Revolutionizing Outpatient Therapy: The Beekman Group's Sale of ActivePro Rehab Partners

In a remarkable move towards expanding access to outpatient physical and occupational therapy, The Beekman Group has announced the sale of ActivePro Rehab Partners. ActivePro, a leading provider of outpatient therapy in the Mid-Atlantic region, has been acquired by PT Solutions Physical Therapy, a national physical therapy practice. With the support of Beekman, ActivePro has experienced tremendous growth and transformation, propelling it to the forefront of the industry. This acquisition marks an exciting new chapter for ActivePro as it continues to deliver exceptional patient care and expand its reach. ActivePro Rehab Partners, originally known as Twin Boro Physical Therapy, underwent a rebranding initiative before becoming ActivePro. During this transition, Beekman joined forces with the company in August 2019, with equity rollover ownership from the founding management team. Under Beekman's guidance, ActivePro's business flourished through a combination of organic growth and strategic mergers and acquisitions. Collaboratively, Beekman and ActivePro management played a pivotal role in strengthening the company by recruiting key executives, implementing growth strategies, expanding clinic facilities, boosting provider productivity, and enhancing revenue cycle management. Andrew Marolda, Managing Director of The Beekman Group, expressed his satisfaction with the partnership, stating, "We are pleased to have partnered with the ActivePro team over the last four years. ActivePro has developed into one of the leading physical therapy players in its markets, and we believe the business is well positioned for the future through an array of ongoing strategic initiatives. We are excited for ActivePro's next phase of growth and wish the team the best as they continue to deliver best-in-class performance." The CEO of ActivePro, Andrew Lotsis, also extended his gratitude to The Beekman Group for their support and strategic guidance over the past four years. He emphasized that their partnership enabled him to create a strong management team, leverage advantageous opportunities to differentiate ActivePro in the eyes of providers and patients, and improve operational efficiency to offer unparalleled care in the market. Lotsis expressed enthusiasm for the company's future as it continues to expand its footprint and value proposition alongside PT Solutions and their executive leadership. The acquisition of ActivePro Rehab Partners by PT Solutions Physical Therapy was facilitated by Jefferies LLC as the exclusive financial advisor, with legal counsel provided by McDermott Will & Emery LLP. While the financial terms of this transaction have not been disclosed, it is evident that this acquisition represents a significant milestone for both companies involved. About ActivePro Rehab Partners ActivePro Rehab Partners was established with the aim of improving outpatient physical therapy patient care and expanding its accessibility in New Jersey and beyond. The company adopts a balanced approach that emphasizes scaling its platform while preserving the distinct culture built by its partners. Through a blended partnership and acquisition model, ActivePro allows its family of brands, such as Twin Boro Physical Therapy, Pro Staff Physical Therapy, Breakthru Physical Therapy, Strulowitz & Gargiulo, 4 Oaks Physical Therapy, Rehab Excellence Center, Willow Grove Physical Therapy, Maximum Solutions Physical Therapy, and Game Shape Physical Therapy, to benefit from industry-wide best practices. The company's ultimate goal is to develop a network of clinics and become one of the leading providers of physical and occupational therapy in the region. For more information about ActivePro Rehab Partners, please visit www.activeprorehab.com. About The Beekman Group The Beekman Group is a private equity firm headquartered in New York City. With a specific focus on the healthcare, consumer, and business services sectors, Beekman is dedicated to partnering with management teams to create industry-leading companies. By accelerating organic growth and acquisition initiatives, Beekman enables significant ownership for management teams and helps them generate substantial value. Managing over $1 billion in assets, Beekman has completed more than 200 transactions since its inception. For more information about The Beekman Group, please visit www.thebeekmangroup.com.