Category

Press Releases

Aug 09
1

Advent Physical Therapy Announces New Clinic in Ada, Michigan

By | Press Releases

Grand Rapids, MI – August 9, 2019 – Advent Physical Therapy (AdventPT.com), a service of Mercy Health and Alliance Physical Therapy Partners, is pleased to announce the opening of their new outpatient rehabilitation clinic in Ada, Michigan. The new location is part of several health provider groups and services, bringing quality care and convenience to the West Michigan community. The 2,000 square foot facility is in the Ada Hill Side Shopping Center, across from Vitale’s and next to the Ada Pour House, and includes a large rehabilitation space with upgraded therapeutic equipment for patients. The clinic offers complimentary pain consultations with immediate availability and same day or next day appointments for patients.

“Alliance Physical Therapy Partners is delighted to open our fourteenth clinic through our Advent venture with Mercy Health Saint Mary’s,” said Patrick Slotman, Regional Director for Alliance Physical Therapy Partners. “The new clinic is opening in response to a high demand from patients and physicians for our outstanding patient service and exceptional clinical outcomes.”

With the new space, Advent PT has also added new Physical Therapists to the practice with special expertise to treat women and men with issues of the bladder and bowel as well as pelvic pain for better function in the bathroom, bedroom, and everywhere. They love providing support for healthy, joyful pregnancies as well as postpartum recovery.  Caroline Kiley PT, DPT has been named the new Clinic Director and brings many years of experience in orthopedic and outpatient care. Caroline received her Doctorate in Physical Therapy from Regis University after starting her career as a massage therapist and deep tissue instructor. She decided to pursue a career as a Physical Therapist because she enjoys helping people improve and recover from injuries. She says, “It’s always great working with patients to help get them better than they were before injury.” Additionally, Advent has added Amanda Ahmeti PT, DPT to the new clinic. Amanda has over ten years of experience as a Physical Therapist and has worked in a wide range of PT settings. Amanda says that she is, “excited to provide PT services in my backyard and to help patients reach their goals and enhance their quality of life.”

With the addition of the Ada location, Advent now operates 14 convenient outpatient clinics near you in the Greater Grand Rapids area.

 

About Alliance Physical Therapy Partners LLC

Alliance Physical Therapy Partners is an affiliate of GPB Capital focused on acquiring private physical therapy practices across the U.S. to provide practice owners the opportunity to expand their footprint while receiving operational guidance and financial support. The Alliance Physical Therapy Partners team includes former private practice owners, direct marketing professionals and operations experts who have experience running and growing successful healthcare organizations. For more information, visit www.allianceptp.com.

Jun 05
1

Back in Motion Announces Clinic Move To Serve Newport, Maine

By | Press Releases

Newport, ME – June 5, 2019 – Back in Motion Physical Therapy (MainePhysicalTherapy.com), a leading provider of physical therapy that benefits patients and healthcare providers, is pleased to announce that it has moved to a new outpatient rehabilitation clinic in Newport, Maine. Due to the convenient location, large rehabilitation space, and upgraded therapeutic equipment, the Newport clinic is anticipated to be one of Back in Motion’s busiest locations. The clinic offers complimentary pain consultations with immediate availability and same day or next day appointments for patients.

“Back in Motion is delighted to offer our patients a brand-new clinic with upgraded equipment,” said Michel Brunet, Back in Motion’s Co-Founder. “The new clinic is opening in response to a high demand from patients and physicians for our outstanding patient service and exceptional clinical outcomes.”

With the new space, Back in Motion has also added two new Physical Therapists to the practice. Simon Sjostedt, DPT has been named the new Clinic Director and brings many years of experience in orthopedic outpatient care. Simon received his Doctorate in Physical Therapy from Husson University and has completed various trainings in strain and counterstrain techniques. He decided to pursue a career as a Physical Therapist because he enjoys helping people improve and recover from injuries. He says, “It’s always great working with patients to help get them better than they were before injury.” Additionally, Back in Motion has added Debbie Six, PT to the practice. Debbie received her Bachelor of Science from the University of New England and has pursued continuing education courses in craniosacral integration for spinal pain, kinesiotaping, and women’s health. She is also a licensed massage therapist. Debbie says that she is “excited to provide PT services in my backyard and to help patients reach their goals and enhance their quality of life.”

