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Provident Healthcare Partners Provident Healthcare Partners

Q2 2024 Rehabilitation Update

Provident Healthcare Partners
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Q2 2024 Rehabilitation Update

Physical therapy M&A activity maintained a strong pace throughout the second quarter of 2024, primarily consisting of strategic bolt-on transactions. Despite more than two decades of consolidation, the industry remains highly fragmented, presenting significant opportunities for strategic operators to enhance market share through M&A and for new private equity groups to enter the market.

Following its 2023 acquisition of Motion PT, Confluent Health announced two additional acquisitions in Q2. Most notably, Confluent acquired Access PT, a provider with 66 outpatient clinics across CT, NY, NC, and PA. As groups look to leverage existing contracts for rate lifts, Provident expects PE-backed platforms to remain highly active with in-state add-on acquisitions. Valuations should remain elevated for scaled groups as competitions remains fierce among strategic players.

To print and download the full Rehabilitation Update report, please click below…

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