Long-Term Care Deals Outpace Other Health-Care Sectors in May– Over 90 deals across many sectors of the health-care industry made May another strong month for transactions in this hot industry sector.

Q1-2018 Rehabilitation Update– The first quarter in the physical therapy market featured three sizeable transactions representing over 475 outpatient clinics changing ownership.

Q4-2017 Rehabilitation Update– Strong deal flow in the rehabilitation sector persisted in the final quarter of 2017. Provident expects add-on acquisition activity, which was particularly strong in 2017, to remain strong in the upcoming quarters.

Q3-2017 Rehabilitation Update– Transaction activity with the rehabilitation sector remained robust in the third quarter of 2017. Strategic acquirers continued to consolidate the market at a rampant pace, and a new private equity platform was formed.

Q2-2017 Rehabilitation Update– Deal flow in the rehabilitation space persisted in the second quarter of 2017 as both strategic acquirers and private equity groups sought to expand their highly-demanded rehabilitation services that offer cost-effective alternatives to surgery.

Sports and Physical Therapy Associates has been acquired by ATI Physical Therapy. SPTA is a group of physical therapy professionals devoted to providing the community with the most up-to-date injury detection, post injury rehab, and sports specific training.

Conference: Attended – The National Association of Rehabilitation Providers and Agencies (NARA) 2015 Spring Conference, May 4-6, 2015, Washington, D.C.

Transaction Advisory – National Pain Institute (NPI) has been acquired by Prospira PainCare. NPI is comprised of 11 physicians providing comprehensive interventional pain management (IPM) services as well as spinal and podiatric care.

Transaction Advisory – The Spine Center has completed a recapitalization with New York-based private equity firm Sentinel Capital Partners. Located in Maryland, The Spine Center provides various medical and professional services within the interventional pain management (IPM) specialty.

  • ”I have a tremendous amount of appreciation and gratitude to the Provident team for their hard work and diligence throughout this process. Each and every member of the Provident team is excellent at their jobs and it has been a pleasure working with such a professional team. Provident has provided outstanding guidance and counsel, and this deal could never have gotten done without Provident’s leadership.”

  • “A lot of investment bankers were interviewed, Provident was chosen. Provident delivered. My clients could not be happier.”

  • “We would not have been successful navigating the process without Provident’s hard work and active participation. They exceeded our expectations and we would highly recommend them to any health care company seeking a knowledgeable and engaged investment banking firm.”

  • “After working with Provident on several transactions, it is evident that their extensive industry knowledge and deal expertise prove to be invaluable to their clients.”

  • “Provident listened to our story, confirmed that our business was valuable and made us feel like this was the only transaction important to them.”

  • “Provident’s depth of experience and practical business savvy was demonstrated in their ability to cut through what sometimes looked like impasse.”

  • “While the decision to sell our business was a difficult one, Provident vigilantly represented and protected our best interests throughout the transaction.  Provident was the right choice for Cascade and I would recommend their services to anyone.”