Empower Physical Therapy Purchases Huntington Beach Physical Therapy Specialists
Empower Physical Therapy announced on January 22 the acquisition of Huntington Beach Physical Therapy Specialists, a premier physical therapy clinic in Huntington Beach, California since 1994. Empower Physical Therapy, a portfolio company of Sheridan Capital Partners, provides physical therapy practice management services and operates outpatient physical therapy clinics throughout the southeastern United States. The founder-owners of HBPTS, Risha Strople, Bryan Strople and Nathan Kindstrand, will continue to lead the business and join the Empower leadership team. Financial terms of the deal were not disclosed. According to data captured in the LevinPro HC database, this... Read More »
SportsMed Physical Therapy Acquires Red Bank Physical Therapy
SportsMed Physical Therapy, a portfolio company of private equity firm Hildred Capital Management, announced on January 9 that it was acquiring Red Bank Physical Therapy. Red Bank Physical Therapy has been providing rehabilitation and physical therapy services in Monmouth County, New Jersey since 1991. Founded in 2004, SportsMed Physical Therapy is a physical therapy-focused physician practice management company, with 33 clinics that provide physical therapy, chiropractic, acupuncture and occupational therapy services. It is based in Glen Rock, New Jersey. The financial terms of the transaction were not disclosed. This is SportsMed Physical Therapy’s first... Read More »
Ivy Rehab Expands in New York with Westchester Sports Physical Therapy
Ivy Rehab, a portfolio company of middle-market private equity firm Waud Capital Partners, has announced a partnership with Westchester Sports Physical Therapy (WSPT). Founded in 1994, Westchester Sports Physical Therapy is a New York-based provider of physical and occupational therapy services in the Westchester community and the Tri-State area. Founded in 2003, Ivy Rehab is a network of outpatient physical, occupational and speech therapy and ABA clinics throughout the United States. The acquisition of Westchester Sports Physical Therapy expands Ivy Rehab’s footprint in New York. Financial terms of the deal were not disclosed. According to data captured in the... Read More »
Why Investors Shouldn’t Overlook the Rehabilitation Market
Market Overview The Rehabilitation sector has never been the most popular market for investors. From 2018 to 2020, the market failed to break 50 deals annually, and then activity skyrocketed in 2021 and 2022, hitting a record high of 97 in 2021. However, investment activity in 2023 has slowed again, and we’re expecting to reach only 50 deals by the end of the year. That’s a significant decline of nearly 40% year over year. Source: LevinPro HC, December 2023 *Data as of December 15, 2023 For context, other sectors are swarmed with strategic investors and private equity capital. According to our recent dive into the Physician Medical Group M&A market, deal volume for that market hit 478... Read More »
H2 Health acquires Greg Ott Center for Physical Therapy
H2 Health announced its entrance into the state of North Carolina with the acquisition of Greg Ott Center for Physical Therapy. The financial terms were not disclosed. Greg Ott Center for Physical Therapy provides physical therapy services out of four North Carolina locations. H2 Health, a portfolio company of private equity firm Grant Avenue Capital, LLC, provides physical therapy and rehabilitation services in eight states. H2 owns, operates and manages more than 100 clinics across the country. According to data captured in the LevinPro HC database, this acquisition marks the 49th Rehabilitation transaction of the year. Read More »Schedule a demo
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