Boston, MA - Headwaters MB advised a leading multi-clinic physical therapy practice with eight locations on its sale to U.S. Physical Therapy, Inc. In connection with the transaction, U.S. Physical Therapy acquired a 55% interest in the company.
“We were delighted to have had an opportunity to represent this premier company in the physical therapy space, which has been undergoing rapid consolidation in recent years,” said Rod Rivera, Managing Director at Headwaters MB. Roger Kahn, Managing Director at Headwaters MB, said “We were able to work closely with this excellent management team to achieve an outsize result for our client with one of the leading companies in the physical therapy industry.”
Chris Reading, U.S. Physical Therapy Chief Executive Officer, said, “We are extremely pleased to be working with this very capable group of clinician partners and their talented staff of professionals. They treat some of the most elite athletes in the nation while also providing terrific care and service to all of their patients and to the communities where they serve. We very much look forward to assisting them with their growth plans. ”
Headwaters MB acted as exclusive financial advisor to the company.