Press Release
January 18, 2024

Holland & Knight Represents SportsMed Physical Therapy in Acquisition of Red Bank Physical Therapy

NASHVILLE (January 18, 2024) – Holland & Knight advised SportsMed Physical Therapy, a portfolio company of New York-based investor Hildred Capital Management, in its acquisition of Red Bank Physical Therapy, a leading provider of physical therapy services in New Jersey. The transaction was announced on January 9.

With 39 locations across New Jersey and Connecticut, SportsMed is a multi-specialty physical therapy practice that offers comprehensive outpatient rehabilitation and wellness services, including chiropractic care, physical therapy, occupational/hand therapy and acupuncture services.

Hildred Capital Management is a healthcare-focused private equity firm that invests in middle-market companies.

The Holland & Knight deal team was led by Partner David Marks and Associate Oliver Peglow, with support from Senior Counsel Erin Hughes, who advised on real estate matters.

Holland & Knight Partners Morgan Ivey and David Marks (M&A), Partner Robert Harris (finance) and Senior Counsel Erin Hughes (real estate) have represented SportsMed in all legal matters since Hildred's investment in SportsMed in 2018.

More information about the transaction can be found here.

Holland & Knight regularly ranks among the leading M&A and private equity law firms in reputable, benchmarking league tables published by Bloomberg, LSEG (formerly Refinitiv), Mergermarket, PitchBook and The Deal. In 2023, the firm ranked among the top 5 most active law firms in the U.S. and globally for its work in the space, and ranked among the most active law firms in the country for healthcare private equity transactions. Through the HK Deal Flow® program, Holland & Knight facilitates deal leads for clients and prospective clients by matching acquisition or capital raising opportunities with buyers and investors.

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