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First Citizens Bank Funds $58.4 Million for Miami Medical Rehabilitation Facility

First Citizens Bank Funds $58.4 Million for Miami Medical Rehabilitation Facility

by | Apr 24, 2024 10:17 am | Medical Office Buildings, Other Services, Rehabilitation

First Citizens Bank’s Healthcare Finance division has allocated $58.4 million in financing to Anchor Health Properties for the construction of a state-of-the-art, 92-bed inpatient rehabilitation facility in Miami, Florida. Set to encompass 96,000 square feet of rentable space, including an attached parking garage, the facility will be leased to a collaborative effort between Baptist Health South Florida and Lifepoint Health. It will specialize in acute rehabilitation services for conditions stemming from stroke, brain and spinal cord injuries, amputations, as well as neurological and orthopedic disorders. Baptist Health South Florida, one of the largest healthcare organizations in... Read More »
Ivy Rehab Continues Expansion in New Jersey with AmeriCare

Ivy Rehab Continues Expansion in New Jersey with AmeriCare

by | Apr 17, 2024 12:39 pm | Private Equity, Rehabilitation

Ivy Rehab, a portfolio company of middle-market private equity firm Waud Capital Partners, has partnered with AmeriCare Physical Therapy in New Jersey. Founded in 2006, AmeriCare Physical Therapy is a provider of outpatient physical therapy and rehabilitation in Mountainside, Garwood, Piscataway and Warren, New Jersey. Founded in 2003, Ivy Rehab is a network of outpatient physical, occupational and speech therapy and applied behavior analysis clinics throughout the United States. “Partnering with AmeriCare signifies an exciting chapter in our commitment to delivering unparalleled care to the community of New Jersey,” said Jonathan Jean-Pierre, COO of Ivy Rehab. “This... Read More »
U.S. Physical Therapy Acquires Nine-Clinic Physical Therapy And Hand Therapy Practice

U.S. Physical Therapy Acquires Nine-Clinic Physical Therapy And Hand Therapy Practice

by | Apr 2, 2024 9:49 am | Rehabilitation

U.S. Physical Therapy, Inc., a national operator of outpatient physical therapy clinics and provider of industrial injury prevention services, announced on April 1 the acquisition of a physical therapy and hand therapy practice with nine clinic locations. The practice being acquired currently generates approximately $11.4 million in annual revenues and has approximately 65,000 annual visits, according to the original deal press release published on BusinessWire on April 1, 2024. Founded in 1990, U.S. Physical Therapy, Inc. operates more than 678 outpatient physical therapy clinics in 42 states. The company’s clinics provide preventive and post-operative care for a variety of... Read More »
Ivy Rehab Continues Expansion in New Jersey with AmeriCare

MVPT Physical Therapy Partners With Genesee Valley Physical Therapy

by | Feb 7, 2024 10:16 am | Rehabilitation

MVPT Physical Therapy (MVPT) announced that it has partnered with Genesee Valley Physical Therapy (GVPT), expanding its services in New York. GVPT will now operate under the MVPT name.  GVPT is a privately owned outpatient orthopedic practice that has been serving patients since 1987. The company has eight locations in the Rochester MSA.  MVPT, an affiliate of Cypress Health Partners, has provided outpatient physical therapy services throughout New England since its inception in 1983.  According to data captured in the LevinPro HC database, this acquisition marks the fifth Rehabilitation transaction of the year. During 2023, there were 50 Rehabilitation deals... Read More »
U.K.-Based Six Physio Acquires Chelsea Home Physio

U.K.-Based Six Physio Acquires Chelsea Home Physio

by | Jan 29, 2024 1:27 pm | Rehabilitation

Six Physio acquired home physiotherapy provider Chelsea Home Physio for an undisclosed sum. The deal was announced on LaingBuisson News on January 29, 2024.  Headquartered in London, Chelsea Home Physio provides physiotherapy in the convenience of the client’s own home, work/community or in their care home.  Founded in 1996, Six Physio operates nine physiotherapy clinics throughout London. The company was purchased by Ascenti in December 2022.  The deal marks Six Physio’s first acquisition since it was bought by Ascenti and expands its presence in London, where it now operates ten clinics with more than 80 specialist physiotherapists.  According to data captured... Read More »
Empower Physical Therapy Purchases Huntington Beach Physical Therapy Specialists

Empower Physical Therapy Purchases Huntington Beach Physical Therapy Specialists

by | Jan 22, 2024 3:19 pm | Private Equity, Rehabilitation

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 »