Kelly Enhances Pediatric Therapy Services with Strategic Acquisition of Children's Therapy Center, Bolstering Market Leadership
Kelly (KELYA) has acquired Children's Therapy Center (CTC), a Minnesota-based provider of occupational, physical, and speech therapy for children. CTC will be integrated into Kelly Education's Pediatric Therapy Services (PTS) portfolio, expanding services to Minnesota school districts. The acquisition enhances Kelly's presence in the high-margin therapeutic services segment and offers therapists flexibility to practice in both clinical and school settings. CTC operates from Eagan and Apple Valley, MN, serving children from birth to eighteen years old. The acquisition terms were not disclosed.
Kelly (KELYA) ha acquisito Children's Therapy Center (CTC), un fornitore con sede in Minnesota che offre terapia occupazionale, fisica e del linguaggio per bambini. CTC sarà integrato nel portafoglio dei Servizi di Terapia Pediatrica (PTS) di Kelly Education, ampliando i servizi per i distretti scolastici del Minnesota. L'acquisizione potenzia la presenza di Kelly nel segmento dei servizi terapeutici ad alta marginalità e offre ai terapisti flessibilità per operare sia in contesti clinici che scolastici. CTC opera da Eagan e Apple Valley, MN, e serve bambini dalla nascita fino a diciotto anni. I dettagli dell'acquisizione non sono stati resi noti.
Kelly (KELYA) ha adquirido Children's Therapy Center (CTC), un proveedor con sede en Minnesota que ofrece terapia ocupacional, física y del habla para niños. CTC se integrará en el portafolio de los Servicios de Terapia Pediátrica (PTS) de Kelly Education, ampliando los servicios a los distritos escolares de Minnesota. La adquisición mejora la presencia de Kelly en el segmento de servicios terapéuticos de alto margen y ofrece a los terapeutas flexibilidad para practicar tanto en entornos clínicos como escolares. CTC opera desde Eagan y Apple Valley, MN, atendiendo a niños desde el nacimiento hasta los dieciocho años. Los términos de la adquisición no se han hecho públicos.
켈리 (KELYA)가 미네소타에 본사를 둔 아동 치료 센터(Children's Therapy Center (CTC))를 인수했습니다. CTC는 아동을 위한 작업 치료, 운동 치료 및 언어 치료를 제공하는 업체입니다. CTC는 켈리 교육의 소아 치료 서비스(PTS) 포트폴리오에 통합되어 미네소타의 학군에 서비스를 확대합니다. 이번 인수는 켈리의 고수익 치료 서비스 부문 내 입지를 강화하고 치료사들이 임상 및 학교 환경에서 모두 근무할 수 있는 유연성을 제공합니다. CTC는 미네소타주 이건과 애플밸리에서 운영되며, 출생부터 18세까지의 아동을 지원합니다. 인수 조건은 공개되지 않았습니다.
Kelly (KELYA) a acquis Children's Therapy Center (CTC), un fournisseur basé au Minnesota proposant des thérapies occupationnelles, physiques et orthophoniques pour les enfants. CTC sera intégré au portefeuille des Services de Thérapie Pédiatrique (PTS) de Kelly Education, élargissant ainsi les services aux districts scolaires du Minnesota. Cette acquisition renforce la présence de Kelly dans le secteur des services thérapeutiques à forte marge et offre aux thérapeutes la flexibilité de pratiquer à la fois dans des environnements cliniques et scolaires. CTC opère depuis Eagan et Apple Valley, MN, et sert des enfants de la naissance à dix-huit ans. Les modalités de l'acquisition n'ont pas été divulguées.
Kelly (KELYA) hat das Children's Therapy Center (CTC), einen Anbieter mit Sitz in Minnesota, der Ergotherapie, Physiotherapie und Sprachtherapie für Kinder anbietet, übernommen. CTC wird in das Portfolio der Pädiatrischen Therapiedienste (PTS) von Kelly Education integriert, wodurch die Dienstleistungen für die Schulbezirke in Minnesota erweitert werden. Die Übernahme stärkt Kellys Präsenz im margenstarken therapeutischen Dienstleistungssegment und bietet Therapeuten die Flexibilität, sowohl in klinischen als auch in schulischen Umgebungen tätig zu sein. CTC hat Standorte in Eagan und Apple Valley, MN, und betreut Kinder vom Säuglingsalter bis zum 18. Lebensjahr. Die Bedingungen der Übernahme wurden nicht bekannt gegeben.
- Expansion into high-margin therapeutic services segment
- Enhanced market presence in Minnesota through two locations
- Integration with existing Teachers On Call partnerships
- Increased operational scale through expanded therapist network
- Diversification of service delivery options (clinical and school settings)
- None.
Insights
This strategic acquisition strengthens Kelly's position in the growing pediatric therapy services market. The deal offers multiple synergistic benefits:
- Market expansion into Minnesota's education sector through existing Teachers On Call relationships
- Enhanced service flexibility allowing therapists to work in both clinical and school settings
- Improved therapist retention through expanded career opportunities
The pediatric therapy sector shows strong growth potential driven by increasing special education needs and regulatory requirements. While deal terms weren't disclosed, CTC's established presence in Minnesota, strong compliance framework and focus on professional development suggest a quality acquisition that should positively impact Kelly's healthcare division margins.
