Swiss private equity firm Partners Group Holding AG entered a deal to acquire an undisclosed stake in Confluent Health LLC.
Chicago-based private equity group The Edgewater Funds will divest its holding in the target as part of the transaction, according to a release.
Louisville, Ky.-based Confluent provides outpatient physical and occupational therapy services across about 200 clinics in the U.S. The company also offers pre-graduate programs, post-graduate certification, residency and fellowship programs for physical therapists, as well as occupational health and safety services at over 500 corporate locations. Confluent is led by CEO Larry Benz.
Financial terms of the deal were not disclosed.