The new clinic is in the Triangle Plaza at Four Main Street Newport, Maine, right off I-95, filling a geographical gap in the greater Bangor service area. Join the Back in Motion team for an open house of the new space on July 10th from 4-6pm for fun activities, staff meet and greet and an ice cream sundae bar!

Including the move to the Newport location, Back in Motion operates five outpatient clinics in partnership with Alliance Physical Therapy Partners.

 

About Alliance Physical Therapy Partners LLC

Alliance Physical Therapy Partners is an affiliate of GPB Capital focused on acquiring private physical therapy practices across the U.S. to provide practice owners the opportunity to expand their footprint while receiving operational guidance and financial support. The Alliance Physical Therapy Partners team includes former private practice owners, direct marketing professionals and operations experts who have experience running and growing successful healthcare organizations. For more information, visit www.allianceptp.com.

Sep 06
1

Alliance PT Practice Doctor Named NSCA’s Sports Medicine/Rehabilitation Specialist of the Year

By | Press Releases

Dr. Daniel Lorenz, Director of Physical Therapy for Kansas City’s Specialists in Sports and Orthopedic Rehabilitation (SSOR), Honored for Contributions to His Field and Community

 

Grand Rapids, MI – September 6, 2018 – Alliance Physical Therapy Partners (“Alliance PT”), an affiliate of GPB Capital, proudly congratulates Dr. Daniel Lorenz, Director and co-owner of Specialists in Sports and Orthopedic Rehabilitation (“SSOR”), on being honored by the National Strength and Conditioning Association (“NSCA”) as the organization’s Sports Medicine/Rehabilitation Specialist of the Year for 2018.

 

“As a physical therapy clinician myself, I congratulate Dr. Daniel Lorenz on achieving this prestigious award,” said Richard Leaver, COO of Alliance Physical Therapy Partners. “His commitment to working with patients and helping them achieve optimal athletic performance while also educating other practitioners about innovative methods and treatments for helping athletes recover from injuries makes him a national leader in the field of clinical excellence. He is a credit to his patients and his community, as well as Alliance PT as a whole.”

 

Dr. Lorenz is the 17th physical therapy practitioner to receive this accolade. Winners are selected by the NSCA’s Sports Medicine/Rehabilitation Special Interest Group based on contributions to their communities, and to the field of sports medicine/rehabilitation for athletes.

 

Prior to establishing SSOR (https://ssorkc.com/), an Overland Park, KS-based outpatient physical therapy practice and Alliance PT partner, Dr. Lorenz was Director of Rehabilitation and an assistant athletic trainer for the Kansas City Chiefs. He also completed the Duke University Sports Physical Therapy Fellowship and an internship with the Chicago White Sox. Dr. Lorenz is currently Chair of the Sports Performance Enhancement Special Interest Group for the Sports Section of the American Physical Therapy Association (“APTA”). In May 2018, he served on the medical staff for the USA Weightlifting Nationals held in Kansas City.

 

Dr. Lorenz has frequently presented at local, state, and national conferences on sports and orthopedic physical therapy and athletic performance. He received the NSCA’s Editorial Excellence Award for his work with the Strength and Conditioning Journal. Dr. Lorenz’s other awards include the APTA Sports Physical Therapy Section’s inaugural Presidential Award for the Special Interest Group Chair of the Year in 2014, and the inaugural Distinguished Physical Therapy Alumni Award from his alma mater, Grand Valley State University, that same year.

