Ivy Rehab, a portfolio company of middle-market private equity firm Waud Capital Partners, announced its acquisition of Excel Physical Therapy, which provides care to patients in 24 clinics throughout New Jersey. This marks Ivy Rehab’s first transaction of 2023.
The partnership with Excel Physical Therapy brings an additional 24 clinics to Ivy Rehab’s more than 100 New Jersey locations. Terms of the deal were not disclosed.
Founded in 2003, Ivy Rehab is a network of outpatient physical, occupational and speech therapy and ABA clinics throughout the U.S.
According to data captured in the LevinPro HC database, this acquisition marks the sixth Rehabilitation transaction of 2023. Throughout 2022, there were 80 Rehabilitation transactions announced, seven of which involved Ivy Rehab as the acquirer.
