Athletico Physical Therapy and Accelerated Rehabilitation Centers Combine to Strengthen Commitment to Patient Care and Service
Athletico Physical Therapy has acquired Accelerated Rehabilitation Centers from OMERS Private Equity, creating one of the largest physical therapy providers in the Midwest with over 350 locations in eight states.
“Our partnership with Accelerated creates a stronger operation and even higher level of service for our patients, said Mark Kaufman, Athletico founder and CEO. It also allows us to further invest in our core areas of business including patient care and employee training, as well as helps us better serve physicians, payers, affiliates, business partners, vendors and other key partners.”
“This is a landmark transaction in our industry, one that greatly advances our company’s growth strategy,” said Joseph Giles, Athletico vice president of strategy and corporate development. “We’re all very excited to realize the opportunities created through integrating our two companies.”
The agreement was announced November 6 and the transaction closed December 2.
“Athletico and Accelerated can now combine the best practices of both companies complementing each other’s strengths,” said Eric Warner, CEO of Accelerated. “We remain committed to our common values and patient-centered approach to physical therapy as we expand the services we offer.”
The acquisition includes Accelerated and all its brands, including ProRehab and Newsome Physical Therapy. Athletico’s CEO and President Mark Kaufman leads the combined company which will continue to have its headquarters in Oak Brook, Ill.
“We’re proud to support and provide the resources for Athletico to make a greater investment and further their commitment to patient care and clinical programs“, said Ira Kleinman, Harvest Partners, LP. “We have been following the progress of Accelerated for years, and we are thrilled to be able to combine these great platforms,” said Jay Wilkins, Harvest Partners LP. Athletico is a Harvest Partners portfolio company.
Jefferies LLC served as financial advisor to Accelerated in connection with the transaction.