{"id":9180,"date":"2021-12-02T00:00:00","date_gmt":"2021-12-02T04:00:00","guid":{"rendered":"https:\/\/livingstagenew.wpenginepowered.com\/transaction\/livingstone-advises-foothills-therapy-partners-on-new-partnership-with-confluent-health\/"},"modified":"2026-06-25T13:29:19","modified_gmt":"2026-06-25T17:29:19","slug":"livingstone-advises-foothills-therapy-partners-on-new-partnership-with-confluent-health","status":"publish","type":"transaction","link":"https:\/\/livingstonepartners.com\/en\/transaction\/livingstone-advises-foothills-therapy-partners-on-new-partnership-with-confluent-health\/","title":{"rendered":"Livingstone advises Foothills Therapy Partners on new partnership with Confluent Health"},"content":{"rendered":"\n

Livingstone\u2019s healthcare team has advised <\/strong>Foothills Therapy Partners<\/strong><\/a> (\u201cFTP\u201d), the largest outpatient physical therapy provider in Arizona, on its new partnership with Confluent Health, a portfolio investment of <\/strong>Partners Group Holding AG<\/strong><\/a>. Livingstone acted as exclusive financial advisor to FTP.<\/strong><\/p>

\u201cLivingstone provided skillful guidance and creative deal-making throughout this complex transaction,\u201d <\/em>commented Mike Basten, Mike Basten, PT, DPT, FTP Chief Executive Officer<\/strong>. \u201cLivingstone facilitated a competitive process that provided a variety of attractive alternatives and resulted in finding the right partner in Confluent Health.\u201d<\/em><\/p>

Founded in 2000, FTP is an independent and physical therapist-owned practice with 45 outpatient clinics across Arizona. In the Phoenix metropolitan area, FTP operates as Foothills Sports Medicine Physical Therapy\u2122<\/a> with 26 clinics and seven sports training and performance clinics, operating as Foothills Sports Medicine Physical Therapy\u2122<\/a>. In Tucson, the group operates 12 clinics as ProActive Physical Therapy,<\/a> including several clinics specializing in hand therapy. FTP clinics are large, well-appointed, and located in highly trafficked settings, which together support the convenience of patients, customers, and referring physicians.<\/p>

\u201cAs one of the industry\u2019s few remaining therapist-owned and independent market leaders in a state, FTP is a rare platform that commanded significant interest from strategic buyers and private equity firms,\u201d <\/em>commented Ryan Buckley, Partner at Livingstone<\/strong>. \u201cWe are delighted to have assisted in forging this important partnership, with the combined platform serving as a powerful consolidator in the fragmented Southwest geography.\u201d<\/em><\/p>

This partnership will allow FTP to maintain its existing brands while gaining access to Confluent Health\u2019s shared management services. These services include efficient community outreach, digital innovations, value-based care pathway models, marketing and finance tools, and continuing education programs and staff development opportunities such as Evidence In Motion, a nationally-recognized residency, Fellowship, and certification education provider in a physical and occupational therapy program.<\/p>

\u201cWe are proud to welcome FTP into the Confluent family. Adding FTP\u2019s unmatched dedication to specialized patient care and talent development will be a core focus of our new partnership,\u201d<\/em> says Confluent Health\u2019s President and CEO Larry Benz, PT, DPT, OCS, MBA, MAPP<\/strong>. \u201cMike and his entire team comprise a pre-eminent practice in the Southwest and are going to add significant value as we grow together. This partnership has endless possibilities.\u201d<\/em><\/p>

Over 15+ years, Livingstone has built one of the most active M&A practices serving the physical therapy industry, having completed more than a dozen transactions with industry leaders such as Alliance Physical Therapy Partners, ATI Physical Therapy, MOTION Physical Therapy, and PT Solutions.<\/p>

Mark Carl, Director at Livingstone<\/strong>, noted, \u201cFTP marks another successful transaction in the musculoskeletal sub-specialty.  Livingstone has become the middle market\u2019s most active advisor in the space, having completed 20+ deals in the areas of physical therapy, contract rehabilitation, orthopedics, physiatry, and podiatry.\u201d<\/em><\/p>

Polsinelli LLP<\/a> served as legal counsel to FTP, while Bryan Cave Leighton Paisner LLP<\/a> provided legal counsel to Confluent.<\/p>\n","protected":false},"excerpt":{"rendered":"

