St. Louis-based EmpowerMe Wellness, a healthcare provider serving senior living communities, on August 29 acquired ONR, an Austin, Texas-based provider of physical, occupational and speech therapy services in 27 states. Terms of the deal were not disclosed.
The combined companies will serve communities across 36 states, including 100,000 older adults with 2,880 staff members.
Founded in 2017, EmpowerMe Wellness describes itself as a tech-enabled, multiservice healthcare provider for senior living facilities, providing integrated therapy, diagnostic, pharmacy and primary care services for their residents. EmpowerMe Wellness has 1,100 employees and has grown from approximately 40 senior living facilities using its services in August 2020 to more than 450. EmpowerMe Wellness’ lead investor is St. Louis-based holding company Hermann Companies.
According to the LevinPro HC database, this marks the 60th Rehabilitation deal of the year and the third Rehabilitation acquisition of August. The largest Rehab deal of the year was Patient Square Capital’s acquisition of Hanger, Inc., which provides orthotic and prosthetic services through its patient care segment with about 875 locations nationwide, for a total enterprise value of $1.25 billion.
