Thursday, June 16, 2016
Professional Physical Therapy Pursues Expansion in Connecticut
Established in 2003, Great Point Partners (GPP) has extensive equity capital under management in the health care investment sphere. Great Point Partners expanded its portfolio in early 2016 by announcing the acquisition of half a dozen clinics in Connecticut, where it is headquartered.
Professional Physical Therapy (ProPT), a GPP I portfolio company, acquired several Moore Physical Therapy & Fitness offices. This move was described as a way of broadening its offerings to include an expanded team of occupational and licensed physical therapists, as well as sports rehabilitation professionals. A core focus is on designing evidence-based treatment plans that comprehensively incorporate best practices.
The founder of Moore Physical Therapy & Fitness noted that after 25 years of running the company, he believed that this acquisition would benefit patients and staff and reinforce a “best-in-class” care commitment. The principal at GPP described partnership with the region’s largest outpatient physical therapy provider as bolstering the company’s presence throughout the tri-state market.