 

In addition, Dr. Lorenz established the ASPIRE Foundation, a 501(c)(3) non-profit organization dedicated to helping young athletes, coaches, and parents avoid injuries. He is an active member of the Church of the Ascension in Overland Park, where he is part of the Knights of Columbus and has served as a catechist.

 

About Alliance Physical Therapy Partners LLC

Alliance Physical Therapy Partners is an affiliate of GPB Capital focused on acquiring private physical therapy practices across the U.S. to provide practice owners the opportunity to expand their footprint while receiving operational guidance and financial support. The Alliance Physical Therapy Partners team includes former private practice owners, direct marketing professionals and operations experts who have experience running and growing successful healthcare organizations. For more information, visit www.allianceptp.com.

 

Media Contact:

Dana Taormina

JConnelly

973.850.7305

dtaormina@jconnelly.com

Aug 09
0

Alliance PT Rebrands Two Practices as Armor PT, a Strong Group of Physical Therapy Practices in Western Michigan

By | Press Releases

GPB Capital Affiliate Forms Armor PT, Providing Rehabilitation and Sports Performance Treatments in Five Western Michigan Locations, as Part of Ongoing Commitment to High-Quality Patient Care 

Grand Rapids, MI – August 9, 2018 – Alliance Physical Therapy Partners (“Alliance PT”), an affiliate of GPB Capital, has merged Agility Health Physical Therapy and Agility Physical Therapy & Sports Performance to form Armor Physical Therapy (“Armor PT”), a streamlined provider of orthopedic and sports physical therapy to patients at five locations across western Michigan.

The merger and rebranding will maintain the same standard of care and service that patients have come to expect from their therapists. Billing and the handling of medical records will also remain consistent.

“We look forward to continuing to provide innovative physical therapy treatments that help our patients get back in motion,” said Scott Miller, Director of Clinical Operations at Armor Physical Therapy’s Kalamazoo, Mattawan, and Portage Locations. “Successful recovery and healthier quality of life for our patients remain our top priorities, and we appreciate the ongoing trust our patients have placed in our team.”

Armor PT operates three physical therapy clinics focusing on sports performance, located in Kalamazoo, Mattawan, and Portage, as well as two treatment facilities offering orthopedic rehabilitation and post-surgical care in Battle Creek and Plainwell. More details about care and service, how to schedule appointments, as well as educational materials about a variety of physical therapy and health/wellness topics, are available at https://armorpt.com.

Following the acquisition of the U.S. operations of Agility Health, Inc. (TSVX: AHI) in February 2018, Alliance PT became the seventh-largest physical therapy provider in the country, with more than 60 locations nationwide.

“We consistently seek to help the physical therapy practices we partner with to streamline operations, and optimize patient care and practice management,” said Mark Andrzejewski, CEO of Alliance Physical Therapy Partners. “In keeping with our strategy to maintain individually branded clinics in each market where we operate, we have taken action to prevent any confusion in western Michigan with the acquired Agility Health name—and ensure that patients throughout the region can continue to receive high-quality, personalized care from dedicated practitioners at Armor Physical Therapy.”

About Alliance Physical Therapy Partners LLC
Alliance Physical Therapy Partners is an affiliate of GPB Capital focused on acquiring private physical therapy practices across the U.S. to provide practice owners the opportunity to expand their footprint while receiving operational guidance and financial support. The Alliance Physical Therapy Partners team includes former private practice owners, direct marketing professionals and operations experts who have experience running and growing successful healthcare organizations. For more information, visit www.allianceptp.com.

About GPB Capital Holdings, LLC
GPB Capital is a New York-based alternative asset management firm focused on acquiring or investing in income-producing companies and assets. GPB Capital seeks to provide its 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 raised more than $1.5 billion in capital. For more information, please visit www.gpb-cap.com.

