M&A Deal Summary

Select Medical Acquires Physiotherapy Associates

On March 4, 2016, Select Medical acquired healthcare services company Physiotherapy Associates for 400M USD

Acquisition Highlights
  • This is Select Medical’s 5th transaction in the Healthcare Services sector.
  • This is Select Medical’s 2nd largest (disclosed) transaction.
  • This is Select Medical’s 5th transaction in the United States.
  • This is Select Medical’s 2nd transaction in Pennsylvania.

M&A Deal Summary
Date 2016-03-04
Target Physiotherapy Associates
Sector Healthcare Services
Buyer(s) Select Medical
Deal Type Add-on Acquisition
Deal Value 400M USD

Target

Physiotherapy Associates

Exton, Pennsylvania, United States
Physiotherapy Associates, Inc. is a provider of outpatient physical rehabilitation care offering a wide range of services, including general orthopedics, spinal care and neurological rehabilitation, as well as orthotics and prosthetics services.

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Buyer(S) 1

Buyer

Select Medical

Mechanicsburg, Pennsylvania, United States
Category Company
Founded 1996
Sector Healthcare Services
Employees38,400
Revenue 6.7B USD (2023)
DESCRIPTION

Select Medical is an operator of acute care hospitals and medical rehabilitation hospitals. Select Medical Holdings was founded in 1996 and is based in Mechanicsburg, Pennsylvania.

DEAL STATS #
Overall 5 of 8
Sector (Healthcare Services) 5 of 8
Type (Add-on Acquisition) 4 of 6
State (Pennsylvania) 2 of 2
Country (United States) 5 of 8
Year (2016) 1 of 1
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-23 Concentra

Addison, Texas, United States

Concentra is a healthcare company that offers occupational medicine, urgent care, physical therapy, and wellness services to workers and the public through more than 320 Concentra Medical Centers locations in 40 states. Concentra was formed in 1997 and is based in Addison, Texas.

Buy $1.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-31 Select Medical Holdings Corp - Contract Therapy Business

United States

Select Medical Holdings Corp - Contract Therapy Business is an operator of rehabilitation clinics.

Sell $65M
Mergr

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