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Healthcare & Life Sciences Private Equity Deal Tracker: Pharos Capital Sells Stake in MOTION

By Geoff Cockrell & Robert Kurtz on February 21, 2023
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Pharos Capital Group has announced it has sold its majority stake in MOTION PT Group to Confluent Health.

MOTION, based in New York, is a physical therapy, occupational therapy and speech therapy company. Founded in 2015, the company has nearly 60 clinic locations in Connecticut, Maryland, Massachusetts and New York.

Pharos, with offices in Dallas and Nashville, pursues control equity and mezzanine investments in lower and middle market companies primarily in healthcare and business services. Founded in 1998, the firm targets the provider services and non-reimbursement industries within healthcare.

Confluent, based in Louisville, Ky., is a group of physical therapy and occupational therapy companies operating across 29 states.

Terms of the transaction were not disclosed.

Photo of Geoff Cockrell Geoff Cockrell

Geoff is the immediate past chair of the firm’s private equity group where he served for over a decade. He also formerly served on the firm’s Board of Partners. He has a wide scope of experience in mergers and acquisitions and financing transactions.

Geoff is the immediate past chair of the firm’s private equity group where he served for over a decade. He also formerly served on the firm’s Board of Partners. He has a wide scope of experience in mergers and acquisitions and financing transactions. His mergers and acquisition experience, representing private equity sponsors, strategic purchasers and sellers extends across a diverse number of industries with a primary focus on healthcare provider services transactions. Geoff is a national contributor both at conferences and in publications on a wide array of issues unique to the private equity industry. He regularly contributes to Law360’s Healthcare and Private Equity sections, and is an author of The Healthcare Investor, a blog on healthcare finance topics.

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  • Posted in:
    Health Care and Life Sciences
  • Blog:
    The Healthcare Investor
  • Organization:
    McGuireWoods LLP
  • Article: View Original Source

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