Private equity firm Court Square Capital Partners has acquired Physiotherapy Associates, an Exton, Pennsylvania-based provider of outpatient rehabilitation services, from Water Street Healthcare Partners and Wind Point Partners.
The amount of the transaction was not disclosed. Water Street and Wind Point Partners partnered to form Physiotherapy Associates in 2007. They merged their two companies, Benchmark Medical, which Wind Point built through 23 acquisitions since 2000, and Physiotherapy Associates, which Water Street acquired from Stryker Corporation. Since then, the two firms have joined their expertise and capital to further expand the company through a combination of strategic acquisitions and organic growth initiatives.
Led by Dan Connors, Physiotherapy Associates currently provides physical therapy, industrial rehabilitation, and orthotic and prosthetic services to patients nationwide.