Physical Rehabilitation Network (PRN) announces further expansion into Arizona and its entrance into Oklahoma with the acquisition of 360 Physical Therapy (360 PT), which operates 19 outpatient clinics across Arizona and Oklahoma.
This acquisition elevates PRN’s nationwide clinic count to 181 across 16 states within the western and central portions of the U.S.
Under this new partnership, PRN will acquire 360 PT’s outpatient physical rehabilitation clinics, which will continue offering pain resolution and recovery solutions through traditional land-based therapies, outcomes-led aquatic therapy and specialty programs such as vestibular rehabilitation, women’s health treatment, sports therapy and more, a media release from PRN notes.
“I am incredibly excited for our future with 360 PT. We plan to continue growing our Arizona footprint as well as extending our support to new markets across the US. 360 PT was established on a forward-thinking, team-driven and patient-centered culture, pillars that align nicely with PRN’s values and core purpose. Together, we believe this strategic partnership will allow for continued expansion of patient services as we grow locations and add staff expertise.”
— Ajay Gupta, CEO, PRN
Celebrating its 20th anniversary, Chandler, AZ-based 360 PT, which was founded by PT expert Tresha Baldwin, will continue building on its family-oriented foundation as it looks to extend market growth leveraged through PRN’s support network and resources.
“This is an exciting step in our growth and our mission to provide great patient care. Over the past 20 years, 360 PT has been proud to serve the local communities across Arizona and Oklahoma, so it was important for us to align with a partner like PRN that brings a deep well of operational resources, strong clinical leadership and progressive vision – capabilities that will surely enable us to achieve even better care for generations to come across the communities we support.”
— Tresha Baldwin
PRN is a portfolio company of Gryphon Investors, a San Francisco-based middle market private equity firm.
[Source(s): Physical Rehabilitation Network, Globe Newswire]
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