Upstream Rehabilitation
Upstream Rehabilitation is the largest U.S. outpatient physical therapy provider, operating 1,200+ clinics across 28 states with 8,000+ associates delivering 8 million annual patient visits through a PE-backed roll-up platform.
- Company typePrivate
- Founded2004
- HeadquartersBirmingham, United States
- Headcount5,001–10,000
- GTM typeB2C
- OfferingServices
What Upstream Rehabilitation does
Upstream Rehabilitation Inc. is the largest outpatient physical therapy provider in the United States, operating more than 1,200 clinics across 28 states with 8,000+ associates delivering over 8 million patient visits annually. Founded in 2004 and headquartered in Birmingham, Alabama, the company is privately held and functions as a private equity-backed roll-up platform, with Revelstoke Capital Partners as its disclosed sponsor. Its business is multi-brand clinical service delivery rather than technology product: the core URPT brand plus retained acquired brands (notably Results Physiotherapy, acquired in August 2021) operate under a shared corporate infrastructure, with a "Sell Your Practice" program institutionalizing a perpetual acquisition pipeline from independent PT practice owners seeking exit or partnership.
The company's core product surface consists of three service lines: outpatient rehabilitation (general injury recovery, post-surgical recovery, chronic pain management), specialized physical therapy services for complex cases, and workers' compensation / industrial rehabilitation programs that monetize higher-reimbursement return-to-work engagements. There is no disclosed proprietary technology platform beyond clinic operations; the underlying technology is a centralized operational backbone (RCM, credentialing, compliance, scheduling) enabling multi-site clinical delivery at scale. Customer acquisition is referral-driven from physicians, surgeons, and workers' comp carriers, supplemented by brand marketing (urpt.com, Uplifted Lives patient stories) and clinician recruitment channels (Join Our Family, student programs).
The revenue model is service-fee based on patient visits, reimbursed through commercial insurance, Medicare/Medicaid, and workers' compensation payers at negotiated or fee-schedule rates; pricing is not publicly disclosed. Revenue mechanics are volume-driven (visits per clinic per day) at blended reimbursement per visit, with workers' comp and specialized services providing higher-margin contribution. The company monetizes its acquisition flywheel by purchasing independent practices at multiples below its own platform value, retaining local brands to preserve patient relationships, and integrating back-office functions. Leadership includes Founder & Senior Advisor David Van Name alongside CEOs Anthony Mollica and Ronald Kuerbitz and CFO Bryan Barganier; an out-of-court liability management exercise completed in early 2026 indicates capital structure stress despite continued operations.
Upstream Rehabilitation firmographics
Firmographics- Name
- Upstream Rehabilitation
- Legal name
- Upstream Rehabilitation Inc.
- Website
- http://www.upstreamrehabilitation.com/
- Company type
- Private
- Founded year
- 2004
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- Upstream Rehabilitation is the largest U.S. outpatient physical therapy provider, operating 1,200+ clinics across 28 states with 8,000+ associates delivering 8 million annual patient visits through a PE-backed roll-up platform.
- Ownership category
- akta.pro rank
Upstream Rehabilitation industry classification
Industry- Product category
- Outpatient Physical Therapy Services
- NAICS
- Offices of Physical, Occupational and Speech Therapists, and Audiologists (62134), Ambulatory Health Care Services (621)
- SIC
- Services-Specialty Outpatient Facilities, Nec (8093)
- akta.pro primary industry
- Outpatient Physical Therapy (PT) Clinics (HLADAJAD)
- akta.pro secondary industries
- Outpatient Rehabilitation & Physical/Occupational/Speech Therapy Centers (HLAFABAB), Outpatient Rehabilitation Clinics (PT/OT/SLP) (HLAFAFAG)
Keywords
Where Upstream Rehabilitation is headquartered
LocationHeadquarters
- HQ city
- Birmingham
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Upstream Rehabilitation business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Outpatient Physical Therapy Services: Revenue generated from providing physical therapy services to patients across outpatient clinics. Services include outpatient services, specialized services, and workers' compensation programs. Volume measured by patient visits exceeding 8 million annually.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
Upstream Rehabilitation product offering
Product offeringCore offering
Upstream Rehabilitation operates a network of more than 1,200 outpatient physical therapy clinics across 28 states, delivering outpatient rehabilitation, specialized therapy programs, and workers' compensation injury recovery services through 8,000+ associates serving over 8 million patient visits annually. The company also runs a Sell Your Practice program that acquires independent physical therapy practices and integrates them under retained local brands such as Results Physiotherapy, Drayer Physical Therapy Institute, and Crescent Physical Therapy.
