MedRisk Acquires Specialty Physical Therapy Network from Sedgwick

MedRisk Acquires Select Provider Networks (SPNet)

January 7, 2020

Healthcare Services

MedRisk, a Pennsylvania-based managed care organization focused on physical rehabilitation for injured workers, has acquired Select Provider Networks, Inc. (SPNet) from Select Medical. SPNet will retain its name and leadership and operate independently as MedRisk looks to leverage its resources and technologies to strengthen SPNet's boutique specialty network for the workers' compensation industry; terms were not disclosed.

CVC Fund VII Acquires Majority Interest in MedRisk

February 23, 2021

Healthcare Services

CVC Capital Partners’ Fund VII signed a definitive agreement to acquire a majority interest in MedRisk, a leading U.S. provider of managed physical medicine services for the workers’ compensation market. The Carlyle Group will retain a significant stake and maintain joint control while MedRisk’s management and founder will reinvest; the investment is intended to accelerate growth and expand the company’s market-leading services across the U.S.

Sedgwick Acquires Orchid Medical

May 19, 2022

Healthcare Services

Sedgwick has acquired Orchid Medical, a nationwide provider of ancillary medical management solutions for the workers' compensation industry. The acquisition expands Sedgwick's ancillary care network and strengthens its workers' compensation and managed care capabilities across the U.S.

MedRisk Acquires Medata

January 9, 2024

Healthcare Services

MedRisk, a leading managed care organization focused on physical rehabilitation for workers' compensation, has acquired Medata, a provider of cost containment and document management solutions for the workers' compensation and auto liability markets. The deal expands MedRisk's care management and cost-containment capabilities and enables combined data assets to drive new insights and product innovation for customers, patients, and provider partners.

SportsMed Physical Therapy Acquires Mendham Physical Therapy

April 9, 2025

Healthcare Services

SportsMed Physical Therapy acquired Mendham Physical Therapy in Mendham, New Jersey, adding the clinic as the chain's 45th location. The acquisition is an add-on to SportsMed (a Hildred Capital Management portfolio company) to expand its outpatient rehabilitation footprint in Morris County and continue offering patient-centered physical therapy and related services.

SportsMed Physical Therapy Acquires WeCare Medical PT and Wellness (Maplewood, NJ)

October 2, 2025

Healthcare Services

SportsMed Physical Therapy, a Hildred Capital-backed outpatient rehabilitation platform, has acquired WeCare Medical PT and Wellness in Maplewood, New Jersey. The deal expands SportsMed's footprint to 51 clinics across New Jersey and Connecticut and adds services including physical therapy, occupational/hand therapy, chiropractic care, acupuncture and HomeCare.