Alliance Physical Therapy Partners (Alliance PT), an affiliate of GPB Capital, adds locations in central Maine and the San Francisco Bay Area to its portfolio.
The Maine locations are the result of the acquisition of Results Physical Therapy by Back in Motion Physical Therapy LLC. Alliance PT acquired a majority ownership of Back in Motion in May 2017.
“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,” says Dotty Bollinger, managing partner with GPB Capital, responsible for the firm’s Healthcare Strategy, in a media release.
“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,” she adds.
A separate news release announces Alliance PT’s acquisition of a majority equity stake in SOL Physical Therapy + Performance Training, which operates three outpatient physical therapy clinics near Oakland, Calif.
“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,” states Mark Andrzejewski, CEO of Alliance Physical Therapy Partners, in the release.
“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,” he continues.
[Source(s): GPB Capital Holdings LLC, Alliance Physical Therapy Partners, PR Newswire]