Ivy Rehab Network, (“Ivy”) a national leader in outpatient musculoskeletal rehabilitative services, is proud to announce its largest partnership to date with Excel Physical Therapy. This partnership expands Ivy’s market-leading footprint to 73 locations in the greater Philadelphia market, and over 300 locations nationwide. Excel Physical Therapy, comprised of 36 clinics in the greater Philadelphia area, is known for its customer service-oriented approach and dedication to clinical excellence. Since opening in 1990, Excel has provided effective manual therapy treatment through hands-on, individualized care by licensed physical therapists.
It’s a land grab in physical and occupational therapy right now, with industry tailwinds driving companies large and small to explore sales as valuations and buyer interest remains robust. Lindsay Goldberg is prepping a sale of PT Solutions, having engaged TripleTree for sell-side financial advice; Elsewhere, Waud Capital Partners’ Ivy Rehab is expected to come to market later this year via Harris Williams, as is PennantPark-backed Pivot Health Solutions, which recently hired Jefferies for advice, sources familiar with the three situations said. Other smaller deals are in the making, too.
Physical Rehabilitation Network (PRN), a leading physical therapy provider and practice management organization, announced Thursday further expansion into Arizona and its entrance into Oklahoma with the acquisition of 360 Physical Therapy (360 PT), which operates 19 outpatient clinics across Arizona and Oklahoma. This acquisition elevates PRN’s nationwide clinic count to 181 across 16 states within the western and central portions of the U.S. PRN is a portfolio company of Gryphon Investors, a San Francisco-based middle market private equity firm.
Confluent Health has announced its newest partnership with Manual Edge Physiotherapy (Manual Edge PT), a private and therapist-owned physical therapy practice located in Colorado Springs, Colorado. “Over the past 12 years, Manual Edge PT has evolved its practice to include several, highly trained manual physical therapists, each with a unique specialty but all using hands-on therapy to get our patients better,” said Co-Owner Tim Bonack, PT DOMP(C).
Ivy Rehab Network, (“Ivy”) a national leader in outpatient musculoskeletal rehabilitative services and pediatric therapy, is proud to announce its partnership with ABC Pediatric Therapy in Ohio. This marks the network’s expansion into its 12th state. ABC Pediatric Therapy, comprised of five clinics throughout the greater Cincinnati and Dayton area, focuses on improving children’s lives with comprehensive, compassionate care through pediatric physical, occupational, and speech therapy services.
Advanced Physical Therapy and Preferred Physical Therapy (APPT), members of the Confluent Health family, are proud to announce their newest partnership with Precise Physical Therapy (Precise PT), a private and therapist-owned physical therapy practice located in Kansas City, Kansas. “Throughout the years our practice has grown to include two clinics throughout Kansas City, all for the convenience of our community and its patrons,” said Precise PT’s Owner Beth Hofer, MPT, AT.
Spine & Sport Physical Therapy, a leading provider of physical therapy in California acquires Envision Sport Physical Therapy & Pilates (“Envision Sport”). Envision Sport, with two locations, creates a foothold for Spine & Sport in the Irvine market. “We are excited to expand our Spine & Sport Physical Therapy team into the Orange County, California communities with Envision Sport,” said Brett Raasch, PT, ATC and CEO of Spine & Sport PT.
Ivy Rehab (“Ivy”), a national leader in outpatient musculoskeletal rehabilitative services, has announced that Source Physical Therapy & Wellness (“Source PT”) has joined the network as its newest partner. With over 40 clinics currently in Virginia and over 275 across its entire network, Source PT represents Ivy’s first set of clinics in Northern Virginia. Source PT has been serving Northern Virginia with two locations in Arlington and Falls Church since 1999. The mission of Source PT is to utilize the highest level of evidence-based manual physical therapy care with an unprecedented level of customer service, all while achieving exceptional PT outcomes.
FOX Rehabilitation (“FOX”), the nation’s leading provider of Geriatric House Calls™, announced Thursday that it has acquired Taylored Rehab LLC, a provider of physical, occupational, and speech therapy to patients in assisted living communities, group homes, and the convenience of their homes throughout the state of Wisconsin. The transaction represents FOX’s first acquisition of a private practice and is expected to immediately bolster its pool of clinicians, enhancing its ability to serve a greater population of aging adults in Wisconsin.
Upstream Rehabilitation (“Upstream”) announced today it completed the acquisition of Results Physiotherapy (“Results”). With this acquisition, Upstream becomes the largest pure-play outpatient physical therapy provider in the U.S. The Results clinics expand Upstream’s portfolio to over 1,000 owned and managed clinics across 28 states. Upstream’s approximately 3,500 providers perform over 5 million patient visits annually. Founded in 2004, Upstream Rehabilitation is a portfolio company of Revelstoke Capital Partners and is the leading pure-play outpatient physical therapy services provider.
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