Livingstone\u2019s healthcare team has advised Foothills Therapy Partners, the largest outpatient physical therapy provider in Arizona, on its new partnership with Confluent Health, a portfolio investment of Partners Group Holding AG.<\/p>\n","protected":false},"featured_media":3726,"template":"","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"client-type":[],"region":[],"sector":[],"service":[],"transaction-type":[],"class_list":["post-9180","transaction","type-transaction","status-publish","has-post-thumbnail","hentry"],"acf":{"team_members":[1190,1205,1106],"date":"20211202","client_type":40,"type":[1111],"region":[376],"services":[434],"sectors":[636,673],"related_transactions":[8870,8806,8465,8273],"related_testimonials":[50897],"contacts":""},"yoast_head":"\nLivingstone advises Foothills Therapy Partners on new partnership with Confluent Health - Livingstone Partners<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/livingstonepartners.com\/en\/transaction\/livingstone-advises-foothills-therapy-partners-on-new-partnership-with-confluent-health\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Livingstone advises Foothills Therapy Partners on new partnership with Confluent Health - Livingstone Partners\" \/>\n<meta property=\"og:description\" content=\"Livingstone\u2019s healthcare team has advised Foothills Therapy Partners, the largest outpatient physical therapy provider in Arizona, on its new partnership with Confluent Health, a portfolio investment of Partners Group Holding AG.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/livingstonepartners.com\/en\/transaction\/livingstone-advises-foothills-therapy-partners-on-new-partnership-with-confluent-health\/\" \/>\n<meta property=\"og:site_name\" content=\"Livingstone Partners\" \/>\n<meta property=\"article:modified_time\" content=\"2026-06-25T17:29:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/livingstonepartners.com\/wp-content\/uploads\/2026\/05\/c7cc377a.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"550\" \/>\n\t<meta property=\"og:image:height\" content=\"370\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/livingstonepartners.com\\\/en\\\/transaction\\\/livingstone-advises-foothills-therapy-partners-on-new-partnership-with-confluent-health\\\/\",\"url\":\"https:\\\/\\\/livingstonepartners.com\\\/en\\\/transaction\\\/livingstone-advises-foothills-therapy-partners-on-new-partnership-with-confluent-health\\\/\",\"name\":\"Livingstone advises Foothills Therapy Partners on new partnership with Confluent Health - Livingstone Partners\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/livingstonepartners.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/livingstonepartners.com\\\/en\\\/transaction\\\/livingstone-advises-foothills-therapy-partners-on-new-partnership-with-confluent-health\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/livingstonepartners.com\\\/en\\\/transaction\\\/livingstone-advises-foothills-therapy-partners-on-new-partnership-with-confluent-health\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/livingstonepartners.com\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/c7cc377a.jpg\",\"datePublished\":\"2021-12-02T04:00:00+00:00\",\"dateModified\":\"2026-06-25T17:29:19+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/livingstonepartners.com\\\/en\\\/transaction\\\/livingstone-advises-foothills-therapy-partners-on-new-partnership-with-confluent-health\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/livingstonepartners.com\\\/en\\\/transaction\\\/livingstone-advises-foothills-therapy-partners-on-new-partnership-with-confluent-health\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/livingstonepartners.com\\\/en\\\/transaction\\\/livingstone-advises-foothills-therapy-partners-on-new-partnership-with-confluent-health\\\/#primaryimage\",\"url\":\"https:\\\/\\\/livingstonepartners.com\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/c7cc377a.jpg\",\"contentUrl\":\"https:\\\/\\\/livingstonepartners.com\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/c7cc377a.jpg\",\"width\":550,\"height\":370},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/livingstonepartners.com\\\/en\\\/transaction\\\/livingstone-advises-foothills-therapy-partners-on-new-partnership-with-confluent-health\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\\\/\\\/livingstonepartners.com\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Transactions\",\"item\":\"https:\\\/\\\/livingstonepartners.com\\\/en\\\/transaction\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Livingstone advises Foothills Therapy Partners on new partnership with Confluent Health\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/livingstonepartners.com\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/livingstonepartners.com\\\/en\\\/\",\"name\":\"Livingstone Partners\",\"description\":\"Deals Done Right.\",\"publisher\":{\"@id\":\"https:\\\/\\\/livingstonepartners.com\\\/en\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/livingstonepartners.com\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/livingstonepartners.com\\\/en\\\/#organization\",\"name\":\"Livingstone Partners\",\"url\":\"https:\\\/\\\/livingstonepartners.com\\\/en\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/livingstonepartners.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/livingstonepartners.com\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/logo_livingstone.svg\",\"contentUrl\":\"https:\\\/\\\/livingstonepartners.com\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/logo_livingstone.svg\",\"caption\":\"Livingstone Partners\"},\"image\":{\"@id\":\"https:\\\/\\\/livingstonepartners.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Livingstone advises Foothills Therapy Partners on new partnership with Confluent Health - Livingstone Partners","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/livingstonepartners.com\/en\/transaction\/livingstone-advises-foothills-therapy-partners-on-new-partnership-with-confluent-health\/","og_locale":"en_US","og_type":"article","og_title":"Livingstone advises Foothills Therapy Partners on new partnership with Confluent Health - Livingstone Partners","og_description":"Livingstone\u2019s healthcare team has advised Foothills Therapy Partners, the largest outpatient physical therapy provider in Arizona, on its new partnership with Confluent Health, a portfolio investment of Partners Group Holding AG.","og_url":"https:\/\/livingstonepartners.com\/en\/transaction\/livingstone-advises-foothills-therapy-partners-on-new-partnership-with-confluent-health\/","og_site_name":"Livingstone Partners","article_modified_time":"2026-06-25T17:29:19+00:00","og_image":[{"width":550,"height":370,"url":"https:\/\/livingstonepartners.com\/wp-content\/uploads\/2026\/05\/c7cc377a.