Ivy Rehab, an outpatient musculoskeletal rehabilitation and pediatric services practice and a portfolio company of Waud Capital Partners, has purchased Excel Physical Therapy.

While working together at a sports medicine facility in New York City, Excel’s co-founders, Matt Gibble and Gary Flink, worked to open an orthopedic physical therapy center. Since then, the company has established offices throughout New Jersey. Through this transaction, Ivy Rehab has added 24 clinic locations to its footprint.

“We are excited to be opening more doors for our clinicians through residencies and mentorship opportunities to make our team even stronger while continuing to provide the highest level of care to our patients,” says Flink.