Kelly Expands Pediatric Therapy Services with Acquisition of Children's Therapy Center
Deal News | Nov 19, 2024 | Globenewswire
Kelly, a leader in workforce solutions, announced its acquisition of Children's Therapy Center (CTC), a specialist in pediatric therapeutic services. The acquisition is set to expand Kelly Education's Pediatric Therapy Services (PTS) by integrating CTC's well-regarded occupational, physical, and speech therapy offerings. This strategic move aims to support Minnesota school districts facing a rising demand for special education-related services. It aligns well with Kelly's people-centered culture, improving service delivery and expanding market share. The integration allows therapists to work flexibly in schools or clinics, which is hoped to enhance therapist retention. The terms of the transaction were not disclosed. The acquisition reflects Kelly's ongoing commitment to meeting the needs of students and delivering comprehensive support through its education-focused divisions.
Sectors
- Healthcare
- Education
- Human Resources
Geography
- United States – Kelly is headquartered in Troy, Michigan, and the acquisition involves operations in Minnesota, part of the U.S. market.
- Minnesota – Children's Therapy Center operates in Eagan and Apple Valley, Minnesota, which is specifically mentioned in the context of the acquisition.
Industry
- Healthcare – The acquisition involves companies that provide therapeutic services, which are part of the healthcare industry.
- Education – Kelly Education and Children's Therapy Center are involved in providing therapy services to educational institutions, making education a key sector in the article.
- Human Resources – Kelly's core business revolves around workforce management, which is a subset of the human resources industry.
Financials
- Not Disclosed – The financial terms of the acquisition between Kelly and Children's Therapy Center were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Kelly | Acquiring Company | Company | A workforce solutions provider that acquired Children's Therapy Center to strengthen its education service offerings. |
| Children's Therapy Center (CTC) | Target Company | Company | Provides pediatric occupational, physical, and speech therapy services in Minnesota. |
| Nicola Soares | President of Kelly Education | Person | Provided a statement about the acquisition, highlighting the alignment with Kelly's values. |
| Sue Fuller | Founder of Children's Therapy Center | Person | Commented on the benefits of the acquisition and the unified vision it creates. |