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Q3-2021 Rehabilitation Update

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Q3-2021 Rehabilitation Update

Investment activity within the physical therapy sector remains robust with heightened valuations and buyer interest driving companies of all sizes to explore transaction opportunities. This quarter saw several exits of large private-equity backed groups including PRN’s acquisition of 360 Physical Therapy and Upstream Rehabilitation’s acquisition of Results Physiotherapy. Furthermore, it is rumored that Lindsay Goldberg’s PT Solutions, Wad Capital Partners’ Ivy Rehab, and PennantPark’s Pivot Health Solutions are all preparing for a sale process this year.

Despite CMS implementing a potential 15 percent reduction in reimbursement for services provided by physical therapists and occupational therapists starting in January 2022, private equity firms clearly remain bullish on the sector driven by the strong demographic trends and outstanding consolidation opportunity.

Provident expects M&A activity in the rehabilitation sector to continue at a strong pace throughout the remainder of 2021 and into 2022.

To print and download the full Rehabilitation Update report, please click below…

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Sources: SEC Filings; Company Press Releases, and Reports; IBISWorld; Capital IQ; PHP Estimates and Research. This document has been compiled with publicly available information. Provident Healthcare Partners, LLC makes no guarantee of its accuracy or completeness. No data or statement should be construed to be a recommendation for the purchase, sale, or retention of any security.