Waud Capital-Backed Ivy Rehab Acquires Excel Physical Therapy
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.... Read More »
Confluent Health Acquires MOTION PT
Confluent Health, a portfolio company of Swiss-based private equity firm Partners Group, announced on February 1 its newest partnership with MOTION PT Group. The partnership brings Confluent Health’s national footprint to 609 private practice clinics in 35 states. The partnership will allow MOTION PT to maintain its existing branding while gaining access to Confluent Health’s ecosystem of management services as well as education and musculoskeletal health resources. MOTION PT Group is a physical therapy, occupational therapy and speech therapy company with 59 clinic locations across Connecticut, Massachusetts, Maryland and New York. Confluent Health includes physical and occupational... Read More »
Ivy Rehab Partners with Maximum Performance Physical Therapy and Sports Rehabilitation
Ivy Rehab, a portfolio company of middle-market private equity firm Waud Capital Partners, added two clinics to its footprint through its partnership with Maximum Performance Physical Therapy and Sports Rehabilitation. Maximum Performance Physical Therapy and Sports Rehabilitation was founded in 2013 by siblings James Van Dien and Paige Palmer. The practice offers orthopedic and sports physical rehabilitation in New Jersey, serving primarily the Bergen, Essex, Hudson and Passaic counties. Founded in 2003, Ivy Rehab is a network of outpatient physical, occupational and speech therapy and ABA clinics throughout the United States. According to data captured from the LevinPro HC database, this... Read More »
U.S. Physical Therapy Acquires 13-Clinic Physical Therapy Practice
U.S. Physical Therapy, Inc. (USPT), a national operator of outpatient physical therapy clinics and provider of industrial injury prevention services, announced its acquisition of a thirteen-clinic physical therapy practice. USPH acquired 80% of the equity interests of the physical therapy practice with the practice’s owners retaining 20%. The purchase price for the 80% equity interest was approximately $25 million. The business being acquired currently generates more than $12 million in annualized revenue and approximately 120,000 annualized patient visits. Founded in 1990, USPT operates 642 outpatient physical therapy clinics across 40 states. The company also manages 40 physical therapy... Read More »
