Jun 2021 | Texas

Sports Med Denton Acquired By Blue Sky Therapy

We are pleased to announce the sale of our client, Sports Med Denton, LLC (dba D&D Sports Med), to Blue Sky Therapy. The acquisition closed June 22, 2021.

Located in Denton, Texas (with additional locations in Aubrey and Sanger), D&D Sports Med is a certified outpatient private practice specializing in orthopedics, hand therapy, sports, industrial, vestibular, and spinal rehabilitation.

The company provides physical therapy (PT) and occupational therapy (OT) services to individuals with mild to moderate orthopedic, musculoskeletal, and neurological conditions. The professional staff consists of physical therapists, hand therapists (OTs), athletic trainers, fitness specialists and technicians.

The major areas of clinical expertise include the treatment of all joints and spinal injuries, industrial rehabilitation and the treatment of vestibular, concussion and neurological disorders. Various manual therapy techniques and the implementation of customized patient programs are the hallmark of the practice.

Clinicians have earned certifications in manual therapy, dry needling, functional movement screens (FMS), hand therapy (CHT), strength and conditioning (CSCS), industrial (FCE & POET) and return to golf (TPI), while actively seeking others.

Blue Sky Therapy, headquartered in Canfield, Ohio, is a provider of rehabilitation services known for its innovations in resident-centered care in skilled nursing, independent and assisted living, and outpatient settings.

The company provides physical, occupational, and speech therapy to patients and client facilities. Its benchmarking services have helped providers achieve significant gains in client outcomes, documentation compliance, and financial success. The company has six clinics; four in Ohio and two in Florida.

Generational Equity Executive Managing Director of M&A – Central Region, Michael Goss, and his team, led by Senior M&A Advisor, Cory Strickland, with support from Vice President, M&A, Jacob Mangalath, successfully closed the deal. Executive Managing Director Bill Kushnir established the initial relationship with D&D Sports Med.

“This was my first transaction in the physical therapy space; and since that time, I have had the pleasure of getting acclimated to a wonderful industry both as a patient and as a dealmaker. It’s been great to meet some of the key players aggressively expanding into this space,” said Strickland.

He added, “I was thrilled to be able to meet a true pioneer in the sports-focused D&D North Texas practice led by Kathy Dieringer, who leads a great team. I am equally as excited to have been able to join Blue Sky Therapy to D&D which is new on the scene of acquisitions and rapidly moving into the Texas markets. I wish both the buyer and seller success in their future endeavors.”

If you would like to explore other transactions our associates have supported in this industry, visit our dedicated Healthcare & Life Sciences page.

If you would like to explore other transactions our associates have supported in this industry, visit our dedicated Food, Beverage & Consumer Products/Services page.

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