U.S. Physical Therapy Expands Physical Therapy Network
On October 2, U.S. Physical Therapy, Inc. (USPH) announced it acquired two physical therapy practices for a combined $13.9 million. USPH acquired a 70% equity interest in both practices with the current practice owners retaining 30% equity interests. The two physical therapy practices are located in Colorado and Alaska. According to U.S. Physical Therapy’s press release, the companies generate $72 million in revenue each year. Founded in 1990, USPH operates more than 655 outpatient physical therapy clinics in 40 states. The company’s clinics provide preventive and post-operative care for a variety of orthopedic-related disorders and sports-related injuries,... Read More »
Ivy Rehab Expands in Illinois with PTSIR Deal
Ivy Rehab, a portfolio company of middle-market private equity firm Waud Capital Partners, has announced a partnership with Physical Therapy and Sports Injury Rehabilitation (PTSIR). Established in 1976, PTSIR is one of the nation’s oldest physical and occupational therapy practices based in the Greater Chicago 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 PTSIR expands Ivy Rehab’s footprint in the Chicago MSA. Financial terms of the deal were not disclosed. According to data captured in the LevinPro HC database, this transaction... Read More »
The Crossover of Rehabilitation and Behavioral Health
Traditionally, Behavioral Health Care (BHC) and Rehabilitation have been seen as two separate healthcare sectors with little overlap, but, in the wake of both COVID-19 and the third wave of the opioid crisis, that may (and should) change as more companies discover the potential benefits of pairing both types of healthcare providers together. To get a thorough understanding of each market, we need to define the sectors and what type of care is provided. Rehabilitation provides services related to physical therapy for sports injuries, brain damage accidents, post-acute care physical rehabilitation and work-place injuries. BHC consists of providers that focus on treating mental health. This... Read More »
Upstream Rehabilitation Divests Tennessee-Based Rehabilitation Center
Upstream Rehabilitation, a portfolio company of Revelstoke Capital Partners, announced that it sold one of its portfolio companies, Therapy Direct, to Enlyte. The financial terms of the transaction were not disclosed. Therapy Direct is a Tennessee-based physical therapy provider network. The company provides a full continuum of physical therapy care. Based in San Diego, Enlyte specializes in cost containment technology, provider networks, clinical services, pharmacy benefit management and disability management. Upstream Rehabilitation is a national provider of rehabilitation services through free-standing physical therapy clinics. Upstream operates more than 1,100 owned... Read More »Economic Slowdown Putting Pressure on Rehabilitation
Over the last several quarters, M&A activity in the Rehabilitation sector has experienced a decline in deal volume. Throughout Q1:23, 15 transactions were reported and during Q2:23, only nine acquisitions were announced. This is a drastic comparison to the first half of 2022, when 28 Rehabilitation acquisitions were reported in Q1:22 and in Q2:22 there were 21 transactions. The deal volume of 2023 is even a significant dip from 2021, when there was a quarterly average of 23 transactions. Yet, the activity in the Rehabilitation sector has risen from 2020, averaging eight transactions across each quarter in 2020. The overall increase in deal activity is because of an aging... Read More »Schedule a demo
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