New York, NY. MOTION PT Holdings, Inc., has formed from a combination of Brooklyn-based Metro SportsMed and Manhattan-based STAR Physical Therapy. MOTION is now one of the largest physical therapy platforms in New York City. Pharos Capital Group, LLC, provided the growth recapitalization needed to effectuate the transaction. Livingstone acted as the exclusive financial advisor to MSM and STAR. Deal terms were not disclosed.
MOTION, headquartered in Brooklyn, New York, is a leading provider of comprehensive physical and occupational therapy services in Brooklyn, Manhattan, and Long Island. The company operates from 10 locations, employing a hybrid model of traditional outpatient clinics, hospital-affiliated outpatient clinics (on-site and satellite locations), and contract therapy for inpatient rehabilitation. The company’s exceptional clinical staff delivers proven, evidence-based treatment that results in positive patient outcomes.
Nixon Peabody and Covington & Burling LLP served as MOTION’s legal advisors. The Nixon Peabody team was led by partner Michele Masucci.