PT Solutions Acquires OrthoCarolina Physical Therapy Branch

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.

U.S. Physical Therapy Acquires Majority Stake in Six-Clinic Physical Therapy Practice

September 1, 2022

Healthcare Services

U.S. Physical Therapy, Inc. (USPH) acquired a 70% equity interest in a six-clinic physical therapy practice operating clinics in West Virginia and Pennsylvania for approximately $3.5 million. The practice generates over $2.5 million in annual revenue and will remain partly owned by the practice's founder and owners, who retain a 30% stake.

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.

U.S. Physical Therapy Acquires 75% Stake in Three-Clinic Practice in South Carolina

January 3, 2022

Healthcare Services

U.S. Physical Therapy, Inc. (USPH) acquired 75% of the equity interests in an undisclosed three-clinic physical therapy practice in South Carolina for approximately $3.7 million, with the founder retaining a 25% ownership stake. The acquired business generates more than $2.7 million in annual revenue and records about 31,000 patient visits per year.

CORA Physical Therapy Acquires Multiple Clinic Groups in MO, FL and SC

May 30, 2019

Healthcare Services

CORA Health Services (doing business as CORA Physical Therapy), a portfolio company of Gryphon Investors, acquired several outpatient physical therapy clinic groups — Elite Physical Therapy of St. Louis (5 clinics), Advanced Physical Therapy of Central Florida (6 clinics) — and three individual clinics in South Carolina (Coastal Physical Therapy, Coastal Hand Therapy, and Dynamic Physical Therapy of Florence). The transactions expand CORA's footprint to more than 200 clinics across nine states; terms were not disclosed.