Private equity firm New Harbor Capital LLC has purchased PT Solutions Holdings LLC.

PT Solutions operates about 40 outpatient clinics in Alabama, Florida, Georgia, Illinois, Kentucky and Tennessee. Terms of the transaction were not disclosed.

New Harbor, headquartered in Chicago, invests in business services, health care and education companies. The firm has also invested in Heartland Dental Care, Arc Document Solutions (NYSE: ARC) and Royall & Co.

NXT Capital acted as the sole lead arranger, bookrunner and administrative agent for the deal. The lender provided $21 million to finance the transaction. Livingstone Partners acted as New Harbor's financial adviser on the deal.

The deal follows many other clinic transactions, including U.S. HealthWorks’ acquisition of the Urgent Medical Care center in Pompano Beach, Fla. in November, and Bregal Partners’ October purchase of ReMed Recovery Care Centers.

For more on health care M&A, see “ACA Reshuffles the Deck.”

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