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.

Will One Less Matter?

The "One" refers to Physiotherapy Associates, a major player in the outpatient physical therapy world - now part of Select Medical Corporation, an even larger player.  The recent acquisition increases Select's U.S. rehab dominance to 1500+ facilities.  Even with one less buyer, PT acquisition activity is strong.  Strategic buyers and investors remain on the look out for profitable PT practices in key markets - pediatric as well as adult physical therapy.

Advent International's recent investment announcement ensures ATI Physical Therapy of the resources to drive continued growth and accelerate their expansion into new regions and markets.  

But, there's more...Urgent care continues to get its share of attention from prospective buyers.  Over the past few years, healthcare systems have stepped up as buyers or joint venture partners.  Bruce Japsen, a Motley Fool columnist and business writer assesses the value of urgent care this way: "...a game-changer for the healthcare industry -- more and more Americans are gaining healthcare, and urgent care centers are helping save employers and insurers money..."
 
The fragmented dermatology sector has its suitors as well... with platform practices making acquisitions to strengthen an existing region or break into a new one.  The same holds true for multi-specialty practices. 

And, by the way... for practice owners considering a sale... We're happy to help find you a buyer (610-527-8400).

Conquering the No Show Dilemma

Athenahealth is a recognizable enough name in healthcare IT.  As a reminder…their focus is providing cloud-based services to healthcare providers…think EMR's (electronic medical records).  Anyway, by leveraging a product from their latest company acquisition (Arsenal Health), more efficient practice management is expected. How so?  With the capability to anticipate which patients will "cancel" appointments or "no show", overall wait times will be reduced. Thanks predictive analytics!  It's a Win-Win for patients and providers! 
 >>Read more of the nitty gritty here

Derm Platform Secures Funds to Grow

New York-based Schweiger Dermatology Group is sitting pretty with $35 million in new private equity financing led by LLR Partners.  Founded in 2010, the practice has 20 offices throughout the New York metro area and looks to increase its presence organically and/or through acquisitions.  Headed by Founder and CEO Dr. Eric Schwieger, the platform practice provides medical, cosmetic and surgical dermatology services to over 150,000 patients annually.   >>Read more