Health In Motion expands with Spooner and Hayward acquisition
Deal News | Nov 11, 2024 | EIN
Health In Motion (HIM), part of the Confluent Health family, has announced its acquisition of Spooner and Hayward Physical Therapy & Wellness (SHPT), a therapist-owned practice located in Spooner and Hayward, Wisconsin. This acquisition aims to enhance patient care and expand HIM's footprint in northern Wisconsin. HIM will integrate its comprehensive management services, educational offerings, and clinic optimization resources with SHPT, enabling the latter to enhance its clinical care while maintaining its existing high standards. Confluent Health will facilitate access to its robust healthcare network, aiding both companies in providing superior outcomes for their patients. Key figures like Bart Lamers from HIM and Dr. Erik Larson from SHPT highlighted their alignment in values and the potential this partnership holds. This initiative expands HIM's operations to 11 clinics across Wisconsin and Pennsylvania.
Sectors
- Healthcare Services
- Mergers & Acquisitions
Geography
- United States – The acquisition involves companies based in Wisconsin and Pennsylvania within the United States.
- Wisconsin – Primary location where the acquisition will have significant impact, particularly in Spooner and Hayward.
Industry
- Healthcare Services – Involves the provision of physical therapy and wellness services which are central to the article's focus.
- Mergers & Acquisitions – The article revolves around Health In Motion's acquisition of Spooner and Hayward Physical Therapy & Wellness.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Health In Motion (HIM) | Acquirer | Company | A Wisconsin- and Pennsylvania-based private physical therapy practice group, member of the Confluent Health family. |
| Spooner and Hayward Physical Therapy & Wellness (SHPT) | Target | Company | A therapist-owned physical therapy practice in Spooner and Hayward, Wisconsin. |
| Confluent Health | Parent Company | Company | A nationwide network of physical and occupational therapy companies. |
| Bart Lamers | Director of Business Operations at Health In Motion | People | Key spokesperson in the acquisition announcement. |
| Dr. Erik Larson, DPT | Co-Owner of Spooner and Hayward Physical Therapy & Wellness | People | Representative expressing the merging company's vision and goals. |
| Pat Wempe | VP of Clinical Operations | People | Expresses enthusiasm and details on the acquisition’s benefits. |