ATI Bridges East & Midwest with Acquisition

The Motion Hand & Physical Therapy moniker changed on October 1 with its acquisition by ATI Physical Therapy.  The 10-clinic practice increases ATI’s office count to 190 and extends their coverage into Ohio.

“We are especially excited about our expansion into Ohio as it will bridge the geographical gap between our Midwest and East Coast divisions.” according to Greg Steil, ATI CEO.

More Health Care Deals Expected

Unless you've been under a rock, you know that the Supreme Court upheld the Affordable Care Act in late June.  Analysts expect the ruling to spur consolidation of health care companies looking to cash in on an increase in Medicaid enrollment.  Wellpoint led the way with its $4.9B acquisition of Amerigroup. Antoine Gara's article (Health Care:  Obamacare M&A Trumps Weak Earnings Outlook) suggests Humana, Cigna, Aetna and UnitedHealth could follow suit.  Recent comments regarding Centene may have elevated it to the takeover target frontrunner.  

Physical Therapy News...

Drayer Physical Therapy Institute                 Gets New Owner 

GS Capital Partners acquired Drayer, a leading care provider in the outpatient rehabilitation market, from Linden Capital Partners.

Based in Hummelstown, PA, Drayer owns or manages 80+ clinics that primarily treat sports-related injuries and orthopedic disorders.  Clinics, located across 14 states, are in the Northeast, Mid-Atlantic, Southeast and Northwest U.S.  With its new partner, Drayer's management will continue to focus on company growth, their patient-first culture and commitment to employees.