“Expanding our footprint in New York City and Westchester, while entering Fairfield County, Connecticut is a tremendous benefit to our referral sources, patients, and employees.
Uniondale, NY and Greenwich, CT (PRWEB) August 01, 2015
Professional Orthopedic and Sports Physical Therapy (“Professional”), a Great Point Partners I, L.P. (“GPP”) portfolio company has acquired Premier Physical Therapy & Wellness (“Premier”) — with 13 locations in Manhattan, Westchester, and Connecticut — incorporating it into its portfolio of state-of-the-art clinics.
“Our acquisition of Premier Physical Therapy & Wellness solidifies Professional as the largest provider of outpatient physical therapy services in the Northeast,” said Adam Elberg, Professional’s Founding Partner, CEO, & President. “Expanding our footprint in New York City and Westchester, while entering Fairfield County, Connecticut is a tremendous benefit to our referral sources, patients, and employees. This is an exciting and transformative transaction for Professional.”
I’m thrilled to have Rob Panariello, Founding Partner and Chief Clinical Officer, lead our Clinical Excellence Department, as we spread our proven treatment methods across this new geographic area. The integration will be led by 30-year outpatient physical therapy veteran Don Demay, Senior VP of Operations, and Regional Vice Presidents, Tony D’Angelo (NYC) and Charlie Byrd (Westchester/Connecticut). We’re all looking forward to welcome Premier to the Professional Family.”
“Premier enjoyed growing into the second largest New York City-based provider of physical therapy,” said John J. Benke, Premier Owner. “My partners, Laura Benke and Joseph Tatta, and I recognized the current market of consolidation in healthcare and our need to join forces with Professional. Their best-in-class educational programs and family environment are second-to-none, which will enable our employees to thrive.”
As the largest outpatient physical therapy provider in the Northeast, Professional now offers added convenience by operating 57 clinics throughout Manhattan, Queens, Bronx, Brooklyn, Long Island, Westchester, Rockland, New Jersey, and Connecticut. Professional’s ability to execute on its strategic plan of successful growth provided by an exceptional staff of physical therapists that offer top-of-the-line treatment, meeting each patient’s needs, is extraordinary.
ABOUT PROFESSIONAL PHYSICAL THERAPY
Professional Orthopedic and Sports Physical Therapy (“Professional”), headquartered in Uniondale, New York, is a leading provider of physical therapy and rehabilitation services in the New York metropolitan area, New Jersey and Connecticut. Founded in 1998, Professional now operates 57 outpatient physical therapy centers: 12 located within Equinox Fitness Centers, four located in Blink facilities, one located in a STACK Velocity Sports Performance Center, and 40 standalone. The company’s outpatient physical therapy centers provide treatment to patients suffering from musculoskeletal impairments associated with accidents, sports injuries, and other medical conditions. Additionally, Professional operates a 20,000 square foot sports performance training facility in Garden City, New York.