthopedic and sports related injuries. Since its founding in 2000, Back in Action has solidified a strong presence in the Research Triangle area of North Carolina, expanding to three facilities within the communities of Apex, Fuquay-Varina and Holly Springs.
The acquisition of Back in Action’s three locations strengthens Ivy Rehab’s position in North Carolina. With the combined resources of Back in Action and Ivy Rehab, Back in Action can extend its reach and continue to share its model of quality physical therapy to its patients. Ivy Rehab will take on Back in Action’s team into their team.
This is the 83rd rehabilitation acquisition of the 2021, and Ivy Rehab’s second purchase of the year. In September, Ivy Rehab acquired Elite Physical Therapy of Rhode Island, based in Providence, Rhode Island. This acquisition expanded Ivy’s national footprint into a state, for a total of 13 states (Connecticut, Delaware, New Jersey, New York, Pennsylvania, Rhode Island, Illinois, Indiana, Michigan, Ohio, North Carolina, South Carolina and Virginia) across upwards of 280 clinics with more than 1,600 employees.
