Physical Rehabilitation Network Expands into California

Physical Rehabilitation Network Expands into California

On May 3, Gryphon Investors’ portfolio company, Physical Rehabilitation Network (PRN), announced its acquisition of Kinetix Advanced Physical Therapy. The financial terms of the deal were not disclosed. This is PRN’s first deal of the year.  Founded in 1991, PRN specializes in physical therapy care, workplace ergonomics solutions and serves as a comprehensive practice management organization, providing non-clinical administrative support services to physical therapists across 16 states. PRN is known for its leading, value-driven practice management services and innovative, outcomes-driven physical therapy care. Kinetix Advanced Physical Therapy is a privately owned outpatient... Read More »
H.I.G. Capital’s CORA Health Services Acquires Four Physical Therapy Clinics

H.I.G. Capital’s CORA Health Services Acquires Four Physical Therapy Clinics

On April 21, CORA Health Services, a portfolio company of H.I.G. Capital, announced the acquisition of Greenfield PT and Lava PT, adding four physical therapy clinic locations to its network.  CORA Health Services, dba CORA Physical Therapy, is an outpatient rehabilitation company delivering a broad range of services. It has operations in Florida, Georgia, North Carolina, South Carolina, Tennessee and Virginia. This is CORA’s first acquisition since being sold by Gryphon Partners in the spring of 2021. Founded in 2014 and with locations in Spooner and Hayward, Wisconsin, Greenfield PT offers a wide variety of services, including general physical therapy and specialties in back and... Read More »
Confluent Health Strengthens California Confluent with Orthosport Physical Therapy Partnership

Confluent Health Strengthens California Confluent with Orthosport Physical Therapy Partnership

Confluent Health has announced a new partnership with Orthosport Physical Therapy, a California-based physical therapy group. The partnership marks Confluent Health’s third partnership as part of California Confluent, a new company with a mission to exclusively build out physical therapy private practice partnerships throughout the Golden State, further enabling private practices to flourish. Financial terms of the transaction were not disclosed. This partnership will allow Orthosport Physical Therapy to maintain its existing brand while gaining access to Confluent Health’s ecosystem of management services, education, and musculoskeletal health innovations. By the end of 2021,... Read More »
H.I.G. Capital’s CORA Health Services Acquires Four Physical Therapy Clinics

EmpowerMe Wellness Makes Another Acquisition

EmpowerMe Wellness, a St. Louis, Missouri-based provider of health services geared towards seniors, has announced that it acquired Salus Physical Therapy, a Tampa, Florida-based physical therapy provider. The acquisition went into effect on April 1, and the financial terms were not disclosed. This transaction is the 28th announced Rehabilitation deal of 2022, which is a healthy total considering that there were only 96 Rehabilitation transactions in all of 2021.  Founded in 2017, EmpowerMe Wellness describes itself as a tech-enabled, multiservice health care provider for senior living communities, providing integrated therapy, diagnostic, pharmacy and primary care services for their... Read More »
U.S. Physical Therapy Expands in PA

U.S. Physical Therapy Expands in PA

U.S. Physical Therapy (USPH), one of the largest providers of outpatient physical therapy in the United States, has announced a new acquisition for Harrisburg, Pennsylvania-based Madden and Gilbert Physical Therapy, LLC.  Madden and Gilbert Physical Therapy, LLC operates six physical therapy clinics in South Central Pennsylvania. It generates more than $7.5 million in annual revenue and has approximately 71,000 patient visits per year. USPH is acquiring a 70% interest in the clinic valued at $11.5 million, implying a $15.71 million value for Madden and Gilbert Physical Therapy. The practice’s founders will retain the other 30%. This deal expands USPH’s presence in Pennsylvania.... Read More »
U.S. Physical Therapy Expands in PA

Golden Bear Further Strengthens its Presence in California with Additional Acquisition

Golden Bear Therapy Partners, a rehabilitation practice based in Modesto, California, announced that it was acquiring ProSport Physical Therapy & Performance. The financial terms of the deal were not disclosed. A portfolio company of Shore Capital and Longshore Capital Partners, Golden Bear Therapy Partners operates rehabilitation centers across five states and 110 locations while employing more than 1,500 employees. Golden Bear provides specialized treatment to orthopedic, neurological, musculoskeletal and sports injury patients. For the last thirty years, ProSport Physical Therapy & Performance has been operating and delivering outstanding patient care behind the leadership of... Read More »