M&A Deal Summary

Thomas H. Lee Partners Acquires Professional Physical Therapy

On December 19, 2016, private equity firm Thomas H. Lee Partners acquired healthcare services company Professional Physical Therapy (ProPT) from Great Point Partners

Acquisition Highlights
  • This is Thomas H. Lee Partners’ 3rd transaction in the Healthcare Services sector.
  • This is Thomas H. Lee Partners’ 46th transaction in the United States.
  • This is Thomas H. Lee Partners’ 5th transaction in New York.

M&A Deal Summary

Date 2016-12-19
Target Professional Physical Therapy (ProPT)
Sector Healthcare Services
Buyer(s) Thomas H. Lee Partners
Sellers(s) Great Point Partners
Deal Type Secondary Buyout
Advisor(s) Jefferies LLC (Financial)

Target

Professional Physical Therapy (ProPT)

Whitestone, New York, United States
website
Professional Physical Therapy is a provider of physical therapy and rehabilitation services in the New York metropolitan area. The Company’s outpatient physical therapy centers provide treatment to patients suffering from musculoskeletal impairments associated with accidents, sports injuries, surgeries, and various other medical conditions. Professional Physical Therapy was founded in 1998 and is based in Whitestone, New York.

Search 163,313 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Thomas H. Lee Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1974
PE ASSETS 25.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

Thomas H. Lee Partners, LP (THL) is a private equity firm that seeks buyout, expansion, consolidation, distressed, and recapitalization investments across various industries. Sectors of interest include business and information services, consumer products/retail, financial services, healthcare, industrial, and media/communications. THL looks to invest $100 to $400 million in companies valued up to $2.5 billion. Thomas H. Lee Partners, LP was formed in 1974 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 56 of 76
Sector (Healthcare Services) 3 of 4
Type (Secondary Buyout) 17 of 27
State (New York) 5 of 5
Country (United States) 46 of 65
Year (2016) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-19 System One Services, Inc.

Pittsburgh, Pennsylvania, United States

System One is a provider of managed staffing and technical outsourcing solutions to improve productivity, specializing in the energy, engineering, information technology, commercial and scientific sectors. System One is the sixth largest engineering staffing companies and the forty-second largest staffing company overall in the U.S. System One is based in Pittsburgh, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-02 Auction.com LLC

Irvine, California, United States

Auction.com LLC is a marketplace transaction platform focused on residential bank-owned and foreclosure properties for sale in the United States. Auction.com's online platform allows individuals and investors to buy and sell residential real estate properties using both desktop and mobile channels. By leveraging its market-leading technology platform and extensive international network of buyers, Auction.com empowers consumers, investors and real estate professionals with unprecedented levels of flexibility, control and simplicity to easily complete real estate transactions online.

Buy -

Seller(S) 1

SELLER

Great Point Partners

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2003
PE ASSETS 456M USD
SizeMiddle-Market
Type Sector Focused
DESCRIPTION

Great Point Partners is a private investment firm focused on investing in private and public healthcare companies. Great Point's private equity practice invests $7 to $25 million of growth capital in private, growing companies. Specific areas of interest within the healthcare sector includes biotechnology and life sciences, consumer health, generic drugs, health care services, information technology, insurance, medical devices, specialty pharmaceuticals, and worker compensation companies. Great Point Partners was formed in 2003 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 8 of 15
Sector (Healthcare Services) 2 of 2
Type (Secondary Buyout) 2 of 3
State (New York) 1 of 1
Country (United States) 7 of 12
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-12 Clinical Supplies Management, Inc.

Fargo, North Dakota, United States

Clinical Supplies Management, Inc. is a provider of innovative solutions to meet the complex clinical supply challenges pharmaceutical and biotechnology companies face. CSM manages the clinical supply chain for hundreds of satisfied clients worldwide, providing services that keep clinical trials on time and on budget. CSM offers a full suite of cGMP-compliant services, continually delivering quality supplies to clinical sites and patients around the world. Clinical Supplies Management, Inc. was founded in 1997 and is based in Fargo, North Dakota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-17 Vālenz

Phoenix, Arizona, United States

Vālenz is a medical cost reduction and claims flow management organization. Through a complete health administrative ecosystem, Valenz connects cost and quality data on a single-source, an end-to-end analytics platform for smarter, better, faster healthcare. Serving self-insured employers, third-party claim administrators, brokers and benefits consultants, trust and labor organizations, stop-loss carriers, integrated healthcare delivery networks, and health/dental plan payers. Vālenz was founded in 2004 and is based in Phoenix, Arizona.

Buy -