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.