M&A Deal Summary

Back in Motion Physical Therapy Acquires Results Physical Therapy

On December 13, 2017, Back in Motion Physical Therapy acquired healthcare services company Results Physical Therapy

Acquisition Highlights
  • This is Back in Motion Physical Therapy’s 1st transaction in the Healthcare Services sector.
  • This is Back in Motion Physical Therapy’s 1st transaction in the United States.
  • This is Back in Motion Physical Therapy’s 1st transaction in Maine.

M&A Deal Summary

Date 2017-12-13
Target Results Physical Therapy
Sector Healthcare Services
Buyer(s) Back in Motion Physical Therapy
Deal Type Add-on Acquisition

Target

Results Physical Therapy

Brewer, Maine, United States
Results Physical Therapy LLC operates outpatient physical therapy clinics in Brewer and Dexter, Maine. The company was founded in 2006 by Carol Lane, a physical therapist who has operated the practice since 1987. Results Physical Therapy's two clinics both operate gyms open to the public, which can serve as sources of referrals for the outpatient practice. The company will maintain its brand after its integration into Back in Motion, which will become GPB Capital's portfolio company focused on the physical therapy market in Maine. Terms of Results Physical Therapy's acquisition by Back in Motion, which closed on September 28, 2017, were not disclosed.

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Buyer(S) 1

Buyer

Back in Motion Physical Therapy

Gorham, Maine, United States

Category Company
Sector Healthcare Services
DESCRIPTION

Back in Motion Physical Therapy LLC operates three outpatient physical therapy centers which treat approximately 700 patients per week around Portland, Maine. The company, which experienced 11.3% growth in patient numbers between 2015 and 2016, has built a strong community reputation through its broad network of referring physicians and regular local TV news segments.


DEAL STATS #
Overall 1 of 1
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Maine) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1