Milwaukee-based Therapy Plus has been acquired by Exton, Pa.-based Physiotherapy Corp.
Therapy Plus is a physical and occupational therapy provider with seven locations in southeastern Wisconsin. Physiotherapy Corp. is an outpatient physical and occupational rehabilitation and prosthetic and orthotic services provider with 552 locations across 28 states.
“Therapy Plus is an excellent fit for joining the Physio family of
clinics,” said Mike Piekutoski, vice president of business development for Physiotherapy. “Their talented clinicians and commitment to their patients is what attracted us to this opportunity.”
Therapy Plus patients will now work with Physiotherapy Associates’ clinicians on injury prevention programs, rehabilitation therapies and performance enhancement services.
“We are excited to join the Physio family of clinics,” said Robert Frediani, president of Therapy Plus. “They bring resources of national experts to our local level.”
Physiotherapy Corp. is financing the acquisition through a recent debt restructuring that provided it with $175 million in senior secured credit facilities.
“The addition of these facilities advances our strategic plan to grow Physio through acquisitions, de novos and joint ventures, positioning us to become the nation’s largest provider of physical and occupational therapy, orthotic and prosthetic providers,” Piekutoski said.