Media Contact:
Dana Taormina
JConnelly
973.850.7305
dtaormina@jconnelly.com

Forward-Looking Statements
We make statements herein that are considered to be forward-looking statements. These statements contain forward-looking information relating to the financial condition, results of operations, plans, objectives, future performance and business of Alliance PT and its affiliates. These statements (often using words such as “believes,” “expects,” “intends,” “plans,” “appear,” “would,” “should” and similar words) involve risks and uncertainties that could cause actual results to differ materially from those we project. The forward-looking statements are based on our current views and assumptions and actual results could differ materially from those anticipated in such forward-looking statements as a result of certain risks, uncertainties, and factors, many of which are beyond our control.

Apr 24
0

Alliance Physical Therapy Partners relocates to the Midwest and adds Richard Leaver as its Chief Operating Officer

By | Press Releases

New York – April 24, 2018 – Alliance Physical Therapy Partners (“Alliance PT”), an affiliate of GPB Capital Holdings, has hired Richard Leaver as the Company’s new Chief Operating Officer. During his 20-year career in the field, Mr. Leaver has demonstrated expertise in a wide range of critical areas, including clinical operations management, physical therapy clinical practice, business development, operational metrics, outpatient rehabilitation billing, coding, clinical documentation and compliance, and healthcare accreditation and certification.

 

“Our mission is to empower the community of outstanding physical therapists in our network by introducing new efficiencies through the implementation of established best practices,” said Mark Andrzejewski, CEO of Alliance Physical Therapy Partners. “Richard Leaver’s extensive management experience in working with physical therapy and sports medicine providers will add further depth and expertise to our management team.”

 

Most recently, Mr. Leaver was Vice President of Clinical Operations at ATI Physical Therapy, a national provider of outpatient rehabilitation & sports medicine services. During Mr. Leaver’s tenure, he managed the Company’s entry into Washington State and integrated two acquired medium sized outpatient physical therapy providers, while also increasing clinic operational performance metrics to improve utilization, units per visit and other key areas. Over a two-year period of operations under his direction, both EBITDA and operating revenue for the integrated locations were significantly increased under Mr. Leaver’s operational oversight.

 

Earlier in his career, Mr. Leaver held clinical management positions with a number of providers, including Flexeon Rehabilitation, located in Oakbrook, Illinois; Sparrow Hospital, located in Lansing, Michigan; and Physiotherapy Associates, located in Grand Ledge, Michigan. He also spent eight years with Land Rover Group in the U.K. where he established and managed the multi-site clinical care of work-related musculoskeletal injuries, health, safety, and ergonomics programs and consultation on new vehicle programs as Manager of Industrial Physiotherapy Services / Senior Manufacturing Ergonomist.

 

He is a Fellow of the American College of Healthcare Executives, a member of the American Physical Therapy Association, and a full member of the Chartered Society of Physiotherapy.

 

“I am excited to join the Alliance Physical Therapy team to help grow and develop the company to become the premier provider and employer of choice in the industry, said Richard Leaver, COO of Alliance Physical Therapy Partners. “It is an honor to join the senior leadership team of Alliance, a company that is committed to providing the highest quality of patient care in a compassionate and fiscally responsible manner.”

 

Following the acquisition of the U.S. operations of Agility Health earlier this year, Alliance Physical Therapy Partners is moving its headquarters to Agility Health’s former headquarters in Grand Rapids, Michigan.

 

“The Grand Rapids office has a wealth of existing talent and infrastructure that we benefitted from with the Agility Health transaction.  We’re excited to call Grand Rapids our home,” commented Mr. Andrzejewski.

 

About Alliance Physical Therapy Partners, LLC

Alliance Physical Therapy Partners, LLC is an affiliate of GPB Capital Holdings, LLC and is focused on acquiring private physical therapy practices across the U.S. to provide practice owners the opportunity to expand their footprint while receiving operational guidance and financial support. The Alliance Physical Therapy Partners team includes former private practice owners, direct marketing professionals and operations experts who have experience running and growing successful healthcare organizations. For more information, visit www.allianceptp.com.

