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SportsMed Physical Therapy expands with WeCare Medical acquisition
Yahoo Financeยท 2025-10-06 09:11
Core Insights - SportsMed Physical Therapy has acquired WeCare Medical PT and Wellness, increasing its clinic count to 51 in New Jersey and Connecticut, enhancing patient access to care [1][2] - The acquisition aligns with SportsMed's mission to provide high-quality, patient-centered care, particularly in Union and Essex Counties [2] - SportsMed has expanded significantly since partnering with Hildred Capital Management in 2018, growing from seven to 51 locations [2][3] Company Overview - SportsMed Physical Therapy, established in 2004, offers a variety of wellness and outpatient rehabilitation services [3] - The company is a portfolio entity of Hildred Capital Management, which focuses on lower middle market healthcare enterprises [3] - Hildred Capital Management aims to create value in middle-market companies by collaborating with management teams to enhance growth and operational improvements [4] Recent Developments - The Maplewood Clinic provides diverse services including HomeCare, chiropractic care, acupuncture, occupational and hand therapy, and physical therapy [1] - SportsMed announced the opening of a new clinic in Neptune, New Jersey, in September 2025 [4]