Enlyte, a San Diego, CA-based company which specializes in cost containment technology, provider networks, clinical services, pharmacy benefit management (PBM), and disability management, acquired Therapy Direct, a Tennessee-based physical therapy provider network, from Upstream Rehabilitation Inc.
The amount of the deal was not disclosed.
The acquisition offers an extension of Enlyte’s position as a market leader in provider network access, care management and workers’ compensation services. For Therapy Direct, the deal provides a greater investment of its national network of physical therapy providers including physical therapy, chiropractic and acupuncture services in 48 states.
The Therapy Direct team, led by President Michael Henry, will be integrated into Enlyte’s network organization over the next several months, illustrating Enlyte’s continued investment in provider networks like Coventry and Apricus, Enlyte’s specialty network provider.
Led by President Michael Henry, Therapy Direct offers a national network of therapists and care coordinators with a proven record of reducing time away from work and medical spend, helping injured employees return to work in a safe and efficient manner via centralization of services, continuous communication, metric driven results and cost reduction.
Led by Alex Sun, CEO, Enlyte is a family of businesses that include Mitchell, Genex and Coventry, leaders in cost-containment technology, independent medical exams (IME), provider and specialty networks, case management services, pharmacy benefit and disability management. The Enlyte businesses align their joint industry expertise and advanced technology solutions in a combined organization of nearly 6,000 associates committed to simplifying and optimizing property, casualty and disability claims processes and services.
FinSMEs
05/09/2023