King of Prussia-based InHome Therapy raised $5.1 million in its latest private stock sale, bringing the total raised funds to around $20 million since its inception in 2021, writes John George for the Philadelphia Business Journal.

According to Matt Murphy, the company’s CEO, “long-standing” investors New Spring Capital and TT Capital Partners led the Series B round.

“We’ve made six acquisitions over the past three years and this funding will allow us to complete the integration of those companies,” said Murphy. “Then we will be ready to go back out and make more [deals].”

The company that specializes in house calls to homebound patients who need physical, occupational, and speech therapy has so far established itself in five states, including Pennsylvania, Illinois, Florida, Texas, and Indiana.

Most recently, InHome Therapy acquired Libertas Rehab in Corpus Christi, Texas. The 2022 deal added around 200 therapists to the company’s roster.

The company now plans on building density in its core markets which include Philadelphia and Chicago, among others.

InHome Therapy will also use the latest influx of capital to continue investing in the technology used by its therapists.

Read more about InHome Therapy in the Philadelphia Business Journal.

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