 

About GPB Capital Holdings, LLC

GPB Capital Holdings, LLC is a New York-based alternative asset management firm’s focusing on acquiring income-producing private companies. GPB Capital seeks to provide its 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 approximately $1.8 billion in assets under management[i] and has acquired or invested in more than 160 portfolio companies. For more information, please visit www.gpb-cap.com.

 

Media Contact:

Dana Taormina

JConnelly

973.850.7305

dtaormina@jconnelly.com

 

Forward-Looking Statements

We make statements herein that are considered to be forward-looking statements. These statements contain forward-looking information relating to the financial condition, results of operations, plans, objectives, future performance and business of Alliance PT and its affiliates. These statements (often using words such as “believes,” “expects,” “intends,” “plans,” “appear,” “would,” “should” and similar words) involve risks and uncertainties that could cause actual results to differ materially from those we project. The forward-looking statements are based on our current views and assumptions and actual results could differ materially from those anticipated in such forward-looking statements as a result of certain risks, uncertainties, and factors, many of which are beyond our control.

 

[i] Which is different and distinct from GPB Capital’s “Regulatory AUM.”

Feb 06
0

Alliance PT Enters Into Definitive Agreement To Acquire 100% Of Agility Health’s U.S. Operations

By | Press Releases

Acquisition Would Allow Alliance PT to Expand National Footprint and Significantly Enhance Back-Office Capabilities

New York – February 6, 2018 – Alliance Physical Therapy Management, LLC (“Alliance PT”), an affiliate of GPB Capital and Alliance Physical Therapy Partners, has signed a definitive agreement to acquire the U.S. operations of Agility Health, Inc. (TSXV: AHI) (“Agility Health”). The transaction, which is expected to close in February 2018 and is subject to customary closing conditions and certain regulatory approvals, would add, among other things, more freestanding outpatient physical therapy clinics, a contracted therapy business, and proprietary clinic management software (“AgileRPM”), to Alliance PT’s portfolio.

The agreement stipulates that Alliance PT will acquire 100% of the membership interests in Agility Health, LLC, the Grand Rapids, Michigan-based U.S. operations of Agility Health, for a total transaction value of $45 million. Agility Health’s U.S. division operates over 50 outpatient or on-site physical therapy clinics, and also provides contract rehabilitation services to over 90 hospitals, inpatient rehabilitation units, long-term care facilities, and industrial worksites across 21 states. Agility Health is one of the few healthcare operators in the country providing the most key services of the post-acute continuum of care.

“We are glad to have the opportunity to partner with Agility Health’s exceptional clinicians to provide vital physical therapy and rehabilitation services in many communities around the country,” said Mark Andrzejewski, CEO of Alliance Physical Therapy Partners. “AgileRPM, the electronic health records software at the core of the Agility Health operations, would help us efficiently treat and process more patients across all of our locations without sacrificing our commitment to high-quality patient care.”

Following the acquisition, Alliance PT would provide rehabilitation services to over 165 physical therapy locations in 25 states. In addition, Alliance PT would be able to leverage Agility Health’s corporate infrastructure to provide a suite of support services to its national footprint of clinics, including and without limitation billing, revenue cycle management, payroll, compliance, recruiting, and marketing.

“At a time when the demand for outpatient rehabilitation in this country is steadily growing, the expansive suite of resources and support we offer through Alliance PT would empower the clinics under Agility Health’s U.S. umbrella to streamline and strengthen their businesses,” said Dotty Bollinger, Managing Partner with GPB Capital responsible for the firm’s Healthcare Investments. “We will continue to seek operating partners with a solid track record of delivering high-value physical therapy and preventative care treatments.”

“The addition of Agility Health’s U.S. platform would give Alliance PT a strong foothold in the Midwest, which, coupled with flexible capital from GPB Capital and an integrated corporate infrastructure, would allow Alliance PT’s management to scale both organically and through acquisitions,” said Shaun Khubchandani, Vice President with GPB Capital focusing on the firm’s Healthcare Investments.

