Select Medical Buys 50-Bed Valir Rehabilitation Hospital
On September 4, Select Medical announced a definitive agreement to acquire Valir Rehabilitation Hospital in Oklahoma City, Oklahoma from Valir Health. Valir Rehabilitation Hospital is a 50-bed inpatient rehabilitation facility focused on personalized care, providing physical therapy, occupational therapy, speech therapy, medical care, nutritional support and more. Select Medical is one of the largest operators of critical illness recovery hospitals, rehabilitation hospitals, outpatient rehabilitation clinics, and occupational health centers in the United States based on number of facilities. As of June 30, 2024, Select Medical operated 107 critical illness recovery hospitals in 29 states,... Read More »
U.S. Physical Therapy Announces Third Acquisition of 2024
On September 3, U.S. Physical Therapy, Inc. announced the acquisition of a physical therapy and hand therapy practice in Pennsylvania. The practice has eight clinic locations across the state, which currently generate approximately $5.5 million in annual revenues. Founded in 1990, U.S. Physical Therapy, Inc. operates more than 680 outpatient physical therapy clinics in 42 states. The company’s clinics provide preventive and post-operative care for a variety of orthopedic-related disorders and sports-related injuries, treatment for neurologically-related injuries and rehabilitation of injured workers. U.S. Physical Therapy acquired a 70% interest in the target with the current owners... Read More »
Sila Realty Trust, Inc. Completes $28.25 Million Acquisition in Fort Smith, Arkansas
Sila Realty Trust, Inc. announced on July 29 the $28.25 million acquisition of an inpatient rehabilitation facility located in Fort Smith, Arkansas. The Fort Smith facility offers intense rehabilitation tailored to the individual needs of those recovering from stroke, brain injury, neurological conditions, trauma, spinal cord injury, amputation and orthopedic injury. The approximately 62,500-square-foot facility was built in 2021 and is fully leased to Mercy Rehabilitation Hospital, a joint venture between Mercy Hospital Fort Smith and Lifepoint Health. Sila Realty Trust, Inc. is a public, non-traded real estate investment trust headquartered in Tampa, Florida. It invests in high-quality... Read More »
Rehab Practice Management Purchases Top PT in Franklin, TN
Rehab Practice Management, LLC announced that it has acquired Top PT, a provider of outpatient physical therapy services located in Franklin, Tennessee. Rehab Practice Management, headquartered in Brentwood, Tennessee, operates 11 wholly owned outpatient clinics and provides rehabilitation management and therapy staffing services to hospitals. Rehab Practice Management CEO, John Hawes, commented: “This is an important acquisition for us, as it introduces us into the vibrant Nashville area healthcare market. Top PT is a highly respected provider of outpatient therapy services led by outstanding, experienced physical therapists Jody Swearingen PT; DPT and Dawn Duck PT; DPT. Jody and... Read More »
Access Physical Therapy & Wellness Partners With Kentucky-Based Firm
Access Physical Therapy & Wellness (also called Access PT) announced that it has partnered with Kentucky-based Confluent Health. This marks Confluent Health’s 16th acquisition since May 2019. Access PT provides physical, occupations, pelvic health and hand therapy in 66 locations in Pennsylvania, Connecticut, New York and North Carolina. Confluent Health, a portfolio company of Swiss-based private equity firm Partners Group, is a family of physical and occupational therapy companies transforming healthcare by strengthening private practices, developing highly effective clinicians, innovating new services and technology to improve the quality of care for patients and lowering costs via... Read More »Schedule a demo
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