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 330 locations in eight states.
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
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.”
agreement was announced November 6 and the transaction closed December 2.
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
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.
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.
LLC served as financial advisor to Accelerated in connection with the transaction.