Empower Physical Therapy Combines with Doctors of Physical Therapy

Empower Physical Therapy Acquires ProActive Physical Therapy & Sports Medicine

January 20, 2022

Healthcare Services

Empower Physical Therapy acquired ProActive Physical Therapy & Sports Medicine, adding six San Diego–area clinics to its network. Founders Jack Pentlarge and Amyn Valji will remain with the business as Regional Directors of Operations, and the acquisition brings Empower to 43 clinics across Arizona, California, Louisiana and Texas.

Empower Physical Therapy Acquires Spectrum Therapy Consultants

March 10, 2023

Healthcare Services

Empower Physical Therapy has acquired Spectrum Therapy Consultants (STC), adding seven outpatient physical therapy locations across the El Paso, Texas metropolitan area. Founder-owner Sandra Terrazas will continue with the organization as West Texas Director of Operations, and the deal expands Empower's clinic footprint to 53 locations across Arizona, California, Louisiana and Texas.

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.

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

August 1, 2025

Healthcare Services

U.S. Physical Therapy, Inc. (USPH) acquired a 60% interest in an unnamed three-clinic physical therapy practice that generates approximately $5.3 million in annual revenue and 28,000 annual visits; the practice's current owners retain a 40% stake. The transaction expands USPH's outpatient clinic footprint and brings the three clinics into its national network while preserving owner-level continuity.

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.

BPOC Invests in Alliance Physical Therapy Partners

December 22, 2021

Healthcare Services

BPOC, a Chicago-based healthcare-focused private equity firm, has made a strategic growth investment in Alliance Physical Therapy Partners, a national operator of outpatient physical therapy clinics. Alliance operates 90+ clinics across 14 states with 450+ licensed clinicians and will partner with BPOC and management to accelerate network growth and expand services; financial terms were not disclosed.