Private Equity Firm Acquires Physical Rehabilitation Network
Gryphon Investors, a middle-market private equity firm based in San Francisco, announces that it has acquired Carlsbad, Calif-based Physical Rehabilitation Network from Silver Oak Services Partners for an undisclosed amount.
Silver Oak will make an investment in the newly recapitalized company, and PRN’s management team will remain with the Company and retain an equity stake as well.
This transaction marks Gryphon’s third investment in the physical therapy category after successful earlier investments in Accelerated Rehabilitation and CORA Physical Therapy, according to a news release.
“We believe the physical therapy sector will experience more growth as active people age and require attention to injuries, but increasingly turn away from pharmaceutical treatment. At the same time, new regulations are improving patients’ direct access to care, making treatment faster and less administratively cumbersome. These
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