Livingstone Partners served as financial advisor to Agility Health. Arent Fox LLP served as legal advisor to Alliance PT and GPB Capital.

About Alliance Physical Therapy Partners

Alliance Physical Therapy Partners is an affiliate of GPB Capital Holdings, LLC focused on acquiring private physical therapy practices across the U.S. to provide practice owners the opportunity to expand their footprint while receiving operational guidance and financial support. The Alliance Physical Therapy Partners team includes former private practice owners, direct marketing professionals and operations experts who have experience running and growing successful healthcare organizations. For more information, visit www.allianceptp.com.

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 seeks to provide its 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 $1.5 billion in assets under management[i] and has acquired or invested in more than 160 portfolio companies. For more information, please visit www.gpb-cap.com.

[i] Which is different and distinct from GPB Capital’s “Regulatory AUM.

Jan 26
0

Alliance PT Enters Midwestern Physical Therapy Market

By | Press Releases

GPB Capital Affiliate Completes Seventh Acquisition, Purchasing Franklin Rehabilitation in Wisconsin

New York – January 26, 2018 – Alliance Physical Therapy Partners (“Alliance PT”), an affiliate of GPB Capital, has acquired a majority ownership stake in Franklin Rehabilitation (“Franklin Rehab”) which provides specialized rehabilitation services at two physical therapy clinics in the Milwaukee suburb of Franklin, Wisconsin. Terms of the deal, which closed on November 30, 2017, and constitutes Alliance PT’s seventh acquisition, were not disclosed.

“Franklin Rehab’s physical therapists are experienced specialists who are uniquely qualified to treat patients with musculoskeletal and neurological conditions—making Franklin Rehab a vital healthcare provider in its surrounding community,” said Mark Andrzejewski, CEO of Alliance Physical Therapy Partners. “The financial, administrative, and operational support we will provide is intended to position our new partners at Franklin Rehab to continue to deliver an optimal standard of care that isn’t always available in larger institutional settings, while also treating more patients.”

Franklin Rehab offers specialized rehabilitation services to patients suffering from a variety of maladies related to the musculoskeletal and neurological systems, including back and neck conditions, sports and work-related injuries, neurological disorders, and general orthopedic problems. The company’s physical therapists possess an average of 10 years of experience and undergo ongoing education. To help patients make well-informed decisions when choosing a provider of physical therapy, Franklin Rehab provides free injury screenings and consultations, as well as complimentary Specialty Treatment Program Guides containing questions patients should ask any therapist in order to ensure the therapist has the necessary experience and training for their specific condition.

Alliance PT works closely with independent physical therapy practices to help them implement best practices for generating scalable growth that benefits more patients. The Alliance PT approach involves streamlining managed payroll, workers’ compensation, recruitment, and other administrative processes in order to give practice managers more time to spend on patient care and practice growth. Alliance PT’s team members have a broad range of experiences building and running physical therapy practices, and can provide guidance on many areas of practice management, including acquisitions, compliance, direct-to-consumer marketing, human resources, recruitment, strategic growth, and technology. In addition, Alliance PT’s billing/coding and risk/compliance professionals provide personalized support around relationships with payers, which is intended to help mitigate potential losses.

“In today’s challenging healthcare environment, independent physical therapy practitioners’ chances for success are much higher if they join forces with other practice operators who share their goals,” said Dotty Bollinger, Managing Partner with GPB Capital responsible for the firm’s Healthcare Strategy. “Alliance Physical Therapy Partners offers entrepreneurial physical therapists the opportunity to provide compassionate care for a greater number of patients while maintaining their individual brands. We are glad to welcome Franklin Rehab to our supportive network of experienced, patient-focused physical therapy practitioners.”

About Alliance Physical Therapy Partners

Alliance Physical Therapy Partners is an affiliate of GPB Capital Holdings, LLC focused on acquiring private physical therapy practices across the U.S. to provide practice owners the opportunity to expand their footprint while receiving operational guidance and financial support. The Alliance PT team includes former private practice owners, direct marketing professionals, and operations experts who have experience running and growing successful healthcare organizations. For more information, visit www.allianceptp.com.

