Add-on Acquisition • Healthcare Services

Confluent Health Acquires MOTION PT Group

On February 1, 2023, Confluent Health acquired healthcare services company MOTION PT Group from Pharos Capital Group

Acquisition Context
  • This is Confluent Health’s 1st transaction in the Healthcare Services sector.
  • This is Confluent Health’s 1st transaction in the United States.
  • This is Confluent Health’s 1st transaction in New York.

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M&A Deal Summary

Date February 1, 2023
Target MOTION PT Group
Sector Healthcare Services
Buyer(s) Confluent Health
Sellers(s) Pharos Capital Group
Deal Type Add-on Acquisition

Target Company

MOTION PT Group

New York, New York, United States
MOTION PT Group is a provider of physical and occupational therapy services. Its comprehensive service offerings include specialized treatment in orthopedics, sports medicine, hand, and upper extremity, spine, hip, pediatrics, lymphedema, men's/women's health, vestibular rehabilitation, neurological rehabilitation, diabetic neuropathy, and aquatic therapy. MOTION PT Group was formed in 2015 and is based in New York City.
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Buyer Overview 1

Buyer

Confluent Health

Louisville, Kentucky, United States

Category Company
Founded 2014
Sector Healthcare Services
DESCRIPTION

Confluent Health is a physical and occupational therapy-focused provider. Confluent provides outpatient physical and occupational therapy services across a network of approximately 200 clinics in twelve states; pre-graduate hybrid Doctor of Physical Therapy programs in partnership with leading universities and post-graduate certification, residency, and fellowship programs for physical therapists; and occupational health & safety services at over 500 corporate locations. Confluent Health was founded in 2014 and is based in Louisville, Kentucky.


Deal Context for Buyer #
Overall 1 of 1
Sector: Healthcare Services 1 of 1
Type: Add-on Acquisition 1 of 1
State: New York 1 of 1
Country: United States 1 of 1
Year: 2023 1 of 1

Seller Profile 1

SELLER

Pharos Capital Group

Dallas, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Pharos Capital Group is a private equity firm that provides later-stage equity funding to companies at or near cash-flow break even. Investment funds are typically used to support growth, acquisitions, management buyouts, or recapitalization. Pharos looks to commit $20 to $50 million per transaction. Target sectors include healthcare, business services, and technology. Pharos prefers US-based opportunities. Pharos Capital Group was formed in 1998 and is based in Dallas, Texas.


Deal Context for Seller #
Overall 23 of 23
Sector: Healthcare Services 8 of 8
Type: Add-on Acquisition 11 of 11
State: New York 2 of 2
Country: United States 22 of 22
Year: 2023 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-01 Baroco

Northampton, Massachusetts, United States

Baroco provides day habilitation and support services for individuals with developmental disabilities. Baroco was founded in 1983 and is based in Northampton, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-04 RhythMedix

Mt. Laurel, New Jersey, United States

RhythMedix is a medical device manufacturer and wireless medical technology company, that provides innovative technology to transform cardiac monitoring industry and improve patient outcomes. It is first wearable cardiac monitor with built-in cellular connectivity, allowing physicians and their patients to remain continuously and comfortably connected for faster arrhythmia detection. RhythMedix was founded in 2013 and is based in Mt. Laurel, New Jersey.

Buy -