Arete Health, LLC (“Arete Health” or the “Company”), a new portfolio company formed by MBF Healthcare Partners II L.P. (“MBF”) and Eric DeYoung, is pleased to announce the acquisitions of Carolina Rehabilitation, Inc. dba Brunswick Physical Therapy and Southern Maryland Physical Therapy, LLC dba ProFlex Physical Therapy.

These acquisitions establish Arete Health as a growing multi-state outpatient physical therapy platform dedicated to delivering exceptional clinical care and improving access to rehabilitation services across the mid-Atlantic and southeastern United States. The Company now operates 11 clinics across North Carolina, Maryland, and Virginia, serving thousands of patients annually and creating a scalable foundation for continued growth through both de novo development and strategic partnerships with high-quality physical therapy providers and practices. The Company intends to expand its footprint while maintaining a strong focus on clinical integrity, employee engagement, and patient satisfaction.

“Arete Health is deeply committed to advancing the quality of care, patient access, and clinical outcomes in physical therapy, while leveraging technology to drive a more innovative platform for the future of PT,” said Eric DeYoung, CEO of Arete Health. “By partnering with outstanding local providers like Brunswick Physical Therapy and ProFlex Physical Therapy, we are building a patient-centered practice that values clinical leadership, operational excellence, and community trust.”

MBF Healthcare Partners brings extensive expertise in scaling healthcare companies and will support Arete Health with strategic growth initiatives, operational resources, and capital for continued expansion.

“We are excited to partner with Eric and support his vision of building an innovative, forward-leaning outpatient physical therapy company,” said Miguel (“Mike”) B. Fernandez, Chairman of MBF Healthcare Partners. “The acquisitions of Brunswick Physical Therapy and ProFlex Physical Therapy reflect our shared commitment to investing in organizations that deliver high-quality care and meaningful outcomes for patients.”

About Arete Health

Arete Health is an outpatient physical therapy company dedicated to improving the quality of life for patients, clinicians, and communities. With a clinician-led model and a focus on continuous improvement, Arete Health delivers patient-centered care that prioritizes outcomes, access, and experience. For more information, please visit www.aretehealthpt.com.

About MBF Healthcare Partners

MBF Healthcare Partners II, L.P. is a leading middle market healthcare private equity fund based in Coral Gables, Florida. MBF partners with exceptional management teams while leveraging MBF’s operating experience, domain segment knowledge, and tenured relationships to rapidly accelerate value creation. The partners of MBF have substantial operating experience in healthcare and have held senior management positions in both private and publicly traded healthcare companies. For more information, please visit www.mbfhp.com.

To learn more about Arete Health: https://www.aretehealthpt.com/contact

View source version on businesswire.com: https://www.businesswire.com/news/home/20250909987644/en/

Arete Health, a New Portfolio Company Formed by MBF Healthcare Partners and Eric DeYoung, Establishes Multi-State Outpatient Physical Therapy Platform and Announces Two Acquisitions