Finance MSN outpatient-ptprivate-equityindustry-consolidation
NovaCare Rehabilitation’s parent, Select Medical, was sold in $3.9 billion private equity deal
Select Medical, the parent company of NovaCare Rehabilitation, has been acquired in a private equity transaction valued at approximately $3.9 billion. The deal marks a significant ownership change for one of the largest outpatient physical therapy networks in the United States. PT professionals working within NovaCare or referring to its clinics may want to monitor any operational or strategic shifts resulting from the new ownership structure.
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