GPB Capital Affiliate Taps Healthcare Industry Veteran Who Specializes in Optimizing Finances & Operations for National Brands
New York – September 27, 2017 – Alliance Physical Therapy Partners (“Alliance PT”), an affiliate of GPB Capital, has appointed Mark Andrzejewski as its Chief Executive Officer. Mr. Andrzejewski has more than 10 years of experience working with national and multi-location healthcare providers to streamline their operations and achieve their objectives for growth and profitability.
“Mark brings an impressive track record of combining strong leadership with sound financial management to help organizations run their businesses more efficiently, grow revenue, and expand their footprints,” said Dotty Bollinger, Managing Partner at GPB Capital responsible for its Healthcare Strategy. “His hands-on approach will be valuable as we continue to partner with successful physical therapy practices and other healthcare providers to deliver cutting-edge medical treatment directly to consumers across the country.”
Alliance PT offers professional, administrative, and financial support to physical therapy practices in which GPB Capital holds majority ownership stakes. The team at Alliance PT has a great deal of experience building businesses and possesses expertise in a variety of areas such as physical therapy practice acquisitions, compliance, technology, recruitment, strategic growth, and direct-to-consumer marketing. Alliance PT’s managed payroll, workers’ compensation, benefits, marketing, and recruitment services, as well as its assistance with large-scale reimbursement negotiations with payers, enable practice owners to maintain their independence while making their businesses more efficient and profitable.
Mr. Andrzejewski joins Alliance PT from Minimally Invasive Surgical Institute, where, as President and Chief Operations Officer, he instituted policies to create efficiencies and reduce internal costs. Earlier in his career, he worked for Laser Spine Institute as Chief Financial Officer and Corporate Board Secretary for eight years. Mr. Andrzejewski was a key member of the executive team, led by Ms. Bollinger, which spearheaded Laser Spine Institute’s scalable, organic growth into a brand with a national footprint. He also served as Corporate Controller at Consolidated Bedding, Inc. and as a Senior Accountant at PricewaterhouseCoopers. Mr. Andrzejewski participated as a Board Member of the Greater Tampa Chamber of Commerce and was named a 2014 CFO of the Year Finalist by Tampa Bay Business Journal.
“Thanks to the innovative arrangement offered by GPB Capital, smaller physical therapy clinics don’t have to go it alone—our team can work closely with the owners of these businesses to expand their market share, and bring advanced physical therapy treatments to more patients,” said Mr. Andrzejewski. “Joining Alliance Physical Therapy Partners provides the opportunity to empower independent practitioners to thrive at a time when the need for their services is rapidly growing, especially among the aging Baby Boomer population.”
GPB Capital, through Alliance PT, recently established its presence in the healthcare industry by acquiring majority ownership stakes in four physical therapy center operators: Arrow Physical Therapy & Rehabilitation, Back in Motion, Rehab Access, and Whatcom Physical Therapy. Alliance PT is working closely with the management teams of all four businesses so they can maintain their autonomy while pursuing the next phase of growth and profitability.
About GPB Capital Holdings, LLC
GPB Capital is a New York-based alternative asset management firm focusing on acquiring income-producing private companies. GPB Capital provides their portfolio companies with the strategic planning, managerial insight, and capital needed to enable strong businesses to achieve the next level of growth and profitability. GPB Capital has over $1.2 billion in assets under management[i] and has acquired or invested in more than 100 portfolio companies. For more information, please visit www.gpb-cap.com.
[i] Which is different and distinct from GPB Capital’s “Regulatory AUM.”