Martin Healthcare Advisors, LLC Advises Oasis Physical Therapy & Sports Rehab on its Partnership with Upstream Rehabilitation

December 15, 2020 - Martin Healthcare Advisors, LLC ("MHA") is pleased to announce that it has served as the exclusive financial advisor to Oasis Physical Therapy & Sports Rehab ("Oasis"), a private and therapist-owned physical therapy practice located throughout the Tri-Cities area of Washington state, on its partnership with Upstream Rehabilitation ("Upstream").

Walla Walla native Mindi Irvine started Oasis Physical Therapy & Sports Rehab with a single outpatient clinic in 2002, growing it to five locations in the Tri-Cities area today.

But as Oasis marks its 20th anniversary this year, Irvine knew it was time to work with a partner that could provide the additional resources needed to continue her growth and expansion strategy.

Oasis plans to add more clinics and expand patient access to care through its new partnership with Upstream Rehabilitation, the nation's largest dedicated physical therapy provider.

"Upstream is an incredible company and shares our passion for serving local communities and for helping patients reach their goals and get their lives back," said Irvine, who earned a master's degree in physical therapy from Loma Linda University.

Irvine noted that Upstream provides a structure for Oasis to add more locations but also for its physical therapists to hone their clinical skills and realize leadership opportunities that otherwise wouldn't be available to them.

Oasis has single clinics in Pasco, Kennewick and Walla Walla and two in Richland.

Phil Christian, Upstream's senior vice president of business development, noted that Oasis complements Upstream's growing presence in the Pacific Northwest.

"Mindi is growth-focused and was looking for the right partner," Christian said. "This is a great fit for Oasis and Upstream but also the communities and patients that we serve. We're thrilled to welcome Mindi's talented team to the Upstream family."

MHA, a nationally-recognized advisor and consultant to the rehab industry, assisted in initiating, structuring and negotiating the transaction on behalf of Oasis.

About Oasis Physical Therapy & Sports Rehab

Oasis Physical Therapy & Sports Rehab (“Oasis” or the “Company”) is a patient-centric and growth-oriented company and one of the leading privately-held providers of physical therapy and sports rehabilitation in the Tri-Cities area of Washington state. The Company proudly serves the Mid-Columbia with five locations in Kennewick, Pasco, Queensgate, Richland and Walla Walla. The Company's team of experienced therapy professionals help solve even the most complex condition, identifying underlying causes, using the most advanced, scientifically validated treatment options available. Each one of the Company's five locations provides the one-on-one care people have come to expect from Oasis, with a commitment to helping achieve the most successful rehabilitation outcome.

About Upstream Rehabilitation

Upstream Rehabilitation ("Upstream" or the "Company") is the largest pure-play outpatient physical therapy provider in the United States, based in Birmingham, AL. Upstream overall comprises more than 1,100 owned or managed clinics in 28 states. The Company's network of brands include Back @ Work Physical Therapy, BenchMark Physical Therapy, Bethesda Physical Therapy, Beyond Therapy for Kids, Drayer Physical Therapy Institute, Elite Physical Therapy, NW Sports Physical Therapy, Oasis Physical Therapy & Sports Rehab, Orthopedic Rehabilitation Associates, Peak Physical Therapy, People's Injury Network Northwest, Performax Physical Therapy, Physical Therapy & Hand Specialists, Physical Therapy & Rehab Specialists, PhysioFit, PT Northwest Physical Therapy, Results Physiotherapy, Rocky Mountain Spine & Sport Physical Therapy, SERC Physical Therapy, Sound to Summit Physical Therapy, Step & Spine Physical Therapy, Summit Physical Therapy and Therapy in Motion.

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About Martin Healthcare Advisors, LLC

Martin Healthcare Advisors (MHA) is a national leader in middle market healthcare mergers & acquisitions, valuations, profit building consulting and buyer-seller advisory services specializing in the rehabilitation industry and other healthcare services businesses. MHA partners with business leaders and healthcare services entrepreneurs to drive value and profitability in their organizations. Hundreds of companies across the U.S. rely on MHA’s expertise, hands-on approach and industry-leading proprietary systems to improve and manage their company’s financial, operational and market conditions.

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