Empower Physical Therapy today announced the acquisition of ProActive Physical Therapy & Sports Medicine, located in San Diego, California. The practice was established with a single clinic in 2006 by founders Jack Pentlarge and Amyn Valji, and has since grown to six locations across the San Diego and North County metropolitan area. ProActive Physical Therapy & Sports Medicine provides award-winning outpatient physical therapy services using a hands-on, individualized approach. ProActive currently operates locations in Carlsbad, Vista, Mission Valley, Rancho Bernardo, Carmel Valley, and National City.
APT Healthcare (the “Company”), one of the largest outpatient physical therapy (“PT”) platforms in the Mid-Atlantic, today announced a strategic growth investment from York Capital Management’s private equity group (“York Private Equity”). Founded in 2002, APT Healthcare provides PT services through its leading portfolio of brands. Since its founding, APT Healthcare has grown steadily and established a reputation as a leading, high-quality physical therapy provider in the Mid-Atlantic Region. The Company has expanded its presence into seven markets with nearly 60 clinics located in Maryland, Virginia and Washington, D.C.
WebPT, the leading outpatient rehabilitation SaaS platform for patient and practice management services, announced Tuesday the completion of the acquisition of Clinicient and its subsidiary Keet, effective January 18, 2022, following regulatory review. The acquisition provides additional scale and industry expertise to fuel innovation from the combined companies to improve patient outcomes, enable digital transformation of the front office, and deliver actionable business intelligence. Clinicient, headquartered in Portland, Oregon, provides technology and data solutions that enable providers to improve clinical outcomes and deliver and report on patient care experiences. Clinicient’s Insight and Insight Go platforms provide an integrated EMR, billing, and business intelligence solution to outpatient practices.
General Atlantic acquired PT Solutions from Lindsay Goldberg in an approximately $1.2 billion transaction, marking the latest physical therapy investment in recent weeks, Axios has learned. General Atlantic made a majority investment in PT Solutions, while TowerBrook Capital Partners, in partnership with health system Ascension snagged a minority stake through a preferred equity investment, sources say. The deal concludes a Triple Tree sale process, and the valuation implies around 15x the company’s approximately $80 million of EBITDA, sources say. During Lindsay Goldberg’s ownership, PT Solutions executed 17 acquisitions, increased adjusted EBITDA by 250 percent-plus, and its network of clinics more than doubled to over 300, says one of the people.
Athletico Physical Therapy announced today the acquisition of Georgialina Physical Therapy, a leading provider of physical therapy and specialized treatment services with 17 locations throughout Georgia and South Carolina. The latest acquisition by Athletico marks the company’s entrance into Georgia and South Carolina, and will increase patient access to high-quality care by expanding its network to include over 600 locations across 19 states.
Associates in Pediatric Therapy (“APT”), an operating affiliate of the The VersiCare Group (“VersiCare”) and partner company of Seven Hills Capital (“Seven Hills”), is pleased to announce its acquisition of Jones Therapy Services (“Jones”). Founded in 2009, Jones Therapy and has become a leading provider of speech and language therapy, occupational therapy, physical therapy, and other services throughout Tennessee. With the addition of Jones, APT expands its commitment to provide the highest level of clinical solutions to a larger patient base in need of therapeutic skilled services. Associates in Pediatric Therapy (APT) is a therapeutic clinic practice providing services for children with special needs across Kentucky, Tennessee, and Southern Indiana.
JAG-ONE Physical Therapy, a trusted name in quality treatment and the Tri-State Area’s leading provider of physical and occupational therapy services, announces the addition of four new partners under their banner. Four New Jersey based companies, Crest Physical Therapy, Excellent Physical Therapy, Connect Physical Therapy, and Agility Physical Therapy have joined the JAG-ONE Physical Therapy team. JAG-ONE Physical Therapy operates over 100 physical and occupational therapy locations in NJ, NY, and PA. With the addition of these four partners under the JAG-ONE Physical Therapy umbrella comes nine new locations throughout New Jersey. The partnership expands JAG-ONE Physical Therapy’s footprint in Somerset, Monmouth and Mercer counties.
Lee Equity Partners, LLC (“Lee Equity”), a growth-focused middle market private equity firm, announced today that funds managed by the firm have invested in Therapy Partner Solutions (“TPS” or the “Company”). TPS, headquartered near Jacksonville, FL, is a leading physical therapy platform in the Southeastern U.S. TPS employs a diversified operating model delivering physical therapy services across three divisions: Clinic Partnership, Management Services and Performance Solutions. The TPS platform is comprised of approximately 60 owned and managed care sites across eight states, as well as revenue cycle outsourcing and compliance consulting operations for independent clinics.
Walla Walla native Mindi Irvine started Oasis Physical Therapy & Sports Rehab with a single outpatient clinic in 2002, growing it to five locations in the Tri-Cities area today. But as Oasis marks its 20th anniversary this year, Irvine knew it was time to work with a partner that could provide the additional resources needed to continue her growth and expansion strategy. Oasis plans to add more clinics and expand patient access to care through its new partnership with Upstream Rehabilitation, the nation’s largest dedicated physical therapy provider.
Confluent Health has announced its newest partnership with Peak Physical Therapy (Peak PT), a private physical therapy group with a 12-clinic strong footprint across Idaho and Washington state. “Since opening our doors in 1999, Peak PT has evolved into Idaho’s premier provider of physical therapy care, delivering clinical excellence by attracting and empowering the best talent in the region,” says Darin Tucker, PTA, Peak PT CEO. “Throughout the years, our practice has grown to include 10 locations throughout Idaho and two clinic locations in neighboring Washington, all for the convenience of our patients, clients, and referring providers.” Peak PT’s partnership brings Confluent Health’s clinic footprint to 42 private practice groups in 26 states.
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