Founded in 2003, private equity firm Great Point Partners (GPP) invests in companies in the health care sector. Great Point Partners’ portfolio includes physical therapy providers.
In 2011, GPP invested in New York-based firm Professional Orthopedic and Sports Physical Therapy (ProPT). Over the last several years, ProPT has expanded significantly in size thanks to a number of acquisitions in New York, New Jersey, and Connecticut. With a total of 98 outpatient centers as of September of 2016, ProPT had grown to four times the size it was when GPP made its initial investment. This year alone, the company has completed nine acquisitions.
ProPT’s most recent acquisition came in the form of Sports Training Physical Therapy, a nine-clinic provider with locations in northern and central New Jersey. Along with increasing the number of ProPT locations in the New Jersey area, the acquisition brings to the company professionals experienced in such niche specialty areas as pediatric orthopedics.