EmpowerMe Wellness Acquires Therapy Provider ONR
St. Louis-based EmpowerMe Wellness, a healthcare provider serving senior living communities, on August 29 acquired ONR, an Austin, Texas-based provider of physical, occupational and speech therapy services in 27 states. Terms of the deal were not disclosed. The combined companies will serve communities across 36 states, including 100,000 older adults with 2,880 staff members. Founded in 2017, EmpowerMe Wellness describes itself as a tech-enabled, multiservice healthcare provider for senior living facilities, providing integrated therapy, diagnostic, pharmacy and primary care services for their residents. EmpowerMe Wellness has 1,100 employees and has grown from approximately 40 senior... Read More »
Patient Square Capital Makes Third Acquisition of the Year
Patient Square Capital, run by Jim Momtazee, acquired Hanger, Inc. (NYSE: HNGR) on July 21 for $1.25 billion, marking Patient Square’s third deal of the year. Headquartered in Austin, Texas, Hanger, Inc. provides orthotic and prosthetic (O&P) services through its patient care segment, with approximately 875 locations nationwide. It recorded revenue of more than $1.120 billion in 2021. Patient Square Capital was founded in 2020 and is based in Menlo Park, California. Hanger stockholders will receive $18.75 per share, representing an approximately 29% premium to the 30-day volume-weighted average price ending July 20, 2022. The transaction will be financed through a... Read More »
Sila Realty Trust Acquires TGH Rehabilitation Hospital for $51.2 Million
Sila Realty Trust, Inc., a non-traded real estate investment trust, announced on July 21 its acquisition of the TGH Rehabilitation Hospital, an 80-bed inpatient acute rehabilitation facility in Tampa. The purchase price was $51.2 million, excluding acquisition costs. The acquisition of TGH Rehabilitation Hospital strengthens Sila Realty Trust’s presence in its home state of Florida. The TGH Rehabilitation Hospital manages the treatment and recovery of patients who have suffered a severe injury or illness. The facility is located on 3.8 acres and includes nearly 88,000 rentable square feet. It is 100% leased to Tampa Rehabilitation Hospital, LLC, a joint venture between Tampa General... Read More »
Confluent Health-backed Strive Physical Therapy Acquires Dresher Physical Therapy
Strive Physical Therapy and Sports Rehabilitation, backed by Confluent Health, a subsidiary of the private equity firm Partners Group, acquired Dresher Physical Therapy on June 23. Financial terms of the deal were not disclosed. Founded in 2005, Strive Physical Therapy and Sports Rehabilitation is a physical therapy practice. It has 265 employees across 32 clinics in New Jersey and greater Philadelphia. The practice deals with sports medicine, work injuries, neurological conditions, occupational therapy and more. Dresher Physical Therapy is a private, therapist-owned physical therapy practice with two locations in Blue Bell and Fort Washington, Pennsylvania. It has 11 physical... Read More »