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Announced

Completed

Enlyte completed the acquisition of Therapy Direct from Upstream Rehabilitation.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Majority

Private

United States

physical therapy

Health Care Services

Domestic

Completed

Friendly

Single Bidder

Synopsis

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Enlyte, a cost-containment technology provider, completed the acquisition of Therapy Direct, a national physical therapy provider network, from Upstream Rehabilitation, a provider of outpatient physical and occupational therapy services. Financial terms were not disclosed. "Enlyte is pleased to be working together with Therapy Direct to bring physical therapy to the Enlyte ecosystem. This acquisition reinforces our ongoing commitment to customers to provide quality casualty solutions and services in response to their growing needs. Through our investment in Therapy Direct we will expand the breadth of Enlyte's clinical services with the deepest understanding of our industry and significantly build upon our network offerings," Alex Sun, Enlyte CEO.

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