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Upstream Rehabilitation Acquires Crescent Physical Therapy In South Carolina

Jun 21, 2022•about 3 years ago

Acquiring Company

Physical Therapy

Acquired Company

Therapy Brands

Birmingham

Description

Chris Kilgus fulfilled his goal of bringing outpatient physical therapy services back to his hometown of Orangeburg, S.C., in 2015 with the opening of Crescent Physical Therapy.

Company Information

Company

Physical Therapy

About

Founded in 2004, Upstream Rehabilitation is a portfolio company of Revelstoke Capital Partners and is the leading pure-play outpatient physical therapy services provider. Headquartered in Birmingham, Alabama, the company operated more than 865 owned and managed locations across 28 states prior to the acquisition. The company provides a comprehensive suite of outpatient and specialized physical therapy services through a network of strong regional brands including the following: BenchMark Physical Therapy, Drayer Physical Therapy Institute, Peak Physical Therapy, SERC Physical Therapy, Integrity Rehab Group and more.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
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