Product overview
Upstream Rehabilitation operates as a platform of outpatient physical therapy clinics, functioning as the parent company for a portfolio of brands including its primary URPT brand and acquired brands such as Results Physiotherapy. The company provides outpatient physical therapy services through over 1,200 clinic locations across 28 states, offering core outpatient services, specialized services, and workers' compensation programs. The platform also includes a Sell Your Practice program enabling practice acquisition partnerships.
Differentiator
Problem solved
Functional benefit
Products and services
- Outpatient Services Core outpatient physical therapy services delivered across the company’s clinic network, including treatment for injuries, post-surgical recovery, and chronic conditions for patients seeking rehabilitation care.
- Specialized Services
- Workers' Compensation
- Sell Your Practice Program
Quantifiable outcome
- 8M+ patient visits annually
- +1 more outcomes
Companies that use Upstream Rehabilitation
Customer profileSegments2 records
Ideal customer profiles3 records
Upstream Rehabilitation technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Upstream Rehabilitation partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Results PhysiotherapycoreUpstream Rehabilitation completed acquisition of Results Physiotherapy on August 2, 2021. This strategic acquisition made Upstream the largest outpatient physical therapy provider in the U.S., expanding to over 1,000 clinics across 28 states with over 5 million patient visits annually.
Scale indicators5 records
Recent moves6 records
Expansion highlights5 records
Upstream Rehabilitation competitors and assessment
Company assessmentMarket position
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Upstream Rehabilitation social profiles
Digital presenceUpstream Rehabilitation financial estimates
Financial estimateRevenue estimate
Valuation estimate
Upstream Rehabilitation leadership team
Management profileNumber of profiles
Profiles7 records
Upstream Rehabilitation subsidiaries and ownership
Company hierarchySubsidiaries1 record
Upstream Rehabilitation funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Upstream Rehabilitation M&A and investment
M&A and investmentM&A4 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Upstream Rehabilitation
What does Upstream Rehabilitation do?
Upstream Rehabilitation operates a network of more than 1,200 outpatient physical therapy clinics across 28 states, delivering outpatient rehabilitation, specialized therapy programs, and workers' compensation injury recovery services through 8,000+ associates serving over 8 million patient visits annually. The company also runs a Sell Your Practice program that acquires independent physical therapy practices and integrates them under retained local brands such as Results Physiotherapy, Drayer Physical Therapy Institute, and Crescent Physical Therapy.
Is Upstream Rehabilitation a public or private company?
Upstream Rehabilitation is a private company. It is classified as private equity controlled and is currently operating.
When was Upstream Rehabilitation founded?
Upstream Rehabilitation was founded in 2004. It employs 5,001 to 10,000 people.
Where is Upstream Rehabilitation based?
Upstream Rehabilitation is headquartered in Birmingham, United States, in the North America region.
How does Upstream Rehabilitation make money?
One revenue line is on record: outpatient Physical Therapy Services.
Does Upstream Rehabilitation have an API?
No public API is recorded for Upstream Rehabilitation.
What industry is Upstream Rehabilitation in?
Upstream Rehabilitation's product category is Outpatient Physical Therapy Services. Its primary akta.pro industry code is HLADAJAD, Outpatient Physical Therapy (PT) Clinics, with a secondary code of HLAFABAB, Outpatient Rehabilitation & Physical/Occupational/Speech Therapy Centers. Its NAICS code is 62134 and its SIC code is 8093.