APT Healthcare, an outpatient physical therapy platform based in the Mid-Atlantic area, announces a strategic growth investment from York Capital Management’s private equity group. Terms of the transaction were not disclosed.
Founded in 2002, APT Healthcare provides physical therapy services through its leading portfolio of brands. The company has expanded its presence into seven markets with nearly 60 clinics located in Maryland, Virginia and Washington, D.C.
“We are thrilled to have found the right partner in York Private Equity, as we continue to expand our business within our existing footprint, and look to broaden our service offerings and enter new geographies.”— Eric Nass, CEO and board member of APT Healthcare
“Through collaboration with York Private Equity, a like-minded partner, we will be able to strengthen our infrastructure, accelerate our growth, and continue to positively impact more lives by delivering superior patient care to more communities.”— Brian Hoy, COO of APT Healthcare
APT Healthcare’s co-founders will remain active in the company and serve on the Board of Directors.
“APT Healthcare has significantly grown and expanded its geographical presence since its founding and under the direction of its current leadership team. Our investment in the company aligns with our goal of backing healthcare businesses that create opportunities for superior clinical outcomes while reducing systemic costs, as well as backing founders and management teams to continue to drive value for their various stakeholders, enter new service lines and geographies, and execute on growth opportunities.”— Seth Pearson, Managing Director at York Private Equity
APT Healthcare is the third platform investment completed in the last 12 months and the fifth since inception by York Capital’s latest middle-market private equity fund, York Special Opportunities Fund III, L.P., an $800 million dedicated fund raised in April 2020. York Private Equity seeks to partner with founders and entrepreneurs to help facilitate and support organic and inorganic growth in industries such as healthcare services, financial services, business services, consumer/retail, and industrials.
[Source(s): York Capital Management, Business Wire]