Great Point Partners Backed Spine & Sport Physical Therapy Appoints Adam Elberg as Chairman of the Board of Directors
Great Point Partners Backed Spine & Sport Physical Therapy Appoints Adam Elberg as Chairman of the Board of Directors
GREENWICH, Conn. and SAN DIEGO, Calif., Sept. 23, 2019 /PRNewswire-PRWeb/ -- Great Point Partners' portfolio company Spine & Sport Physical Therapy ("Spine & Sport"), a leading provider of physical therapy and rehabilitation services in the San Diego metropolitan area, announced today the appointment of Adam Elberg as Chairman of the Board of Directors effective immediately. Mr. Elberg brings nearly 30 years of relevant industry experience to this new role having previously co-founded Professional Physical Therapy, an outpatient physical therapy provider based in the Northeast, where he grew the business to over 150 locations spanning five states.
"We welcome Adam's experience and leadership to Spine & Sport," said Adam Dolder, Managing Director at Great Point Partners. "Adam's expertise, industry relationships and vision make him well-equipped to provide guidance that will accelerate the Company's growth trajectory as he did at Professional Physical Therapy, a previous Great Point Partners investment. We are delighted to find someone with his passion and track record to join and lead the Board of Directors."
"We are pleased to have someone with Adam's accomplishments join our Board," said Mark Mathiesen, CEO of Spine & Sport. "Adam has executed the same strategy we continue to strive for everyday and will help us think through payor relationships, acquisitions and other obstacles as we continue to scale during our partnership with Great Point Partners."
"I am excited to join Spine & Sport as Chairman, where we will continue to provide highest quality of care, exceptional customer experiences and increased brand awareness throughout California," said Mr. Elberg. "Given my prior experience, I personally know the roadmap to help Spine & Sport become one of the largest providers in Southern California and look forward to helping navigate the accelerated growth strategy."
About Great Point Partners
Great Point Partners ("GPP"), founded in 2003 and based in Greenwich, CT, is a leading health care investment firm, currently with approximately $1.8 billion of equity capital currently under management and 28 professionals, investing in the United States, Canada, and Western Europe. GPP is currently making new private equity investments from GPP III. Great Point manages capital in private (GPP I, $156 million and GPP II, $215 million of committed capital, and GPP III which has $306 million in committed capital) and public (BioMedical Value Fund family, approximately $1.2 billion) equity funds. Great Point Partners has provided growth equity, growth recapitalization, and management buyout financing to more than 100 growing health care companies. The private equity funds invest across all sectors of the health care industry with particular emphasis on biopharmaceutical services and supplies, outsourcing and alternate site care, pharmaceutical infrastructure and information technology enabled businesses. The firm pursues a proactive and proprietary approach to sourcing investments and tuck-in acquisitions for its portfolio companies. Reach Great Point at 203-971-3300 or http://www.gppfunds.com.
About Spine & Sport Physical Therapy
Spine & Sport Physical Therapy ("Spine & Sport"), headquartered in San Diego, CA is a leading provider of physical therapy and rehabilitation services in the San Diego metropolitan area. Spine & Sport was founded in 1999 and is currently operated by three entrepreneurs with significant experience in the outpatient multi-site healthcare space. The Company operates 22 owned outpatient physical therapy clinics as well as managing five additional locations in Northern California. The Company's outpatient clinics provide treatment to patients suffering from musculoskeletal impairments associated with accidents, sports injuries, surgeries, and various other medical conditions. Spine & Sport's rehabilitation programs and services help patients minimize physical and cognitive impairments and maximize functional ability so that they can return to competition, the workplace and / or their normal lifestyle. Reach Spine & Sport at 800-976-7544 or http://www.spineandsport.com/
SOURCE Great Point Partners
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