Transaction is Edgemont’s fifth pediatric services transaction in the last eighteen months

NEW YORK, NY – July 26, 2022 – Edgemont Partners (“Edgemont”), a premier healthcare investment bank and a leading M&A and capital raising advisor exclusively serving healthcare companies, announced that it acted as exclusive financial advisor to the Theraplay Family of Companies (“Theraplay”), a portfolio company of DFW Capital Partners, on its sale to Ivy Rehab, a portfolio company of Waud Capital Partners. Edgemont’s deal team was led by Managing Director Brett Skolnik.

The Theraplay Family of Companies offers physical, speech, and occupational therapy at its 31 clinics across Delaware, New Jersey, Pennsylvania, and Virginia. The clinics are represented by four brands: The Children’s Therapy Center, Fleming Therapy Services, Positive Steps Therapy, and Theraplay. Its skilled pediatric clinicians offer individualized therapy services in a play-focused environment, improving the lives of thousands of children and their families.

“We are passionate about delivering the highest quality of care and are thrilled to be able to expand the delivery of this care through the partnership with Ivy Rehab for Kids. This partnership will allow our team access to Ivy Rehab’s clinician growth programs in leadership and in-house pediatric residencies,” said Sandra Ryan, CEO for the Theraplay Family of Companies. “The opportunities for knowledge-sharing and collaboration will empower our teams to provide the finest care for the children and families we serve.”

Ivy Rehab, a national leader in outpatient rehabilitative services and pediatric therapy, becomes the nation’s largest outpatient pediatric rehabilitation provider through its partnership with the Theraplay Family of Companies. Through its largest pediatric therapy partnership to date, this expands the Ivy Rehab Network to more than 420 clinics, including nearly 100 pediatric-dedicated facilities.

“Ivy Rehab proudly has a long-standing reputation of providing exceptional care with remarkable patient experiences. After identifying our communities’ need for pediatric-specific physical, speech, and occupational therapy and ABA services, we formed Ivy Rehab for Kids to provide the same exceptional experiences specifically crafted for our youngest patients,” said Troy Bage, CEO of Ivy Rehab for Kids. “We look forward to providing high-quality care to more communities through this partnership. We could not be more thrilled to partner with the Theraplay Family of Companies, combining forces to be the leading pediatric therapy enterprise in the country.”

About the Theraplay Family of Companies

Founded in 1991, Theraplay’s mission has always been to enable children and adolescents to maximize their potential through functional, play-based therapy. Their occupational, physical, and speech therapy services, along with feeding and concussion rehabilitation programs, and early intervention have helped improve the lives of thousands of children and their families. For more information, please visit www.theraplayinc.com.

About Ivy Rehab

Founded in 2003, Ivy Rehab is a rapidly growing network of best-in-class outpatient physical, occupational, speech therapy, and ABA clinics throughout the United States. The Ivy Rehab Network is comprised of multiple brands dedicated to providing exceptional care, personalized treatment, and unparalleled outcomes. With the support of leading middle-market private equity firm Waud Capital Partners, Ivy Rehab will continue its strategic growth via the ongoing investment in new partners who embrace a shared mission, vision, and values, and a culture of being “All About the People.” For more information, please visit www.ivyrehab.com.

About Edgemont Partners

Now in its 21^st year, Edgemont ranks among the most active and best-performing independent healthcare M&A and financial advisors in the U.S. We focus solely on providing expert strategic advice and transaction execution to healthcare and life sciences companies, bringing a steadfast commitment to our clients, driven always to prioritize their best interests. Edgemont’s principals have executed 185+ transactions with an aggregate value of $80 billion+.

For more information on Edgemont and how we can best serve you, contact Ben Hughes at +1 (646) 632-3967, or visit our website at www.edgemont.com.

Investment banking services are provided by Edgemont Capital Partners, LP, a registered broker-dealer and member of FINRA and SIPC.