This acquisition strategically positions Kelly to capitalize on the growing special education needs in Minnesota's school districts. The integration of CTC into Kelly Education's PTS portfolio creates a comprehensive service offering that combines:
- Established relationships with Minnesota schools through Teachers On Call
- CTC's expertise in pediatric therapy
- Kelly's broader educational staffing infrastructure
The deal addresses the critical shortage of special education services in schools while creating a more attractive employment proposition for therapists. This vertical integration should drive both revenue growth and market share expansion in the education sector.
- Kelly's acquisition of Children's Therapy Center (CTC) further expands growth opportunities in the high-margin, high-demand therapeutic services segment.
- The integration of CTC into Kelly Education's Pediatric Therapy Services will bolster service delivery, offering Minnesota school districts access to comprehensive therapy solutions to address the increasing demand arising from student special education needs.
- The addition of CTC brings increased scale to the current network of licensed therapists, enabling flexible practice in clinics or schools.
TROY, Mich., Nov. 19, 2024 (GLOBE NEWSWIRE) -- Today, Kelly (Nasdaq: KELYA, KELYB) announced that it has acquired Children’s Therapy Center (CTC). Specializing in occupational, physical, and speech therapy for children from birth to eighteen, CTC operates from its headquarters in Eagan, MN, with an additional office in Apple Valley, MN. This acquisition will integrate CTC into Kelly Education’s Pediatric Therapy Services (PTS) portfolio. This provides opportunities for Minnesota school districts, including those who currently partner with Teachers On Call (TOC), a Kelly Education Company, to integrate PTS’s related therapy services to meet the growing demand of student special education needs. The terms of the acquisition were not disclosed.
“Children’s Therapy Center’s people-focused culture aligns well with Kelly’s values,” said Nicola Soares, president of Kelly Education. “CTC’s therapist-focused model emphasizes provider-child relationships and is dedicated to achieving positive outcomes for children. This expansion also enables us to bring value to the Center’s strong therapist retention practices by offering flexibility to practice in either school or clinical settings, underscoring our commitment to growth and comprehensive service delivery.”
CTC offers diverse interventions supported by continuous professional development for its therapists. Focused on delivering best-in-class service and ensuring the highest standards of care, CTC is committed to strong compliance, implementing robust processes to ensure adherence to federal, state, and local regulations.
"I am excited about the direction of this innovative adoption by Kelly Education’s PTS specialty brand, bringing together our unique strengths to advance holistic care for children,” said Sue Fuller, founder of Children's Therapy Center. “This collaboration represents a unified vision and offers a remarkable opportunity to transform how we deliver services, ensuring that every child receives the support necessary for their growth and well-being."
About Kelly
Kelly (Nasdaq: KELYA, KELYB) helps companies recruit and manage skilled workers and helps job seekers find great work. Since inventing the staffing industry in 1946, we have become experts in the many industries and local and global markets we serve. With a network of suppliers and partners, we connect job seekers around the world with meaningful work. Our suite of outsourcing and consulting services ensures companies have the people they need, when and where they are needed most. Headquartered in Troy, Michigan, we empower businesses and individuals to access limitless opportunities in industries such as science, engineering, technology, education, manufacturing, retail, finance, and energy. Visit kellyservices.com.
About Kelly Education
Kelly Education powers the future of learning through customized workforce solutions, including hiring and recruiting, business management, professional development, academic and social-emotional support across the full continuum of education––from PreK-12, special education, and therapeutic services to executive search and beyond. Kelly Education is a business of Kelly (Nasdaq: KELYA, KELYB), a global workforce solutions provider that connects businesses and individuals with limitless opportunities through meaningful work. Learn more at kellyeducation.com or connect with us on LinkedIn, Facebook, and X.
Forward-Looking Statements
This release contains statements that are forward looking in nature and, accordingly, are subject to risks and uncertainties. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about Kelly’s financial expectations, are forward-looking statements. Factors that could cause actual results to differ materially from those contained in this release include, but are not limited to, (i) changing market and economic conditions, (ii) disruption in the labor market and weakened demand for human capital resulting from technological advances, loss of large corporate customers and government contractor requirements, (iii) the impact of laws and regulations (including federal, state and international tax laws), (iv) unexpected changes in claim trends on workers’ compensation, unemployment, disability and medical benefit plans, (v) litigation and other legal liabilities (including tax liabilities) in excess of our estimates, (vi) our ability to achieve our business’s anticipated growth strategies, (vi) our future business development, results of operations and financial condition, (vii) damage to our brands, (viii) dependency on third parties for the execution of critical functions, (ix) conducting business in foreign countries, including foreign currency fluctuations, (x) availability of temporary workers with appropriate skills required by customers, (xi) cyberattacks or other breaches of network or information technology security, and (xii) other risks, uncertainties and factors discussed in this release and in the Company’s filings with the Securities and Exchange Commission. In some cases, forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. All information provided in this press release is as of the date of this press release and we undertake no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company’s expectations.
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Contact Information
| Media Contact: Danielle Nixon 816-737-8414 danielle.nixon@kellyservices.com | Analyst Contact: Scott Thomas (248) 251-7264 scott.thomas@kellyservices.com | |
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