M&A Deal Summary

Upstream Rehabilitation Acquires Crescent Physical Therapy

On June 21, 2022, Upstream Rehabilitation acquired healthcare services company Crescent Physical Therapy

Acquisition Highlights
  • This is Upstream Rehabilitation’s 4th transaction in the Healthcare Services sector.
  • This is Upstream Rehabilitation’s 4th transaction in the United States.
  • This is Upstream Rehabilitation’s 1st transaction in South Carolina.

M&A Deal Summary

Date 2022-06-21
Target Crescent Physical Therapy
Sector Healthcare Services
Buyer(s) Upstream Rehabilitation
Deal Type Add-on Acquisition

Target

Crescent Physical Therapy

Orangeburg, South Carolina, United States
Crescent Physical Therapy Offers a wide range of patient services pediatric development rehab, pediatric torticollis, pediatric tow walking, cerebral palsy, down syndrome, orthotic fitting, aquatic therapy, arthritis relief, total knee, and hip replacement rehab, stroke and TBI rehab, low back pain relief, shoulder pain and surgery rehab, work-related injuries, sports medicine, foot, and ankle pain relief. Crescent Physical Therapy was founded in 2015 and is based in Orangeburg, South Carolina.

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Buyer(S) 1

Buyer

Upstream Rehabilitation

Birmingham, Alabama, United States

Category Company
Founded 2003
Sector Healthcare Services
DESCRIPTION

Upstream Rehabilitation is a provider of a comprehensive set of outpatient rehabilitation services through over 300 owned and managed physical therapy clinics across twenty-two states. Upstream Rehabilitation was founded in 2003 and is based in Birmingham, Alabama.


DEAL STATS #
Overall 4 of 4
Sector (Healthcare Services) 4 of 4
Type (Add-on Acquisition) 4 of 4
State (South Carolina) 1 of 1
Country (United States) 4 of 4
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-26 Rapid Rehabilitation

Front Royal, Virginia, United States

Rapid Rehabilitation is an operator of a three-clinic practice that specializes in women's health and lymphedema and offers expertise in spinal and other musculoskeletal disorders. Rapid Rehabilitation was founded in 1988 and is based in Front Royal, Virginia.

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