M&A Deal Summary

Great Point Partners Acquires Spine & Sport

On December 17, 2018, private equity firm Great Point Partners acquired healthcare services company Spine & Sport from CORA Physical Therapy

Acquisition Highlights
  • This is Great Point Partners’ 6th transaction in the Healthcare Services sector.
  • This is Great Point Partners’ 18th transaction in the United States.
  • This is Great Point Partners’ 3rd transaction in California.

M&A Deal Summary

Date 2018-12-17
Target Spine & Sport
Sector Healthcare Services
Buyer(s) Great Point Partners
Sellers(s) CORA Physical Therapy
Deal Type Divestiture

Target

Spine & Sport

San Diego, California, United States
Spine & Sport specializes in the advanced practice of physical therapy, with an emphasis on manual therapy techniques and auto injury treatment. It has six locations in the Savannah area and offers House Calls, a concierge physical therapy service provided in the home, throughout southeast Georgia. Spine & Sport was founded in 2004 and is based in San Diego, California.

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Buyer(S) 1

Buyer

Great Point Partners

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 1.7B USD
Size Large
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 $10 to $100 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 21 of 35
Sector: Healthcare Services M&A 6 of 7
Type: Divestiture M&A Deals 2 of 2
State: California M&A 3 of 4
Country: United States M&A 18 of 28
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-27 Clinical Supplies Management

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.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 MLM Medical Labs

Mönchengladbach, Germany

MLM Medical Labs offers a full range of laboratory services, including specialized biomarker testing, clinical chemistry, standard safety profiles, and analyses of drug compounds, metabolites and molecular diagnostic parameters. MLM Medical Labs was founded in 1993 and is headquartered in Moenchengladbach, Germany.

Buy -

Seller(S) 1

SELLER

CORA Physical Therapy

Lima, Ohio, United States

Category Company
Founded 1997
Sector Healthcare Services
DESCRIPTION

CORA Physical Therapy is an outpatient rehabilitation company that uses proven clinical practices and cost-effective treatment protocols to return patients to their jobs and lifestyles as soon as possible. CORA clinics offer a complete range of treatment, including outpatient physical therapy and general rehabilitation, worker’s compensation therapy, sports and auto injury rehabilitation, and rehabilitation for seniors. CORA Physical Therapy was founded in 1997 and is based in Lima, Ohio.


DEAL STATS #
Overall 1 of 1
Sector: Healthcare Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-04 Clinton Physical Therapy Center

Clinton, Tennessee, United States

Clinton Physical Therapy Center offers aquatic therapy, pediatric therapy, women’s health, and industrial rehab, including work conditioning and return to work programs. Clinton Physical Therapy Center (“CPTC”), located In Clinton, TN, was founded in 1988 by Kelly Lenzand Joyce KIee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-30 Elite Physical Therapy

St. Louis, Mississippi, United States

Elite Physical Therapy is a provider of general physical therapy, spine, sport, vestibular and pre- and post-operative rehab, orthopedics, orthotics, workers' compensation solutions, women's health, and golf therapy.

Buy -