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 $1.5 billion in assets under management¹ and has acquired or invested in more than 160 portfolio companies. For more information, please visit www.gpb-cap.com.

1 Which is different and distinct from GPB Capital’s “Regulatory AUM.”

Dec 14
0

Alliance PT Extends Physical Therapy Market Presence Into California

By | Press Releases

GPB Capital Affiliate Continues to Grow its Portfolio, Acquiring Majority Ownership of San Francisco Bay Area’s SOL Physical Therapy + Performance Training

New York – December 19, 2017 – Alliance Physical Therapy Partners (“Alliance PT”), an affiliate of GPB Capital, has acquired a majority equity stake in SOL Physical Therapy + Performance Training (“SOL PT”), which operates three outpatient physical therapy clinics in the Oakland, Calif., area.

“Our operating partners at SOL Physical Therapy + Performance Training are strongly committed to helping active individuals in Oakland and throughout the San Francisco Bay Area return to their desired level of mobility and fitness,” said Mark Andrzejewski, CEO of Alliance Physical Therapy Partners. “We will provide the capital, resources, and support that they need to offer high-quality rehabilitation and athletic training to many more patients over the long term.”

Founded in 1997, SOL Physical Therapy + Performance Training has a well-staffed physical therapy group with 28 employees, including 10 physical therapy providers and 11 trainers/aides. The company’s three outpatient clinics offer a variety of physical therapy, performance training, fitness, and wellness care, including pain reduction/elimination, one-on-one and small-group training, restorative services, massage therapy, and prevention education.

Alliance PT was built on the idea that physical therapy practice owners who band together are in a stronger position to succeed than those who go it alone. The firm works closely with independent physical therapy practices to optimize their business operations, improve key performance indicators, and facilitate scalable growth which benefits more patients. As part of the firm’s strategy, the Alliance PT team helps portfolio companies streamline processes related to managed payroll, workers’ compensation, benefits, and recruitment, giving the practice managers more time to focus on growth and patient care. Alliance PT also works with operating partners to obtain more favorable terms during negotiations with insurance companies over large-scale reimbursement. Alliance PT’s team of professionals has accumulated a wide range of experience building and running physical therapy practices, and can offer guidance on many aspects of practice operations, including acquisitions, compliance, direct-to-consumer marketing, human resources, recruitment, strategic growth, and technology.

“Declining insurance reimbursement and increased competition have created an extremely challenging environment for independent physical therapy practices to succeed,” said Dotty Bollinger, Managing Partner with GPB Capital responsible for the firm’s Healthcare Strategy. “Alliance Physical Therapy Partners provides a network of support which enables portfolio companies to become more profitable using proven best practices—while also continuing to deliver the excellent standard of care their patients have come to expect, and maintaining their brand identity. We are proud to offer this unique opportunity for independent physical therapy practices across the country to grow and enhance their businesses.”

About Alliance Physical Therapy Partners

Alliance Physical Therapy Partners is an affiliate of GPB Capital Holdings, LLC focused on acquiring private physical therapy practices across the U.S. to provide practice owners the opportunity to expand their footprint while receiving operational guidance and financial support. The Alliance Physical Therapy team includes former private practice owners, direct marketing professionals, and operations experts who have experience running and growing successful healthcare organizations. For more information, visit www.allianceptp.com.

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 $1.35 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.”

