Professional Physical Therapy Completes Two Tuck-In Acquisitions

Professional Orthopedic and Sports Physical Therapy pic

Professional Orthopedic and Sports Physical Therapy
Image: professionalpt.com

Based in Connecticut, Great Point Partners (GPP) has an investment approach that makes equity capital-funded acquisitions of health care organizations across North America and Western Europe. In July, 2016, Great Point Partners announced a pair of acquisitions through Professional Physical Therapy (ProPT), a GPP portfolio company.

With the acquisition of PRO Physical Therapy and Achieve Sports Medicine & Rehab, the Connecticut firm now has a trio of new New Jersey clinics spanning Wyckoff, Randolph, and Waldwick. These bring the number of 2016 ProPT tuck-in acquisitions up to seven, with the company’s resources extending to nearly 90 outpatient locations across the Northeast. This consolidates the firm’s status as one of the leading physical therapy providers region-wide.

A ProPT executive described the acquisition as making strategic sense in enabling robust partnerships among knowledgeable, well-established local practitioners. With this expanded roster of physical, hand, and occupational therapists in place, patients will receive enhanced care tailored to their specific rehabilitative goals.

Recapitalization to Drive Growth

Great Point Partners pic

Great Point Partners
Image: gppfunds.com

Great Point Partners is a Connecticut-based investment firm that strives to help health care companies reach their full potential. Founded in 2003, Great Point Partners (GPP) has successfully invested more than $1 billion in the industry and has engaged in financial dealings ranging from acquisitions to growth recapitalizations.

In October of 2016, GPP announced the completion of growth recapitalization for Clinical Supplies Management, a packaging, labeling and logistics solutions firm that serves the pharmaceutical industry. The goal of the recapitalization was to allow Clinical Supplies Management to implement its growth strategy while also investing in management expertise and infrastructure improvements. Growth recapitalization is just one type of the broader recapitalization investment strategy.

Recapitalization refers to the restructuring of a company’s debt and equity holdings, which can be used to improve tax benefits, cash flow balances, and ownership holdings, among other goals. The growth recapitalization strategy provides liquidity for businesses to pursue growth objectives as well as improvements to operations and infrastructure. This is accomplished through the sale of a large portion of shares in the business to raise funds, while still allowing the current leadership to retain operational control of the firm.

Biomarkers in Clinical Trials Could Provide Helpful Information

 

Factors Affecting the Efficiency of Accountable Care Organizations

Accountable Care Organizations pic

Accountable Care Organizations
Image: nuemd.com

Based in Connecticut, Great Point Partners invests in a variety of health care businesses across the globe. Among Great Point Partners’ areas of focus are consumer health and accountable care organizations (ACOs).

ACOs embody a network of health care providers and institutions that voluntarily provide medical attention to patient populations. ACOs operate under the premise that all patients should receive proper care. To improve efficiency, ACOs must address the following factors:

Cultural – Patient-centric ACOs acknowledge and integrate different cultures into its care processes. Although ACOs are clinician-led, these organizations recognize the role of patients in the health care system.

Clinical staff – The shortage of primary care providers challenges the efficiency of ACOs. The long-term solution to this problem is to establish a multidisciplinary approach that addresses inequalities among medical specialties.

Administrative resources – Dedicating adequate administrative resources to actuarial and financial services contributes to the efficiency of ACOs. These resources are primarily responsible for managing the alignment of the patient population.

GPP’s Success in Biotech and Pharma Investment

Great Point Partners pic

Great Point Partners
Image: gppfunds.com

Connecticut-based Great Point Partners has been an active investor in pharmaceutical infrastructure since 2010. Great Point Partners has made investments in multiple companies; Caption Proteomics, Cytovance Biologics, Corrona and Softbox.

Pharmaceutical infrastructure is key in serving the logistical needs of the medical industry. The daunting task of using limited resources often leads companies to outsource key areas of their logistical pipeline. These can include maintenance on equipment, transportation and shipping needs for finished products, and managing energy services for manufacturing facilities.

These investments in infrastructure occur throughout the supply chain for biotech companies. Everything from patient records to pharmaceutical manufacturing provides ample opportunity for growth and the potential for significant returns for savvy investors.

Professional Orthopedic and Sports Physical Therapy Continues Growth

Professional Orthopedic and Sports Physical Therapy pic

Professional Orthopedic and Sports Physical Therapy
Image: professionalpt.com

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.

GPP Portfolio Company Makes Two Important New Acquisitions

Great Point Partners pic

Great Point Partners
Image: gppfunds.com

In late July, Connecticut firm Great Point Partners announced that its portfolio company Professional Physical Therapy has made two key acquisitions, Achieve Sports Medicine & Rehab and PRO Physical Therapy. Through these acquisitions, the physical therapy company added three new clinics in New Jersey. Professional Physical Therapy now provides patients with access to 21 physical therapy locations in six counties with the addition of the new facilities in Waldwick, Wyckoff, and Randolph.

The two acquisitions represent the sixth and seventh tuck-in acquisitions of the Great Point Partners portfolio company in 2016 alone. In total, Professional Physical Therapy now operates 88 outpatient facilities and has become the largest provider in the Northeast. This was largely accomplished by partnering with the most highly respected regional practices and practitioners throughout the region.

The acquisition will also benefit the patients already seen at the three facilities. As the president of PRO Physical Therapy explained, the new partnership allows the organization to implement even more cutting-edge programs and provide new opportunities.