Lee Equity Partners Invests in Therapy Partner Solutions

New Capital Partners Invests in TeleHealth Solution

April 1, 2020

Healthcare Services

New Capital Partners (NCP) completed a growth investment in TeleHealth Solution (THS), a Charlotte-based provider of turnkey telemedicine technology and virtual physician services for hospitals and senior-living/post-acute settings. B. Riley FBR served as financial advisor to THS; the capital will be used to support a nationwide rollout, regionalize staffing, invest in infrastructure, and accelerate sales, marketing and product development.

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.

Fulcrum Equity Partners Invests in Physician Services Group

September 2, 2024

Healthcare Services

Fulcrum Equity Partners completed a growth equity investment from its Fund V in Physician Services Group (PSG), a Greenville, South Carolina-based provider of transitional and geriatric care for residents of skilled nursing and assisted living facilities. The capital will be used to strengthen PSG's management team, expand service offerings, and support new market expansion while leveraging PSG's high-touch model that has reduced 30-day rehospitalizations.

KKR Acquires Majority Interest in Therapy Brands

April 7, 2021

Software

KKR has agreed to acquire a majority interest in Therapy Brands, a Birmingham-based practice management and EHR software platform for mental, behavioral and rehabilitation healthcare providers. Existing investor PSG will remain a minority shareholder, and sellers include investment funds affiliated with Lightyear Capital, Oak HC/FT and Greater Sum Ventures; financial terms were not disclosed.

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.

Lee Equity Acquires Cosmetic Solutions

October 22, 2019

Manufacturing

Lee Equity Partners has acquired Cosmetic Solutions, a Boca Raton-based turnkey skincare formulation and manufacturing partner for premium and emerging brands. The founder-led management team will remain in place with meaningful equity, and Lee Equity will support growth and scale Cosmetic Solutions' R&D and manufacturing capabilities to meet rising market demand.