Rehab Companies Still on the Prowl

Rehab Companies Still on the Prowl

by | Mar 3, 2016 9:28 pm | Private Equity, Rehabilitation

M&A in the rehabilitation sector has been pretty slow this year. So slow, in fact, no deals were recorded in February. The first week in March, however, things picked up. U.S. Physical Therapy, Inc. (NYSE: USPH) announced it acquired a 55% stake in an unidentified physical therapy practice that operates through eight clinics. The stake cost $13.7 million, and the business generates approximately $9.0 million a year on roughly 65,000 patient visits. The second deal came from MOTION PT Group, Inc., a portfolio company of Pharos Capital Group, which is getting into physical and occupational therapy in a big way. MOTION PT was launched in 2015, and began buying up PT companies in the New... Read More »

Pharos Capital Builds Its Physical Therapy Platform

by | Dec 16, 2015 9:43 pm | Private Equity, Rehabilitation

Last June, Pharos Capital Group, LLC acquired a controlling interest in MOTION PT Holdings, a physical therapy and occupational therapy services company in New York City.  In the beginning, MOTION PT was a 98-lb. weakling, representing the combination of  Brooklyn-based MetroSportsMed and Manhattan-based STAR Physical Therapy. Since then, the company has added quite a bit of muscle, in the form of Bradley & Monson Physical Therapy (acquired in October 2015), and Dynamic Care Physical Therapy in Lawrence, New York (announced on December 8). A week later, Pharos put out a press release acknowledging the additions of Greco Physical Therapy and Sports Performance, PLLC, with two locations... Read More »