Therapy Partner Solutions
Therapy Partner Solutions is a PE-backed physical therapy platform operating 158 clinical sites across 11 states via five divisions: equity partnerships with outpatient clinics, managed services for hospitals, revenue cycle management, compliance services, and recruiting — serving independent practices, health systems, physician-owned PTs, and home health agencies.
- Company typePrivate
- Founded2017
- HeadquartersFernandina Beach, United States
- Headcount251–500
- GTM typeB2B
- OfferingServices
What Therapy Partner Solutions does
Therapy Partner Solutions Holdings (TPSH) is a private, PE-backed physical therapy platform headquartered in Fernandina Beach, Florida, organized around five operating divisions: Private Practice Solutions (PPS) for outpatient clinic equity partnerships, Management Solutions (MS) for hospital and health system managed service contracts, Medical Billing Center (MBC) for revenue cycle management, Business & Clinical Management Services (BCMS) for federal healthcare compliance (including the Compliance Bubble software platform), and Recruiting Solutions. The company serves four primary customer segments — independent outpatient private practices, hospitals and health systems, physician-owned physical therapy practices (POPTS), and home health agencies — through both equity partnership arrangements and recurring managed service contracts. As of September 2025, TPS operated 158 clinical sites across 11 states with more than 850 professionals, having grown from approximately 60 sites in 8 states at the time of the Lee Equity Partners investment in January 2022.
The company's core technology stack is operational rather than software-led. Proprietary capabilities center on the BCMS Compliance Bubble (a configurable policy/procedure and attestation tracking platform for outpatient therapy providers) and MBC's advanced RCM clearinghouse and collections software, both of which are sold as services to partner clinics and external clients. The company has invested in clinical education infrastructure through the Clinical Excellence Academy (orthopedic residency, OCS prep, dry needling certification) and has partnered with Exxat (student placement platform) and UpSkill Clinical Education (certification programs) to formalize the therapist development pipeline.
TPSH generates revenue through five streams: equity participation in partnered outpatient clinics, recurring managed service fees from hospitals/health systems/POPTS/home health agencies, RCM service fees via MBC, federal compliance service fees via BCMS, and recruiting placement fees. Pricing is not publicly disclosed and is structured as custom partnership and managed service contracts. The go-to-market is direct enterprise and field sales targeting mid-market independent PT practices, hospital systems, and physician groups across the Southeast and Mid-Atlantic U.S. Lee Equity Partners is the controlling PE investor, and the company is led by three co-founders (Steve Chenoweth, CEO; Chad Whitefield, COO; Sam Echols, Chief Clinical & Compliance Officer), augmented by a deep senior operating team including dedicated M&A, growth, integration, and clinical leadership roles.
Therapy Partner Solutions firmographics
Firmographics- Name
- Therapy Partner Solutions
- Legal name
- Therapy Partner Solutions Holdings
- Website
- https://therapypartnersolutions.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Therapy Partner Solutions is a PE-backed physical therapy platform operating 158 clinical sites across 11 states via five divisions: equity partnerships with outpatient clinics, managed services for hospitals, revenue cycle management, compliance services, and recruiting — serving independent practices, health systems, physician-owned PTs, and home health agencies.
- Ownership category
- akta.pro rank
Therapy Partner Solutions industry classification
Industry- Product category
- Physical Therapy Practice Management Services
- NAICS
- Offices of Physical, Occupational and Speech Therapists, and Audiologists (62134), Offices of Other Health Practitioners (6213)
- SIC
- Services-Health Services (8000), Services-Offices & Clinics Of Doctors Of Medicine (8011)
- akta.pro primary industry
- Outpatient Physical Therapy (PT) Clinics (HLADAJAD)
- akta.pro secondary industries
- Home Health Physical Therapy & Mobile PT (HSADAIAO), Specialty Caregiver Placement (Dementia, Parkinson’s, Post-Op) (HSABAMAG)
Keywords
Where Therapy Partner Solutions is headquartered
LocationHeadquarters
- HQ city
- Fernandina Beach
- HQ country
- United States
- HQ region
- North America
Offices4 records
Markets served
Therapy Partner Solutions business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Supply Chain
Revenue model
- Management/Managed Services: Recurring fees from managing therapy programs for hospitals, health systems, physician-owned PT practices, and home health agencies. Services include operational oversight, staffing, compliance, billing, and performance analytics.
