SportsMed Physical Therapy Acquires Mountainside Wellness in New Jersey
SportsMed Physical Therapy announced it has acquired New Jersey-based Mountainside Wellness. According to data captured in the LevinPro HC database, this transaction marks the 40th Rehabilitation acquisition of the year. Mountainside Wellness is a provider of physical therapy and chiropractic services in the central New Jersey area. The rehab provider has two clinic locations in Mountainside and Colonia, New Jersey. 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. SportsMed is a portfolio company of private... Read More »
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 »Schedule a demo
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