Since its establishment in 2003, Great Point Partners (GPP) has invested in health care companies throughout Europe and the United States, investing into more than 100 opportunities. In December 2016, Great Point Partners announced its exit from its partnership with Professional Physical Therapy (ProPT), making it the fourth successful investment exit for GPP over the course of 14 months.
An award-winning provider of physical therapy and rehabilitation services based in Uniondale, New York, ProPT operates 107 centers for physical and hand therapy outpatients in New Jersey, New York, and Connecticut.
Over the course of five years of partnership, ProPT expanded upon the 10 centers and 300 employees it had at the start of the relationship, resulting in ProPT now overseeing more than 100 centers and employing approximately 1,200 people. Further, ProPT made 21 tuck-in acquisitions during the partnership and experienced a compound annual revenue growth rate in excess of 35 percent.