- Outpatient Partnership Model: Equity partnership model where TPS invests in outpatient private practice clinics. Clinic owners monetize some value while retaining ownership stake, with TPS providing support services and benefiting from growth and expansion.
- Revenue Cycle Management (RCM): Billing and collections services for outpatient therapy organizations and hospitals provided through Medical Billing Center, LLC (MBC). Combines advanced collections and clearinghouse software with personalized reporting and expert staff.
- Compliance Services: Federal healthcare compliance services for outpatient therapy providers including billing, coding, documentation, HIPAA, OSHA, labor law, provider enrollment, and audit services through Business & Clinical Management Services, LLC (BCMS).
- Recruiting Solutions: Professional career advice and job placement services for licensed therapists and assistants, connecting physical, speech, and occupational therapy professionals with opportunities across the TPS footprint.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels7 records
Therapy Partner Solutions product offering
Product offeringCore offering
Therapy Partner Solutions Holdings is a national physical therapy business services platform composed of five divisions: Private Practice Solutions (equity partnerships with independent outpatient PT clinics), Management Solutions (managed therapy services for hospitals, health systems, physician-owned practices, and home health agencies), Medical Billing Center (outpatient therapy revenue cycle management), Business & Clinical Management Services (federal healthcare compliance, including the Compliance Bubble software platform), and Recruiting Solutions (therapist staffing and career placement). The company additionally operates the Clinical Excellence Academy, a clinician development and continuing education program with partnerships for dry needling and orthopedic management certification.
Product overview
Therapy Partner Solutions Holdings operates as a platform of five therapy-focused divisions providing business solutions across the physical therapy continuum of care. The core offering includes: Private Practice Solutions (PPS) for outpatient clinic equity partnerships; Management Solutions (MS) for hospital, physician-owned, and home health therapy services; Medical Billing Center (MBC) for revenue cycle management; Business & Clinical Management Services (BCMS) for compliance including the Compliance Bubble software platform; and Recruiting Solutions for staffing. The ecosystem is enhanced by the Clinical Excellence Academy for clinician development, with partnerships with Exxat One for student placement management and Upskill Clinical Education for certification courses. The company employs over 850 professionals across approximately 158 clinical sites in 11 states.
Differentiator
Problem solved
Functional benefit
Brands
- Therapy Partner Private Practice Solutions: Outpatient private practice partnership division offering equity partnership model for clinic owners
- Therapy Partner Management Solutions
- Medical Billing Center (MBC)
- Business & Clinical Management Services (BCMS)
- Therapy Partner Recruiting Solutions
- Clinical Excellence Academy
Products and services
- Therapy Partner Private Practice Solutions (PPS) Equity partnership offering for independent outpatient physical therapy clinic owners, enabling them to monetize practice value while retaining ownership stake. Provides management, HR, staffing, operations, marketing, and finance support to accelerate business expansion while maintaining company culture.
- Therapy Partner Management Solutions (MS) Managed therapy services for hospitals, health systems, physician-owned physical practices, and home health agencies. Covers all operational aspects of therapy program optimization and growth, with expertise dating back to 1998 for optimizing and growing physical therapy practices.
- Medical Billing Center, LLC (MBC) - Revenue Cycle Management Revenue cycle management (RCM) services for outpatient therapy organizations and hospitals, focused exclusively on outpatient physical, occupational, speech therapy, and behavioral health. Combines advanced collections and clearinghouse software with personalized reporting and expert staff.
- Business & Clinical Management Services, LLC (BCMS) - Compliance Services Federal and state healthcare compliance solutions for outpatient therapy providers, including billing, coding, documentation, HIPAA, OSHA, labor law, provider enrollment, and audit services. Flagship offering is the Compliance Bubble software platform, which hosts customizable policies/procedures, tracks staff education and attestations, auto-updates annually, and provides monthly location-specific compliance task tracking.
