Alliance Physical Therapy Management LLC (Alliance PT) has signed a definitive agreement to acquire the US operations of Agility Health Inc. The acquisition expands Alliance PT’s national footprint and significantly enhances its back-office capabilities.
Via the agreement, Alliance PT will acquire 100% of the membership interests in Agility Health LLC, the Grand Rapids, Michigan-based US operations of Agility Health, for $45 million.
Agility Health’s US division operates more than 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, according to a media release from Alliance PT.
“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,” says Mark Andrzejewski, CEO of Alliance Physical Therapy Partners, in the release.
“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 will provide rehabilitation services to more than 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.
Alliance Physical Therapy Management LLC is an affiliate of GPB Capital and Alliance Physical Therapy Partners.
[Source(s): Alliance PT, PR Newswire]