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Back to blog February 21, 2020 No Comments Author: Andy Jones

Private Equity Investments in Physical Therapy Companies

Private equity firms have made a number of investments in companies offering physical therapy services, including: general rehabilitation services, occupational therapy, sports injury recovery, orthopedic rehabilitation and pediatric therapy. Our Private Equity Database currently tracks 43 U.S. based physical therapy companies held by private equity firms.

Sample Transactions

February 2020Grant Avenue Capital acquired the Heartland Rehabilitation and MileStone businesses from HCR ManorCare. The combined business will operate under the newly formed brand, H2 Health.

H2 Health is a provider of physical therapy and other rehabilitation services.


August 2019The Beekman Group invested in Twin Boro Management to create a management services organization supporting a network of physical and occupational therapy clinics across New Jersey.

Twin Boro Physical Therapy Associates is a provider of outpatient physical and occupational therapy services.


April 2019Shore Capital Partners invested in Golden Bear Physical Therapy & Sports Injury Center.

Golden Bear Physical Therapy & Sports Injury Center is a provider of outpatient physical therapy services. In addition to traditional physical therapy services, Golden Bear also provides aquatic therapy and anti-gravity treadmill training.


December 2018Great Point Partners invested growth capital into Spine & Sport Physical Therapy.

Spine & Sport Physical Therapy is a provider of outpatient physical therapy and rehabilitation services in the San Diego, CA metropolitan area. The Company’s outpatient clinics provide treatment to patients suffering from musculoskeletal impairments associated with accidents, sports injuries, surgeries, and various other medical conditions.