- Therapy Partner Recruiting Solutions (RS) Professional career advice and job placement services connecting physical, speech, and occupational therapy professionals with opportunities across the TPSH footprint. Manages university relations, entry-level, and advanced job opportunities.
- Clinical Excellence Academy In-house professional development platform providing clinician mentorship, continuing education, orthopedic residency programs, OCS prep courses, dry needling certification, and the Elevate virtual clinician development series for TPS clinicians.
Quantifiable outcome
- Managed services relationships with hospitals, health systems, physician-owned practices, and home health agencies across 11 states
- +1 more outcomes
Companies that use Therapy Partner Solutions
Customer profileNamed customers8 records
Segments4 records
Ideal customer profiles4 records
Therapy Partner Solutions technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Therapy Partner Solutions partnerships and signals
Strategic signalPartnerships
13 partnerships are on record, tiered core.
- Fast Track Physical TherapycoreFast Track Physical Therapy, a four-location provider in and around Indianapolis, Indiana, joined TPS marking an exciting new chapter for the practice.
- Southern Rehab Physical TherapycoreSouthern Rehab Physical Therapy in Kimball, Tennessee joined the TPS family to strengthen quality patient-centered care with expanded resources and support.
- ExxatcoreExxat partnered with TPS to provide centralized clinical education management through Exxat One platform. The partnership supports student placements and onboarding across TPS's 158 clinical locations.
- Red Canyon Physical TherapycoreRed Canyon Physical Therapy, with locations in Maryland and West Virginia, joined TPS to expand access to patient-centered physical therapy services.
- Trinity Wellness CentercoreTrinity Wellness Center, a provider of physical therapy and sports medicine in Raleigh, NC, partnered with TPS to expand their clinic footprint while maintaining individualized care.
- nMotion Physical TherapycorenMotion Physical Therapy, an Atlanta-area outpatient provider, joined TPS alongside market partner Atlanta Rehabilitation & Performance Center.
- Greensboro Physical Therapy Sports Rehab & Athletic PerformancecoreGreensboro Physical Therapy Sports Rehab & Athletic Performance, a leading provider in the Greensboro, NC community, partnered with TPS to expand innovative rehabilitation services.
- Fairhope Physical TherapycoreFairhope Physical Therapy Services, a trusted provider in Fairhope, Alabama for over 30 years, partnered with TPS to enhance patient care and expand access to rehabilitation services.
- UpSkill Clinical EducationcoreTPS partnered with UpSkill Clinical Education to deliver evidence-based dry needling certification and orthopedic management courses for TPS clinicians through the Clinical Excellence Academy.
- Schuster Physical TherapycoreSchuster Physical Therapy, with locations in Jefferson and Sparta, North Carolina, was acquired by TPS to expand their presence in North Carolina.
- Wellness InstitutecoreWellness Institute, with locations in Okatie and Hilton Head, South Carolina, partnered with TPS to expand their footprint while maintaining their commitment to quality care.
- Atlanta Rehabilitation & Performance Center (ARPC)coreARPC, a 21-clinic physical therapy and sports medicine platform founded in 2001, joined TPS as a strategic partnership to expand their footprint while benefiting from TPS resources and expertise.
- Cumberland Physical TherapycoreCumberland Physical Therapy, a private outpatient orthopedic practice in Sparta, Tennessee specializing in women's health, was acquired and joined the TPS family of companies.
Scale indicators6 records
Recent moves8 records
Expansion highlights6 records
Therapy Partner Solutions competitors and assessment
Company assessmentRegional players
- Pivot Physical Therapy: Mid-Atlantic and Southeast outpatient PT provider. Geographic overlap with TPS's core footprint and competes for partnership targets and clinical talent in the same regional markets.
Direct peers
- PT Solutions: Outpatient PT platform with both owned clinics and hospital management contracts. Direct competitor in managed services for hospitals and physician-owned PT practices.
