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Provident Healthcare Partners Provident Healthcare Partners

Q3 2024 Rehabilitation Update

Provident Healthcare Partners
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Q3 2024 Rehabilitation Update

Investor interest remained strong across the broader rehabilitation sector in Q3. While traditional outpatient PT deals were stagnant—not due to a lack of demand, but rather a limited supply of available assets—M&A activity for digital health solutions and virtual therapy gained momentum, driven by labor shortages and a growing demand for PT services.

Leading virtual PT companies such as Sword Health and Hinge Health continue to attract significant investor interest, with Sword Health’s recent $30 million funding round raising its enterprise value to $3 billion. Following several successful raises, Hinge Health is reportedly nearing an IPO after hiring Morgan Stanley to run the process.

Meanwhile, several PE-backed platforms, including Confluent Health and H2 Health, are rumored to be exploring potential sales. As PE continues to achieve successful exits, Provident expects M&A activity across the sector to accelerate.

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

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