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/livingstonepartners.com\/en\/transaction\/livingstone-advises-foothills-therapy-partners-on-new-partnership-with-confluent-health\/","url":"https:\/\/livingstonepartners.com\/en\/transaction\/livingstone-advises-foothills-therapy-partners-on-new-partnership-with-confluent-health\/","name":"Livingstone advises Foothills Therapy Partners on new partnership with Confluent Health - Livingstone Partners","isPartOf":{"@id":"https:\/\/livingstonepartners.com\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/livingstonepartners.com\/en\/transaction\/livingstone-advises-foothills-therapy-partners-on-new-partnership-with-confluent-health\/#primaryimage"},"image":{"@id":"https:\/\/livingstonepartners.com\/en\/transaction\/livingstone-advises-foothills-therapy-partners-on-new-partnership-with-confluent-health\/#primaryimage"},"thumbnailUrl":"https:\/\/livingstonepartners.com\/wp-content\/uploads\/2026\/05\/c7cc377a.jpg","datePublished":"2021-12-02T04:00:00+00:00","dateModified":"2026-06-25T17:29:19+00:00","breadcrumb":{"@id":"https:\/\/livingstonepartners.com\/en\/transaction\/livingstone-advises-foothills-therapy-partners-on-new-partnership-with-confluent-health\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/livingstonepartners.com\/en\/transaction\/livingstone-advises-foothills-therapy-partners-on-new-partnership-with-confluent-health\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/livingstonepartners.com\/en\/transaction\/livingstone-advises-foothills-therapy-partners-on-new-partnership-with-confluent-health\/#primaryimage","url":"https:\/\/livingstonepartners.com\/wp-content\/uploads\/2026\/05\/c7cc377a.jpg","contentUrl":"https:\/\/livingstonepartners.com\/wp-content\/uploads\/2026\/05\/c7cc377a.jpg","width":550,"height":370},{"@type":"BreadcrumbList","@id":"https:\/\/livingstonepartners.com\/en\/transaction\/livingstone-advises-foothills-therapy-partners-on-new-partnership-with-confluent-health\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Homepage","item":"https:\/\/livingstonepartners.com\/en\/"},{"@type":"ListItem","position":2,"name":"Transactions","item":"https:\/\/livingstonepartners.com\/en\/transaction\/"},{"@type":"ListItem","position":3,"name":"Livingstone advises Foothills Therapy Partners on new partnership with Confluent Health"}]},{"@type":"WebSite","@id":"https:\/\/livingstonepartners.com\/en\/#website","url":"https:\/\/livingstonepartners.com\/en\/","name":"Livingstone Partners","description":"Deals Done Right.","publisher":{"@id":"https:\/\/livingstonepartners.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/livingstonepartners.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/livingstonepartners.com\/en\/#organization","name":"Livingstone Partners","url":"https:\/\/livingstonepartners.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/livingstonepartners.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/livingstonepartners.com\/wp-content\/uploads\/2026\/05\/logo_livingstone.svg","contentUrl":"https:\/\/livingstonepartners.com\/wp-content\/uploads\/2026\/05\/logo_livingstone.svg","caption":"Livingstone Partners"},"image":{"@id":"https:\/\/livingstonepartners.com\/en\/#\/schema\/logo\/image\/"}}]}},"_links":{"self":[{"href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/transaction\/9180","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/transaction"}],"about":[{"href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/types\/transaction"}],"version-history":[{"count":1,"href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/transaction\/9180\/revisions"}],"predecessor-version":[{"id":73219,"href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/transaction\/9180\/revisions\/73219"}],"acf:post":[{"embeddable":true,"href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/testimonial\/50897"},{"embeddable":true,"href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/transaction\/8273"},{"embeddable":true,"href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/transaction\/8465"},{"embeddable":true,"href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/transaction\/8806"},{"embeddable":true,"href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/transaction\/8870"},{"embeddable":true,"href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/team-member\/1106"},{"embeddable":true,"href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/team-member\/1205"},{"embeddable":true,"href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/team-member\/1190"}],"acf:term":[{"embeddable":true,"taxonomy":"sector","href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/sector\/673"},{"embeddable":true,"taxonomy":"sector","href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/sector\/636"},{"embeddable":true,"taxonomy":"service","href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/service\/434"},{"embeddable":true,"taxonomy":"region","href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/region\/376"},{"embeddable":true,"taxonomy":"transaction-type","href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/transaction-type\/1111"},{"embeddable":true,"taxonomy":"client-type","href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/client-type\/40"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/media\/3726"}],"wp:attachment":[{"href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/media?parent=9180"}],"wp:term":[{"taxonomy":"client-type","embeddable":true,"href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/client-type?post=9180"},{"taxonomy":"region","embeddable":true,"href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/region?post=9180"},{"taxonomy":"sector","embeddable":true,"href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/sector?post=9180"},{"taxonomy":"service","embeddable":true,"href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/service?post=9180"},{"taxonomy":"transaction-type","embeddable":true,"href":"https:\/\/livingstonepartners.com\/en\/wp-json\/wp\/v2\/transaction-type?post=9180"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}