- Results Physiotherapy: Outpatient orthopedic PT chain across the Southeast and Texas. Competes in adjacent geographies for clinic partnerships, patients, and therapists.
- Athletico Physical Therapy: Large multi-state outpatient orthopedic PT chain. Competes directly for clinic partnerships, clinical talent, and referral relationships across overlapping geographies.
- CORA Physical Therapy: Outpatient PT platform with multi-state clinic footprint and active de novo and acquisition strategy. Comparable partnership-style growth model targeting independent practices.
- Ivy Rehab Network: PE-backed outpatient PT and pediatric therapy platform with rapid multi-state expansion via partnership and de novo growth. Comparable in scale and partnership-oriented growth strategy.
- U.S. Physical Therapy: Public operator of ~600+ outpatient PT clinics via majority-interest partnership model. Closest direct comp to TPS's equity-partnership structure and clinic platform approach.
- ATI Physical Therapy: Largest US outpatient physical therapy operator with hundreds of clinics nationwide. Direct competitor for independent clinic partnerships and managed services contracts, with substantially greater scale and capital.
Broad incumbents
- Select Medical: Public diversified rehab provider with outpatient PT, inpatient rehab, and hospital-based services. Overlaps with TPS's hospital and home health managed-service segments and provides broader competitive context.
- Concentra Group Holdings: Occupational health and outpatient rehabilitation services provider. Broader incumbent in the rehab and employer health services space, overlapping with TPS's employer and managed-service segments.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Therapy Partner Solutions social profiles
Digital presenceTherapy Partner Solutions financial estimates
Financial estimateRevenue estimate
Valuation estimate
Therapy Partner Solutions leadership team
Management profileNumber of profiles
Profiles16 records
Therapy Partner Solutions subsidiaries and ownership
Company hierarchySubsidiaries3 records
Therapy Partner Solutions funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Therapy Partner Solutions M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Therapy Partner Solutions
What does Therapy Partner Solutions do?
Therapy Partner Solutions Holdings is a national physical therapy business services platform composed of five divisions: Private Practice Solutions (equity partnerships with independent outpatient PT clinics), Management Solutions (managed therapy services for hospitals, health systems, physician-owned practices, and home health agencies), Medical Billing Center (outpatient therapy revenue cycle management), Business & Clinical Management Services (federal healthcare compliance, including the Compliance Bubble software platform), and Recruiting Solutions (therapist staffing and career placement). The company additionally operates the Clinical Excellence Academy, a clinician development and continuing education program with partnerships for dry needling and orthopedic management certification.
Is Therapy Partner Solutions a public or private company?
Therapy Partner Solutions is a private company. It is classified as private equity controlled and is currently operating.
When was Therapy Partner Solutions founded?
Therapy Partner Solutions was founded in 2017. It employs 251 to 500 people.
Where is Therapy Partner Solutions based?
Therapy Partner Solutions is headquartered in Fernandina Beach, United States, in the North America region.
How does Therapy Partner Solutions make money?
Five revenue lines are on record. Management/Managed Services are the primary driver. The others are outpatient Partnership Model, revenue Cycle Management (RCM), compliance Services and recruiting Solutions.
Who are Therapy Partner Solutions's main competitors?
Pivot Physical Therapy is listed as a regional player. Direct peers are PT Solutions, Results Physiotherapy, Athletico Physical Therapy, CORA Physical Therapy, Ivy Rehab Network, U.S. Physical Therapy and ATI Physical Therapy. Broad incumbents are Select Medical and Concentra Group Holdings.
Does Therapy Partner Solutions have an API?
No public API is recorded for Therapy Partner Solutions.
What industry is Therapy Partner Solutions in?
Therapy Partner Solutions's product category is Physical Therapy Practice Management Services. Its primary akta.pro industry code is HLADAJAD, Outpatient Physical Therapy (PT) Clinics, with a secondary code of HSADAIAO, Home Health Physical Therapy & Mobile PT. Its NAICS code is 62134 and its SIC code is 8000.