Alliance Physical Therapy On the Move

Alliance Network Footprint

With the backing of GPB Capital Holdings, Alliance Physical Therapy Partners completed the acquisition of Agility Health earlier this year.   Now Tampa-based Alliance is readying for a move to Grand Rapids, MI - to the former Agility headquarter location.   But, that's not all.  Alliance has plans for a move into a number of new markets across the U.S. ...adding to its current footprint.  Stay tuned.

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.

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

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).

ATI Adds NE to Footprint

Two successful Massachusetts PT practices recently joined the growing ATI family.  The nationwide rehabilitation provider announced the acquisition of Sports & Physical Therapy Associates (SPTA) and Attain Therapy + Fitness in early December.  ATI, now boasts over 500 locations and offers "Bay State" patients over 30 rehab locations.  >>Read more

BenchMark Rehab Partners with Marino

Marino Therapy Centers, the well-established greater Knoxville, TN practice founded by Mary Jo Marino now resides under the BenchMark umbrella.   Marino's three locations will take on the BenchMark name as a result of the recent partnership.


Both companies have worked side by side in the Knoxville area for 20+ years sharing a focus on quality patient care and each enjoying a strong company culture.   With the mid-September  announcement, Benchmark's Sr. VP of Operations, David Myers, noted... 

"We will leverage our collective genius, learn from each other, and become stronger for it."

And Then There Were Two...

The Chicago metro area is home to roughly 9.5 million people who deal with their share of weekend warrior pains, weather aches or chronic health issues.  Fortunately, there’s an abundance of physical therapists and clinics to address such health concerns.  Interestingly, three of the country’s largest PT platforms also call Chicago home – Athletico, Accelerated and ATI.  While each platform is well entrenched in the area, they have all successfully expanded their footprint beyond the Windy City.

Recent news comes that Athletico and Accelerated Rehabilitation Centers are combining efforts...  An enhanced service level to patients is expected along with a bump up in status among the industy’s top companies.  The larger organization will be led by Mark Kaufman from the Oak Brook, IL headquarters.  >>Read more

Professional Pleased with Gold Coast PT

Is Adam Elberg from Professional Orthopedic and Sports Physical Therapy happy?  More than that… 

"We're thrilled to welcome Gold Coast to the Professional family," said Elberg, CEO of the leading provider of rehabilitation services in the New York metro area.    

With the acquisition, Professional brings four Long Island clinics under the firm's well-established umbrella.  Key Gold Coast personnel will also come on as partners.  Professional, founded in 1998, increases it outpatient clinic total to 27.   >>Read more

ATI Sails into the Southeast

ATI, one of the country's leading physical rehabilitation companies, again moved outside its Midwest base.  The recent acquisition of North River Physical Therapy extends its coverage into the Southeast US.  ATI brings on board eight Chattanooga, TN-area locations which includes a northern Georgia location.  According to ATI, Senior VP, Jason Hafner, the former owners of North River will stay on and continue "steering the ship…"

With the North River acquisition, ATI tops 275 locations in ten states.   It is the largest operator of comprehensive outpatient orthopedic rehabilitation clinics unified under one name. >>Read more