Upstream Rehab closes Drayer PT buy
Upstream Rehabilitation Inc, a portfolio company of Revelstoke Capital Partners, has completed its buy Drayer Physical Therapy Institute LLC. Financial terms weren’t announced. Certain Drayer shareholders, including Goldman Sachs Merchant Banking Division, rolled over a portion of their proceeds in exchange for a minority ownership stake in Upstream. Drayer, of Hummelstown, Pennsylvania, owns and operates outpatient physical therapy clinics primarily focused on treating sports-related injuries and orthopedic disorders. Upstream said it also completed four add-on buys of Personal Injury Network Northwest, Rocky Mountain Sport and Spine, Lincoln City Physical Therapy, and Southern Physical Therapy.
4 January 2018•3 mins read
