Great Point Partners Backed Spine & Sport Physical Therapy Appoints Rick Katz as Vice President of Business Development
Great Point Partners today announced that Spine & Sport Physical Therapy has appointed Rick Katz as Vice President of Business Development.
GREENWICH, Conn. and SAN DIEGO, July 7, 2020 /PRNewswire-PRWeb/ -- Great Point Partners ("GPP") today announced that the Spine & Sport Physical Therapy, a GPP II portfolio company, Board of Directors has appointed Rick Katz as Vice President of Business Development.
"After a comprehensive search process, the board is pleased to have found the best individual to assume this leadership role for the organization," said Adam Elberg, chairman of the Spine & Sport board of directors, "One thing that I always wished we had during my time as CEO at Professional Physical Therapy, was an experienced clinician who has deep expertise in the government affairs of our profession. With Rick's background as President of the California Physical Therapy Association, we have achieved this goal."
Mark Mathiesen, CEO at Spine & Sport said "We are very excited to have Rick join us. He will be instrumental in expanding the Spine & Sport brand of high-quality and cost-effective care across California."
Katz has close to 40 years of experience in the physical therapy industry and previously founded Adient Physical Therapy, which he grew to seven locations in the Western US, before he exited to ATI Physical Therapy in 2016. Most recently, Katz serves as the President of the California Physical Therapy Association. Additionally, he serves as an instructor in the physical therapy program at California State University, Northridge. Finally, he oversaw Operations and Payer Contracting for ATI, responsible for developing payer relationships Nationally (specialized in AK, OR and CA). He has used his clinician experience, general management, and payer relationships to drive efficiency in many physical therapy locations and has demonstrated a clear focus on disciplined implementation and performance metrics. Katz earned his bachelor's and master's degrees in health science and exercise physiology from California State University, Northridge and UCLA and his Doctor of Physical Therapy degree from E.I.M Institute of Health in Louisville Kentucky.
"In my 30 years in the physical therapy industry, I have never been more excited to join an organization like Spine & Sport," said Katz "The leadership team shares my passion for education, clinical excellence and advocacy for physical therapy standards across the state of California. I am excited to work closely with Mike Biggs to develop deeper relationships with doctors and different providers in the California market."
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 $2.0 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 $1.5 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 emphasis on biopharmaceutical services and supplies, medical device and alternate site care, 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. 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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