Golden Bear Physical Therapy (Shore Capital) Acquires Cleburne (Real Performance) Physical Therapy

Golden Bear Therapy Partners Acquires Greater Therapy Centers

June 1, 2021

Healthcare Services

Golden Bear Therapy Partners acquired Greater Therapy Centers on June 6, adding 27 clinics across the Dallas–Fort Worth area to its outpatient physical therapy platform. Co-owners Dena Aitken and Richard Kelly will remain with the business while Golden Bear (with involvement from Shore Capital Partners leadership) provides administrative support to drive regional expansion and operational growth.

Spine & Sport Physical Therapy Acquires Performance Therapy Center

March 10, 2021

Healthcare Services

Great Point Partners-backed Spine & Sport Physical Therapy has acquired Performance Therapy Center, a three-location outpatient physical therapy operator in Ventura County, California. The transaction is a tuck-in add-on as Spine & Sport expands its Southern California footprint.

Arete Health Acquires Brunswick Physical Therapy and ProFlex Physical Therapy

September 9, 2025

Healthcare Services

Arete Health, a new platform formed by MBF Healthcare Partners II and Eric DeYoung, has acquired Carolina Rehabilitation, Inc. dba Brunswick Physical Therapy and Southern Maryland Physical Therapy, LLC dba ProFlex Physical Therapy. The acquisitions establish a multi-state outpatient physical therapy platform operating 11 clinics across North Carolina, Maryland, and Virginia and provide a foundation for continued expansion across the mid-Atlantic and southeastern United States.

Golden Bear Therapy Partners (Therapy Partners Group) Acquires Northwest Rehabilitation Associates

November 3, 2024

Healthcare Services

Golden Bear Therapy Partners, part of Therapy Partners Group, acquired Northwest Rehabilitation Associates (NWRA), a four-location outpatient physical therapy group in Salem, Oregon. NWRA owner Mike Studer transitioned to a staff therapist, advisory board member and partner with Golden Bear as the clinics join the Therapy Partners network to support regional expansion and clinical development.

Clairvest Makes Minority Growth Investment in Mountain Land Physical Therapy

July 6, 2023

Healthcare Services

Clairvest Group Inc., together with its Clairvest Equity Partners VI co-investment pool, made a minority growth equity investment in Mountain Land Physical Therapy, an outpatient physical therapy operator in the Mountain West. The deal will support Mountain Land's expansion across the Mountain West while existing management (led by CEO Rick Lybbert and COO Jason Lobb) rolls equity and retains majority ownership.

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.