Therapy Partners has been acquired for an undisclosed amount by a Maryland company that provides rehabilitation services to nursing homes.
HealthPro Rehabilitation has completed its acquisition of Therapy Partners, a provider of speech, occupational and physical therapy to nursing homes.
The deal strengthens HealthPro’s presence in the Midwest, according to a statement from the company.
Survey on the Healthcare Financial Landscape Offers a Roadmap for Stakeholders
Zelis highlights how employers, payers, and consumers are integrating digital tools to manage healthcare costs.
Therapy Partners recently did its own deal with a rehabilitation company, merging with Solon, Ohio-based Rehabilitex Inc.
The deal is the third exit for a Northeast Ohio healthcare company this year, according to a spokeswoman from BioEntrerprise, a Cleveland nonprofit that helps biomedical companies with business development. The other two were Computer Systems Co., acquired by Hyland Software, and EdgePark Medical, acquired by two private equity firms for $850 million.
HealthPro is owned by private equity firm EDG Partners.