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Main Street Therapy Partners Adds Sternen Physical Therapy Clinic in Beachwood, Ohio

Main Street Therapy Partners Adds Sternen Physical Therapy Clinic in Beachwood, Ohio

by | Apr 13, 2023 11:35 am | Rehabilitation

Main Street Therapy Partners has announced its recent acquisition of Beachwood, Ohio-based Sternen Physical Therapy, as well as its brand, Cleveland BodyWise. With Main Street Therapy Partners’ support, the Beachwood clinic will continue to operate under its current name and brand, while benefiting from Main Street Therapy Partners’ industry experience and operational, clinical and administrative resources. This acquisition solidifies Main Street Therapy Partners’ commitment to expanding its footprint and providing care to patients across the country. Financial terms of the deal were not disclosed. Founded in 1998, Sternen Physical Therapy’s team specializes in general orthopedic... Read More »
Capitol Pain Institute Completes Four Acquisitions

Capitol Pain Institute Completes Four Acquisitions

by | Apr 5, 2023 12:56 pm | Ambulatory Surgery Centers, Physician Medical Groups, Private Equity, Rehabilitation

Capitol Pain Institute (CPI), a portfolio company of Iron Path Capital, announced that it completed four transactions.  Springs Rehabilitation is operated by Dr. Kenneth P. Finn and Janel Sharp Moreno. In addition to rehabilitation services, the practice provides pain management services. It is based in Colorado Springs. According to data captured in the LevinPro HC database, this marks the 15th Rehabilitation transaction of the year.  Bolstering its Physician Medical Groups (PMG) portfolio, CPI acquired The Peak Physical Medicine as well as Spinal Diagnostics and Regenerative Medicine. The Peak Physical Medicine operates out of one Colorado Springs location and is run by one... Read More »
Empower Physical Therapy Acquires Spectrum Therapy Consultants

Empower Physical Therapy Acquires Spectrum Therapy Consultants

by | Mar 10, 2023 10:44 am | Private Equity, Rehabilitation

Empower Physical Therapy, a portfolio company of Chicago-based private equity firm Sheridan Capital Partners, announced on March 10 its acquisition of Spectrum Therapy Consultants for an undisclosed price. Founded in 2006, Spectrum Therapy Consultants provides outpatient physical therapy services using a hands-on, individualized approach. These personalized treatments assist patients recovering from a range of health issues, including pain, orthopedic and neuromuscular problems, joint issues, post-operative conditions and sports and work-related injuries. The company operates seven locations across the El Paso, Texas metropolitan area. Empower Physical Therapy provides physical therapy... Read More »
LifePoint Health Acquires Four Rehabilitation Facilities

LifePoint Health Acquires Four Rehabilitation Facilities

by | Mar 2, 2023 2:34 pm | Rehabilitation

LifePoint Health, a subsidiary of RCCH HealthCare Partners and Apollo Global Management, announced on March 2 that it purchased four rehabilitation facilities for an undisclosed price. The facilities have a combined workforce of 500 staffers and each facility has 36 rooms. The facilities are in Longview and Temple, Texas, Cincinnati, and Rogers, Arkansas. LifePoint Health owns and operates 62 community hospitals, more than 30 rehabilitation and behavioral health hospitals and 170 additional sites of care, including managed acute rehabilitation units, outpatient centers and post-acute care facilities. RCCH HealthCare is a portfolio company of Apollo Global Management. This acquisition... Read More »
Empower Physical Therapy Acquires Spectrum Therapy Consultants

Eclipse Decathlon Purchases Two Florida Rehabilitation Centers

by | Feb 28, 2023 1:40 pm | Rehabilitation

Eclipse Decathlon Properties, LLC announced that it sold two Pinellas County rehabilitation centers for $23.3 million. The buying entity is affiliated with Joseph Herskowitz. Eclipse Decathlon Properties is linked to Santerre Health Investors, a global healthcare-focused investment and operating platform that is a joint venture between Highgate Capital Investments and Aurora Health Network. Countryside Rehab and Healthcare Center is in Palm Harbor, Florida and provides rehabilitation services to the surrounding areas. The rehabilitation center has 120 beds. It was sold for approximately $12.95 million. Bardmoor Oaks Healthcare and Rehabilitation Center offers rehabilitation services out of... Read More »
Main Street Therapy Partners Adds Sternen Physical Therapy Clinic in Beachwood, Ohio

Ivy Rehab for Kids Partners With Sora Therapy

by | Feb 17, 2023 12:44 pm | Private Equity, Rehabilitation

Ivy Rehab for Kids welcomes Sora Therapy to its network. Founded in 2004 and based in Andover, Minnesota, Sora Therapy provides pediatric physical, occupational and speech therapy. Terms of the deal were not disclosed. Ivy Rehab for Kids is an outpatient pediatric rehabilitation provider and part of the Ivy Rehab network. Founded in 2003, Ivy Rehab, a portfolio company of middle-market private equity firm Waud Capital Partners, 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 marks the seventh Rehabilitation transaction of 2023. This is a significant decrease from the same... Read More »