ActivePro Rehab Partners Expands In New Jersey
ActivePro Rehab Partners, a portfolio company of The Beekman Group, announced on November 1 that it acquired Rehab Excellence Center. Founded in 2001, Rehab Excellence Center is a leading provider of physical therapy services throughout southern New Jersey that, pre- acquisition, operated six locations. ActivePro Rehab Partners manages rehabilitation clinics. More than 40 years ago, it was formed to accelerate clinic growth in New Jersey and beyond. The addition of Rehab Excellence expands ActivePro’s coverage across the state with 48 locations in 16 New Jersey counties. Rehab Excellence, in turn, will operate 12 locations. Terms of the acquisition were not disclosed.... Read More »
Medrina Purchases Radial Health
Medrina, backed by Webster Equity Partners, announced on October 26 that it acquired Chicago-based Radial Health. Medrina was represented by Goodwin Procter LLP and CohnReznick LLP. Reed Smith LLP acted as healthcare regulatory counsel. Formally known as Integrated Rehab Consultants, Medrina has been providing physiatry services since 2010. Medrina partners with skilled nursing facilities (SNFs) and has since become one of the largest groups of physiatrists in the country, focusing on SNFs and expanding in the inpatient hospital setting. Founded in 1996 by Dr. Lynn Mershon, Radial Health is a medical group located primarily in Illinois and Florida, specializing in rehabilitation,... Read More »
STAC Physical Therapy Acquires North Santa Rosa Physical Therapy
Manhattan Beach, California-based STAC Physical Therapy acquired Santa Rosa, California-based North Santa Rosa Physical Therapy. The terms of the deal were not disclosed. Founded in 2018, STAC Physical Therapy is a physical therapy provider and practice management organization. The acquisition marks STAC’s first entry into Sonoma County, California. North Santa Rosa Physical Therapy provides traditional and highly specialized physical therapy services for orthopedic problems, work-related injuries, temporomandibular disorders and various neuromuscular and neurological conditions. According to the LevinPro HC database, the transaction marks the 70th Rehabilitation deal of the year.... Read More »
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 »Schedule a demo
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