Upstream Rehabilitation Acquires Crescent Physical Therapy

Upstream Rehabilitation Acquires Rapid Rehabilitation (Northern Virginia)

April 26, 2022

Healthcare Services

Birmingham, Alabama-based Upstream Rehabilitation has acquired Rapid Rehabilitation, a three-clinic outpatient physical therapy practice serving Gainesville, Front Royal and Winchester, Virginia. The founder Sherisue Barber will continue to lead the clinics as Upstream expands its outpatient footprint and specialty services (women's health and lymphedema) in Northern Virginia.

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.

Enlyte Acquires Therapy Direct from Upstream Rehabilitation

September 5, 2023

Healthcare Services

Enlyte has acquired Therapy Direct, a national physical therapy provider network, from Upstream Rehabilitation Inc. The deal expands Enlyte’s provider network and clinical services capabilities across workers’ compensation and casualty lines, integrating Therapy Direct’s team into Enlyte’s network organization.

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.

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.