Physical Therapy Central Expands Oklahoma Footprint with FirstCare Rehabilitation

Physical Therapy Central Expands Oklahoma Footprint with FirstCare Rehabilitation

Physical Therapy Central (PTC) has announced its acquisition of FirstCare Rehabilitation, a physical therapy practice in Clinton, Oklahoma.  FirstCare Rehabilitation has been providing comprehensive spine care, general orthopedics and neurological rehabilitation to patients since its inception in 1996. The company’s services address either the acute or chronic stage of injury and continue throughout the recovery and repair phases of healing.  PTC, a member of the Confluent Health family, is an Oklahoma-based, private physical therapy practice group.  Patients of the newly acquired practice will continue to receive the same quality of care, delivered by their familiar... Read More »
Confluent Health Acquires MOTION PT

Confluent Health Acquires MOTION PT

Confluent Health, a portfolio company of Swiss-based private equity firm Partners Group, announced on February 1 its newest partnership with MOTION PT Group. The partnership brings Confluent Health’s national footprint to 609 private practice clinics in 35 states. The partnership will allow MOTION PT to maintain its existing branding while gaining access to Confluent Health’s ecosystem of management services as well as education and musculoskeletal health resources. MOTION PT Group is a physical therapy, occupational therapy and speech therapy company with 59 clinic locations across Connecticut, Massachusetts, Maryland and New York. Confluent Health includes physical and occupational... Read More »
Confluent Health Strikes Fourth Deal in 2021

Confluent Health Strikes Fourth Deal in 2021

With the backing of Partners Group, the physical and occupational therapy firm Confluent Health just announced its fourth deal of the year, acquiring Manual Edge Physical Therapy for an undisclosed sum. Manual Edge Physical Therapy is a private and therapist-owned physical therapy practice. It offers a diverse list of services including treatments for back and neck pain, extremity pain, concussion, headache, TMJ, and other facial pain as well as specialties specific to women’s and men’s health. The practice is based in Colorado Springs, Colorado. This partnership allows for Manual Edge PT to maintain its existing brand while gaining access to Confluent Health’s shared management services.... Read More »
PE Firms Move the Needle in the Rehab Market

PE Firms Move the Needle in the Rehab Market

It’s been a quiet year in the Rehabilitation M&A market, at least through October. There have been 27 deals announced that targeted rehabilitation facilities only, a decline of 37% compared with the 43 deals announced in the full year of 2018. True, that’s 10 months in 2019 versus all 12 in 2018, but we’re not expecting a rash of deal announcements between now and December 31. Activity in this sector has been dropping since its peak in 2017, with 49 transactions. Onc factor may be the October 1 launch of the CMS’ new rule, the Patient Driven Payment Model (PDPM), which changes reimbursement and regulations on rehabilitation in skilled nursing facilities and... Read More »