Oxford Finance provided debt financing to support Sheridan Capital Partners’ investment in Empower Physical Therapy, a physical therapy practice management company.
Headquartered in Phoenix, AZ, Empower PT is the by-product of a dedicated group of physical therapy founder-owners. It currently operates outpatient physical therapy clinics across the Southwest U.S.
Headquartered in Chicago, Sheridan Capital Partners focuses on private equity investments in growth-oriented lower middle market healthcare companies with enterprise values between $20 million and $150 million.
“Empower PT brings together a team of high-quality, passionate, and community-oriented therapists all focused on strengthening lives through helping others,” said Steve DiPaola, CEO of Empower Physical Therapy. “We are fortunate to partner with the experienced professionals at Sheridan, who bring a history and expertise in building leading healthcare services businesses. We look forward to growing Empower PT together.”
“It is a pleasure to partner with Steve and the entire team at Empower PT,” said Jonathan Lewis, partner of Sheridan Capital Partners. “We have found a motivated team and an energized culture and we believe they are poised for continued growth and great success.”
“This partnership reinforces Sheridan’s investment strategy of finding and supporting successful, founder-led businesses at a key inflection point of growth,” added Sean Dempsey, also a partner at Sheridan. “Empower PT is already a leader in the Southwest U.S., and we plan to amplify and accelerate their on-going success.”
The transaction was led by Jonathan Lewis, Sean Dempsey, Nicholas Rowland, Jonathan Gavron, and Matt Hinshaw at Sheridan Capital Partners. McGuireWoods served as legal counsel to Sheridan Capital Partners. Other terms of the transaction were not disclosed.