M&A Deal Summary

HealthPRO Heritage Acquires Alliance Physical Therapy Partners - Long-Term Care Unit

On November 29, 2018, HealthPRO Heritage acquired healthcare services company Alliance Physical Therapy Partners - Long-Term Care Unit from Alliance

Acquisition Highlights
  • This is HealthPRO Heritage’s 1st transaction in the Healthcare Services sector.
  • This is HealthPRO Heritage’s 1st transaction in the United States.
  • This is HealthPRO Heritage’s 1st transaction in Florida.

M&A Deal Summary

Date 2018-11-29
Target Alliance Physical Therapy Partners - Long-Term Care Unit
Sector Healthcare Services
Buyer(s) HealthPRO Heritage
Sellers(s) Alliance
Deal Type Divestiture

Target

Alliance Physical Therapy Partners - Long-Term Care Unit

Tampa, Florida, United States
Alliance Physical Therapy Partners - Long-Term Care Unit division that delivers outsourced therapy services to long-term care facilities.

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Buyer(S) 1

Buyer

HealthPRO Heritage

Hunt Valley, Maryland, United States

Category Company
Sector Healthcare Services
DESCRIPTION

HealthPRO Heritage is a diversified provider of therapy management and consulting services across the spectrum of care. HealthPRO operates in 32+ states, employs more than 9,000 therapists, and has earned a reputation for innovation, compliance, and sophisticated use of technology to optimize patient and business level outcomes. HealthPRO Heritage is based in Hunt Valley, Maryland.


DEAL STATS #
Overall 1 of 1
Sector: Healthcare Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Florida M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2018 M&A 1 of 1

Seller(S) 1

SELLER

Alliance

Grand Rapids, Michigan, United States

Category Company
Founded 2017
Sector Healthcare Services
DESCRIPTION

Alliance is a national physical therapy operator offering outpatient physical therapy across a network of 90+ clinics in 14 states. Alliance offers virtual physical therapy, a workplace therapy solution, in-hospital services, and a comprehensive electronic medical record platform. Alliance was founded in 2017 and is headquartered in Grand Rapids, Michigan.


DEAL STATS #
Overall 1 of 1
Sector: Healthcare Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Florida 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
2018-02-06 Agility Health - U.S. Operations

Grand Rapids, Michigan, United States

Agility Health, Inc. - U.S. Operations division operates over 50 outpatient or on-site physical therapy clinics, and also provides contract rehabilitation services to over 90 hospitals, inpatient rehabilitation units, long-term care facilities, and industrial worksites across 21 states.

Buy $45M