Physitrack Acquires UK Care Provider Rehabplus

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.

Integrated Rehab Consultants Acquires Integrative Physiatry

June 6, 2022

Healthcare Services

Integrated Rehab Consultants (a portfolio company of Webster Equity Partners) has acquired Integrative Sports and Spine, Inc. (operating as Integrative Physiatry), a California-based national physiatry practice. The add-on expands IRC's west coast footprint and scales its post-acute physiatry capabilities—Integrative Physiatry operates ~50 physiatrists across roughly 100 skilled nursing facilities.

Upstream Rehabilitation Acquires Results Physiotherapy

August 2, 2021

Healthcare Services

Upstream Rehabilitation completed the acquisition of Results Physiotherapy from Sterling Partners, creating the largest pure‑play outpatient physical therapy provider in the U.S. The deal adds Results' ~200 clinics across nine states to Upstream's portfolio, expanding the platform to over 1,000 owned and managed clinics and increasing scale, network density and geographic reach.

Select Rehabilitation Acquires RehabCare from Kindred Healthcare

December 1, 2020

Healthcare Services

Select Rehabilitation has agreed to acquire the RehabCare business line from Kindred Healthcare. The deal (terms undisclosed) creates a pro forma company with approximately 17,000 therapists serving more than 2,300 post-acute and home-health locations across 43 states, expanding Select's scale, leadership team and service capabilities.

Excel Orthopedic Rehabilitation Acquires Therapeutics Unlimited Rehab

March 1, 2020

Healthcare Services

Caymus Equity Partners’ portfolio company Excel Orthopedic Rehabilitation, P.A. acquired Therapeutics Unlimited Rehab LLC, an outpatient physical therapy provider serving rural New Jersey. The deal closed in March 2020 and represents Excel’s third strategic add-on since Caymus and co-investors completed a majority recapitalization of Excel in November 2016.