Media Contact:

Dana Taormina
JConnelly
973.850.7305
dtaormina@jconnelly.com

Dec 13
0

Alliance PT, Strengthened By Back In Motion Partnership, Acquires Results Physical Therapy

By | Press Releases

GPB Capital Affiliate Grows its Portfolio, Acquiring Majority Ownership of Results Physical Therapy to Deliver Cutting-Edge Care to More Patients

New York – December 13, 2017 – Alliance Physical Therapy Partners (“Alliance PT”), an affiliate of GPB Capital, announces that Back in Motion® Physical Therapy LLC (“Back in Motion”), which operates outpatient physical therapy centers around Portland, Maine, has acquired Results Physical Therapy, adding two additional locations in central Maine. Alliance PT acquired a majority ownership stake in Back in Motion in May 2017, and after only a few months of working with the team of experienced professionals at Alliance PT, Back in Motion has grown to the point where it can provide high-quality care to more patients by acquiring and integrating other businesses.

“The impressive growth that Back in Motion has achieved, in such a short period of time, is a testament to the managerial, administrative, and financial support we make available to our operating partners,” said Dotty Bollinger, Managing Partner with GPB Capital responsible for the firm’s Healthcare Strategy. “We will continue to work alongside Back in Motion’s management team to facilitate growth, and position the practice to deliver state-of-the-art physical therapy treatment to more patients across Maine.”

As part of an innovative arrangement to help physical therapy practice operators achieve their next stage of growth and profitability, GPB Capital enables them to work closely with the team at Alliance PT in exchange for majority ownership stakes. Alliance PT provides services to streamline and optimize processes related to managed payroll, benefits, workers’ compensation, and recruitment, and seeks to help practice operators obtain more favorable terms during negotiations with insurance companies over large-scale reimbursement. The Alliance PT staff possesses a broad range of experience building and running physical therapy practices, and can offer guidance about recruitment, acquisitions, compliance, technology, strategic growth, and direct-to-consumer marketing.

“We’re excited that Back in Motion is experiencing this type of growth, especially at such an early stage in our relationship,” said Mark Andrzejewski, CEO of Alliance Physical Therapy Partners. “Our mission is to offer our partners like Back in Motion the opportunity to realize their vision of helping more people return to a normal, active lifestyle by expanding their footprint in physical therapy.”

At the time of its acquisition, Back in Motion operated three outpatient physical therapy centers. The company experienced 11.3% growth in patient volume between 2015 and 2016. Alliance PT continues to work with the management team at Back in Motion to implement standardized operational adjustments in order to improve the level of care for a greater number of patients.

Results Physical Therapy operates outpatient physical therapy clinics in Brewer and Dexter, Maine. The company was founded in 2006 by Carol Lane, a physical therapist who has operated the practice since 1987. Results Physical Therapy’s two clinics both operate gyms open to the public, which can serve as sources of referrals for the outpatient practice. The company will maintain its brand after its integration into Back in Motion, which will become GPB Capital’s portfolio company focused on the physical therapy market in Maine. Terms of Results Physical Therapy’s acquisition by Back in Motion, which closed on September 28, 2017, were not disclosed.

“GPB Capital and Alliance Physical Therapy Partners have certainly followed through on their promise to help us grow our practice,” said Michel Brunet, Co-Founder of Back in Motion Physical Therapy. “As part of their dedication to portfolio companies, they have given us the tools, capital, and support we need to achieve the long-term goals we have for our business—and our patients.”

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 $1.35 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.

About Alliance Physical Therapy Partners

Alliance Physical Therapy Partners is an affiliate of GPB Capital Holdings, LLC focused on acquiring private physical therapy practices across the U.S. to provide practice owners the opportunity to expand their footprint while receiving operational guidance and financial support. The Alliance Physical Therapy Partners team includes former private practice owners, direct marketing professionals, and operations experts who have experience running and growing successful healthcare organizations. For more information, visit www.allianceptp.com.

[i] Which is different and distinct from GPB Capital’s “Regulatory AUM.”

Media Contact:
Dana Taormina
JConnelly
973.850.7305
dtaormina@jconnelly.com

Sep 27
0

Alliance Physical Therapy Partners Welcomes Mark Andrzejewski As CEO

By | Press Releases

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.”

Media Contact:

Dana Taormina
JConnelly
973.850.7305
dtaormina@jconnelly.com

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