Martin Healthcare Advisors, LLC Advises Shore Orthopedic & Athletic Rehabilitation on its Partnership with Strive Physical Therapy & Sports Rehabilitation

December 8, 2021 - Martin Healthcare Advisors, LLC ("MHA") is pleased to announce that it has served as the exclusive financial advisor to Shore Orthopedic & Athletic Rehabilitation ("S.O.A.R."), a private and therapist-owned physical therapy practice located in Sea Girt, New Jersey, on its strategic partnership with Strive Physical Therapy & Sports Rehabilitation ("Strive"), a part of the Confluent Health ("Confluent") family.

“Since 1988, a core philosophy at S.O.A.R. has been to help our patients return to their normal activities as quickly as possible, at work and at home, fully functional and pain-free,” said co-owners Nick Froio, PT, DPT, OCS, cert MDT, and Keith Montecalvo, PT, DPT, OCS, Cert MDT, SFM, in a joint statement.

“Our team has consistently proven that state-of-the-art physical therapy practices combined with a culture of patient-education in prevention and movement management is essential for keeping our patients happy and healthy.”

“We are very happy to partner with Erich at Strive and Larry at Confluent Health, who we see as leaders in our profession. Our values in excellence for both patient care and employee growth and satisfaction are in alignment. Keith and I are excited for the opportunity this partnership brings to our company and employees, so we can better serve our community,” continued Froio and Montecalvo.

“We are proud to partner with S.O.A.R. and are eager to bring their commitment to clinical excellence on board,” said CEO of Strive, Erich Herkloz, MPT, Cert. MDT, CSCS. “Nick, Keith and their entire team are going to add significant value as we grow together. In the years to come, accommodating the vast growth and volume of musculoskeletal and chronic pain patients requires proven, hands-on partnerships and we believe S.O.A.R. are perfectly aligned to answer the call.”

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

About Shore Orthopedic & Athletic Rehabilitation

Shore Orthopedic & Athletic Rehabilitation (“S.O.A.R.” or the “Company”) has been widely regarded as a leading expert in the field of orthopedic physical therapy since 1988. Our goal is to return our patients to their normal activities as quickly as possible, at work and at home, fully functional and pain-free. We emphasize patient education to prevent a recurrence of your problem and to avoid associated disorders to which you may be susceptible. When disease or accident prevents a full recovery, we teach you the skills needed to manage limitations while maximizing your function.

About Strive Physical Therapy & Sports Performance

Strive Physical Therapy & Sports Rehabilitation (“Strive” 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 central and southern New Jersey, as well as Pennsylvania. The Company provides outpatient physical therapy services in the counties of Atlantic, Camden, Burlington, Cumberland, Gloucester, Mercer and Middlesex in New Jersey and one clinic in Philadelphia. Strive has been thoughtful and opportunistic with its growth strategy and continues to find and develop new growth opportunities through de-novo clinics, strategic acquisitions, and collaboration with health systems and other providers of healthcare services in their markets. The Company has been consistently recognized for its patient satisfaction and clinical outcomes and was rated as the “Best of South Jersey” for physical therapy and sports rehabilitation every year since 2011.

About Confluent Health

Confluent Health ("Confluent" or the "Company") is a family of physical therapy and occupational therapy companies transforming healthcare by strengthening private practices, developing and educating highly effective clinicians and lowering healthcare costs through workplace wellness and injury prevention. The Company is run by physical therapists and provides shared services, continuing education, professional development, mentorships and true partnerships. Confluent's partners get all the advantages of a large company so they can focus on running their clinical practices and serve their local communities.

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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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