Athletico Physical Therapy Acquires Crossroads Rehabilitation and Action Physical Therapy

Athletico Physical Therapy Acquires Pivot Health Solutions

February 16, 2022

Healthcare Services

Athletico Physical Therapy has completed its acquisition of Pivot Health Solutions, expanding Athletico’s outpatient rehabilitation footprint across the Eastern U.S. and adding Pivot’s direct-to-employer Onsite Innovations business. Chris Throckmorton was named President and CEO of the combined company while Pivot founder Mark Kaufman will remain Executive Chairman.

Athletico Physical Therapy Acquires Georgialina Physical Therapy

January 18, 2022

Healthcare Services

Athletico Physical Therapy has acquired Georgialina Physical Therapy, a regional outpatient physical therapy provider with 17 locations across Georgia and South Carolina. The acquisition expands Athletico's network into Georgia and South Carolina, growing its footprint to over 600 locations and increasing patient access to its orthopedic rehabilitation services; terms were not disclosed.

Excel Orthopedic Rehabilitation Acquires Family Focus Physical Therapy

December 14, 2020

Healthcare Services

Excel Orthopedic Rehabilitation, a portfolio company of Caymus Equity Partners, acquired Family Focus Physical Therapy P.A., an outpatient physical therapy provider serving southern and central New Jersey. The deal, closed in December 2020, is the fourth strategic acquisition by Excel since Caymus Equity partnered with other investors in a majority recapitalization in 2016.

U.S. Physical Therapy Acquires 50% Stake in MSO Managing 50 Outpatient Clinics

October 31, 2024

Healthcare Services

U.S. Physical Therapy, Inc. closed the previously announced acquisition of a 50% equity interest in an unnamed management services organization that provides management and administrative services to 50 outpatient physical therapy clinics, the majority of which are in New York, with plans to expand further in New York and adjacent states. The managed clinics deliver physical, occupational and speech therapy in outpatient and in-home settings and the business generates approximately $64.0 million in annual revenue and approximately $12.0 million in annual EBITDA.

U.S. Physical Therapy Acquires 80% Stake in Two-Clinic Physical Therapy Practice

October 3, 2022

Healthcare Services

U.S. Physical Therapy, Inc. acquired an 80% equity interest in an undisclosed two-clinic physical therapy practice for approximately $4.2 million (including a $250,000 note payable to the sellers). The practice—whose owners retain a 20% stake—generates more than $2.5 million in annual revenue and about 17,000 patient visits per year; U.S. Physical Therapy said the deal will help grow and scale the business as part of its clinic network expansion.

U.S. Physical Therapy Acquires 60% Stake in Fourteen-Clinic Physical Therapy Practice

November 1, 2022

Healthcare Services

U.S. Physical Therapy, Inc. (USPH) acquired a 60% equity interest in a fourteen-clinic physical therapy practice for approximately $19.3 million, with the sellers retaining 40% and potential additional earnouts tied to performance. The acquired business generates more than $9 million in annualized revenue and about 84,000 annualized patient visits; USPH said the deal will help scale the clinics into a multi-state region.