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 »
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 »
CORA Physical Therapy Expands Presence in Wisconsin with Alliant Physical Therapy Group Acquisition
On February 8, CORA Health Services, Inc., doing business as CORA Physical Therapy, a top-10 national operator of outpatient physical therapy services, announced the acquisition of Alliant Physical Therapy Group, a seven-clinic operation in Milwaukee and Kenosha. The acquisition will expand CORA’s footprint in Wisconsin to 17 clinics and give the company a significant presence there. CORA Physical Therapy is an outpatient rehabilitation company that uses proven clinical practices and cost effective treatment protocols to return patients to their jobs and lifestyles as soon as possible. CORA operates 258 clinics in Florida, Georgia, Illinois, Kentucky, Missouri, North Carolina, South... Read More »
Empower Physical Therapy Expands in California With Six Locations
Empower Physical Therapy acquired ProActive Physical Therapy & Sports Medicine, a California-based rehabilitation organization, for an undisclosed price. Empower Physical Therapy, a portfolio company of Sheridan Capital Partners, provides physical therapy practice management services and operates outpatient physical therapy clinics throughout the southeastern United States. It is headquartered in Phoenix, Arizona and has offices in California, Texas and Louisiana, with 38 locations overall. ProActive Physical Therapy & Sports Medicine provides award-winning outpatient physical therapy services using a hands-on, individualized approach. ProActive currently operates locations in... Read More »
Physical Rehabilitation Network Acquires Bonney Lake Physical Therapy & Hand Rehab in Washington State
On December 29, Physical Rehabilitation Network, LLC (PRN) announced the acquisition of Bonney Lake Physical Therapy & Hand Rehab, PLLC (Bonney Lake PT), continuing its expansion in the state of Washington. The Bonney Lake practice will elevate PRN’s Washington footprint to 22 clinics. Founded in 1991 and headquartered in Carlsbad, California, PRN is a leading physical therapy care provider and comprehensive practice management organization providing non-clinical, administrative support services to physical therapists across 16 states in the western and central portions of the United States. PRN is a portfolio company of Gryphon Investors, a leading middle-market private equity firm... Read More »Schedule a demo
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