Q2 2023 Rehabilitation Newsletter Update
The rehabilitation market’s second quarter of 2023 was comprised primarily of strategic bolt-on acquisitions. While the majority of the deal flow still revolves around traditional outpatient physical therapy, there has been a notable uptick in deal activity involving organizations focused on Medicare Part B patients, specifically catering to seniors receiving care at home or in skilled nursing facilities. FOX Rehabilitation, backed by Blue Wolf Capital Partners, stands as the leading player in this space, but Provident is witnessing growing investor interest due to favorable industry tailwinds and the potential for value-based care applications. Notably, last year, InHome Therapy secured $22 million in funding through its series A round, highlighting the increasing interest and investment in this sector.
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