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Provident Healthcare Partners Provident Healthcare Partners

Q4 2023 Rehabilitation Update

Provident Healthcare Partners
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Q4 2023 Rehabilitation Update

M&A activity within the rehabilitation sector remained heightened throughout the fourth quarter with a strong concentration of bolt-on acquisitions and a significant private equity exit in PT Solutions’ partnership with ActivePro Rehab Partners. While outpatient physical therapy platforms continue to fight for market share, Provident has also tracked sustained market interest in organizations dedicating services to geriatric and Medicare Part B patient cohorts in the home or facility setting, as evidenced by FOX Rehabilitation‘s continued transaction activity.

Over the course of 2024, the Provident team expects to see a similar volume of bolt-on acquisitions in addition to several other successful secondary / tertiary exits of scaled private-equity backed platforms. In a highly competitive market with a decreasing number of platform-quality organizations, valuations remain elevated and private equity investors are becoming more flexible regarding structure.

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

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