Healthcare Staffing Report: May 12, 2022

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Kelly acquires Pediatric Therapeutic Services

Kelly Services Inc. (NASDAQ: KELYA, KELYB) acquired Pediatric Therapeutic Services, a firm that provides state and federally mandated in-school therapy services such as occupational therapy, physical therapy, speech-language pathology, and mental and behavioral health services.

PTS is headquartered in Conshohocken, Pennsylvania, and supports schools throughout Pennsylvania and Delaware. PTS will continue operating under its own brand as part of Kelly Education.

“Earlier this year, we said we would use proceeds from our APAC transactions to accelerate inorganic specialty growth, and that is precisely what we are doing with this latest acquisition,” Kelly President and CEO Peter Quigley said. “PTS gives Kelly an entry point into the fast-growing therapeutic services market, a specialty domain where we didn’t have a presence and where our education clients are clearly in need of support.”

PTS was founded by Diana Fongheiser and Pam Hackett in 1998.

“From the start, it was clear that Kelly shared our values and priorities when it comes to caring for the whole child," Hackett said.

Terms of the deal were not announced.