PT Moniker Changes

New day, new name for a number of PT practices across the country.   Check out the changes: 

ATI’s now on the door of IDEAL Physical Therapy locations in Arizona and Texas.   That’s also true for Triumph Physical Therapy’s four Southeast PA clinics.   

Ivy Rehab recently announced a partnership with The Orthopedic Institute of NewJersey.   As new owners, Ivy will manage three of their NJ physical therapy locations.  

Maryland Physical Therapy is now part of Pivot Physical Therapy’s network of 120+ locations.  The Glen Burnie, MD excels in work injury rehabilitation.

Another Acquisition for Aris

With the backing of Great Point Partners, Aris Radiology recently made its third strategic acquisition. The national radiology provider acquired US Teleradiology (UST) with reading centers in Atlanta and Tampa.  With the UST acquisition, Aris staff radiologists number over 250 who service over 400 client sites in 30+ states.

Carl Kozlowski, Aris President and CEO will continue to lead the expanded firm.  UST CEO, Francis Ferraro will transition to Aris' leadership team.

"This acquisition solidifies Aris’ position as one of the premier national radiology providers and a leader in the consolidation of the radiology market.”    

~Rohan Saikia, Principal, Great Point Partners

>>Read more

PSA HC Reaches Deeper in West & TX

PSA Healthcare, a national provider of pediatric home care services recently acquired Colorado-based Professional Pediatric Home Care (PPHC) from Bow River Capital Partners. 

PPHC complements the focus of its new parent… providing home-based nursing and therapies for medically fragile and/or special needs children.  Atlanta-based PSA extended its geographic presence with PPHC's 3 Colorado locations as well as the Houston area locations of Reach Pediatric Therapy (part of PPHC).

Based on demand, PSA Healthcare has extended its services over the years to also include adult home care services.

>>Read more

Remote Behavioral Health Brings the Doctor Home

Telepsychiatry is the newest entry into remote telehealth offerings by American Well.

The company, focused on transforming healthcare delivery, addresses basic health issues as well as chronic conditions.  American Well already serves 50 million covered Americans through its Amwell video app or work with major health insurers.

Why the move into remote behavioral health services?  It's logical when you consider the numbers.  According to Dr. Zereana Jess-Huff, American Well VP of Behavioral Health:

"Every year one in four people will deal with a mental health disorder, yet less than half of these individuals will actually receive treatment... "

The service launched in selected states the week of September 12th with nationwide coverage expected in early 2017.

Read more about American Well's move into behavioral health. 

ADCS Acquisitions Crisscross US

Courtesy of rgbstock.com

It was a busy summer for Florida-based Advanced Dermatology and Cosmetic Surgery.  Over the last few months, the firm added seven practices to its base of over 150 locations.  Some acquisitions strengthened ADCS market coverage and others established a new geographic presence.

Recent acquisitions include:
Cambio Dermatology -Gulf Coast, FL
Capital Dermatology -Greater DC
Denver Skin Clinic 
Philadelphia Institute of Dermatology
Dermatology Clinic, P.C. -Colorado Spgs, CO
Practice of Dr. Stiegel; Practice of Dr. Martone -Greater Pittsburgh, PA   

Dermatology Associates Quick to Pick up 5

It didn't take Dermatology Associates long...  Soon after ABRY's May acquisition, the derm practice management organization scooped up 5 Texas practices.  With ABRY's backing, Dermatology Associates appears ready & able to continue its expansion beyond its current footprint (Texas, Kansas, Missouri).

Newly acquired practices include:

• Highland Dermatology - Dallas, TX
• Southwest Cosmetic Dermatology Associates - Fort Worth, TX
• Skin and Laser Surgery Associates - Pasadena, TX (Houston area)
• Medical Arts Dermatology -Corsicana & Waxahachie, TX (Dallas area)
• Powell Dermatology - Sugar Land, TX (Houston area)

>>Read More

Schweiger Derm Group Expands

On the heels of an April investment by LLR Partners, the Schweiger Dermatology Group continues its expansion.  In May, New York City Mohs surgeon and skin cancer expert David Kreigel, M.D. and his staff from the Manhattan Center for Dermatology joined the derm platform business.  

Dr. Eric Schweiger owns and operates over 20 locations in the greater New York area. The newest Schweiger location is on Long Island with the acquisition of Dr. Frank Demento's practice mid-June. Schweiger Dermatology Group providers offer advanced treatments and accommodations for all medical dermatology concerns with a focus on customer service. >>Read more about the recent practice acquisitions of Dr. Kriegel and Dr. Demento.

Related:
Derm Platform Secures Funds to Grow

ATI Hits 150 in Illinois

ATI Physical Therapy added more Illinois locations recently with the acquisition of Atlas Physical Therapy and Sports Medicine Centers.  The early June acquisition includes four clinics in Chicago's western suburbs - not far from the ATI corporate office in Bolingbrook, IL.   ATI's Illinois total is now 150 with another company office set to open June 20 - also in the western suburbs.  >>Read more

"We are excited about our partnership with ATI and believe it will provide our organization with valuable resources, which will help us continue to provide the highest quality of care for patients throughout our communities..."

~Charles Clark, Atlas Director

                                                                        

ATI's Red Letter Occasion

With the acquisition of two physical therapy practices, Chicago-area based ATI Physical Therapy adds locations in 6 states.  From the heartland, Community Rehab Physical Therapy (Omaha-area HQ) and its 12 clinics now go under the ATI banner.  With the addition of California-based Adient Physical Therapy, ATI extends its reach deeper in the western U.S.  Adient's 7 clinics are located in Alaska, Arizona, Oregon and California.  

Dylan Bates, CEO of ATI Physical Therapy noted: 

"The addition of these two organizations is a red-letter occasion for ATI - strengthening our position in the Midwest and greatly expanding our services in the West..."

>>Read more

Epic Adds Care Resources to Contiuum of Care

Care Resources, a provider of pediatric therapy and early intervention services since 1984, is now part of Epic Health Services.  The acquisition of Care Resources will strengthen Epic’s current lines of home services: pediatric skilled nursing, therapy, developmental services and home medical solutions.  Epic, a Webster Capital portfolio company, also provides adult services.  

Care Resources will be re-branded to Epic Developmental Services.  Currently, Epic operates in 17 states across the U.S.  >>Read more

BenchMark Goes West

BenchMark Rehab Partners, a major player in the physical therapy arena, went west again to partner with an Oregon-based practice.  Capital Physical & Hand Therapy Partners operating in the Salem, OR area is now under the BenchMark banner.

Capital Therapy, first opened in 1988, expanding its footprint through the years to six locations. Tom Williams, a co-founder, looks forward to the benefits of a BenchMark partnership:

"...We know that the expertise that BenchMark brings will allow us to further enhance our focus on outstanding patient care as well as support our vision to expand in Oregon."  

In December, 2015, BenchMark partnered with Grants Pass, OR-based Impact Physical Therapy.