SimpleTherapy Acquires PhysMetrics and Halcyon Behavioral

Omada Health Acquires Physera

May 19, 2020

Healthcare Services

Omada Health has acquired Physera, a digital musculoskeletal (MSK) care provider, to add virtual physical therapy and MSK management to Omada’s suite of digital chronic-care programs. Omada raised growth capital from Perceptive Advisors to finance the acquisition and accelerate integration of Physera’s telehealth and digital exercise therapy capabilities into its offerings for employers, health plans, and consumers.

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.

Discovery Behavioral Health Acquires Anew Era TMS & Psychiatry

July 18, 2022

Healthcare Services

Discovery Behavioral Health acquired Anew Era TMS & Psychiatry, adding 12 outpatient TMS and psychiatry centers (six in California and six in Texas) to its network. The deal expands Discovery's outpatient psychiatry and neuromodulation capabilities as part of its Discovery MD professional psychiatric services division.

U.S. Physical Therapy Acquires Majority Stake in Outpatient Home Care Therapy Practice

April 30, 2025

Healthcare Services

U.S. Physical Therapy, Inc. (NYSE: USPH), through its 50%-owned subsidiary MSO Metro, LLC, acquired an 80% interest in an outpatient home care practice that provides physical, occupational and speech therapy and generates approximately $2.1 million in annual revenue. The current owners retain a 20% ownership stake. USPH said the acquisition expands its ability to provide home-based outpatient therapy services in the Northeast and extends its clinic-based offerings into homecare.

U.S. Physical Therapy Acquires 50% Stake in Eight-Clinic Physical Therapy Management Company

January 5, 2026

Healthcare Services

U.S. Physical Therapy, Inc. (USPH) acquired a 50% interest in an unnamed physical therapy management services company that manages an eight-clinic practice generating approximately $8.0 million in annual revenue and 66,000 visits per year. The current owners retained the remaining 50% ownership; financial terms were not disclosed. The deal expands USPH's outpatient clinic footprint and service offerings through a partnership with the local owners.

Thriveworks Acquires Synchronous Health

October 2, 2024

Healthcare Services

Thriveworks has acquired Synchronous Health to expand integrated behavioral health services within primary care and health system settings. The deal brings Synchronous Health's telehealth offering and AI-enabled platform Karla into Thriveworks' network, broadening access to mental health care and strengthening clinician-supported digital care between sessions.