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Q1-2017 Rehabilitation Update– Six add-on acquisitions in the first quarter of 2017 have set the pace for another active year of consolidation activity within the outpatient physical therapy sector.

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Q4-2016 Rehabilitation Update-If 2016 is any indication, the next stage of private equity investment in outpatient physical therapy is in full swing as both Great Point Partners and Harvest Partners exited their respective investments in Professional Physical Therapy and Athletico Physical Therapy to other private equity firms in the fourth quarter.

Modern medicine using electrostimulation device in muscular problems

Q3-2016 Rehabilitation Update– The third quarter was headlined by Gryphon Investors’ second investment into the outpatient physical therapy sector through its recapitalization of CORA Health Services. The private equity firm previously owned a majority position within Accelerated Rehabilitation Centers.

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Q2-2016 Rehabilitation Update– ATI Physical Therapy and Professional Physical Therapy led the way for a busy quarter of add-on acquisitions. While ATI’s activity is no surprise, Professional has emerged as a very active consolidator with five add-ons through year-to-date June and a total of 11 tuck-in acquisitions over the last 12 months.


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

National Pain-Institute Annoucement

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.

The-Spine-Center Annoucement

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.

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