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Great Point Partners-Backed Spine & Sport Physical Therapy Completes Acquisition of Wisdom Physical Therapy
Introduction
GREENWICH, CT and SAN DIEGO, CA – Great Point Partners’ (“GPP”) portfolio company, Spine & Sport Physical Therapy (“Spine & Sport”), a leading provider of outpatient physical therapy and rehabilitation services in San Diego, CA, has acquired Wisdom Physical Therapy (“Wisdom”). Wisdom operates in El Centro, CA.
“We are excited to have Doug Wisdom and his team join Spine & Sport to further entrench ourselves in Imperial County,” said Mark Mathiesen, CEO of Spine & Sport. “Wisdom is one of the premier physical therapy providers in El Centro with a proven record of quality of care and strong referral network.”
“Spine & Sport’s treatment program, development resources, and vision for growth in Imperial County and beyond were key factors in our decision to join them,” said Doug Wisdom, founder of Wisdom.
The addition is the third acquisition Spine & Sport has made since Great Point’s investment in December 2018. It is a clear indication of Spine & Sport’s ability to execute its strategic plan, expansion and successful growth. With the addition of Wisdom, Spine & Sport now has 22 locations.
About Great Point Partners
Great Point Partners (“GPP”), founded in 2003 and based in Greenwich, CT, is a leading health care investment firm, currently with approximately $1.8 billion of equity capital currently under management and 28 professionals, investing in the United States, Canada, and Western Europe. GPP is currently making new private equity investments from GPP III. Great Point manages capital in private (GPP I, $156 million and GPP II, $215 million of committed capital, and GPP III which has $306 million in committed capital) and public (BioMedical Value Fund family, approximately $1.1 billion) equity funds. Great Point Partners has provided growth equity, growth recapitalization, and management buyout financing to more than 100 growing health care companies. The private equity funds invest across all sectors of the health care industry with particular emphasis on biopharmaceutical services and supplies, outsourcing and alternate site care, pharmaceutical infrastructure and information technology enabled businesses. The firm pursues a proactive and proprietary approach to sourcing investments and tuck-in acquisitions for its portfolio companies. Reach Great Point at 203-971-3300 or www.gppfunds.com.
About Spine & Sport
Spine & Sport Physical Therapy (“Spine & Sport”), headquartered in San Diego, CA is a leading provider of physical therapy and rehabilitation services in the San Diego metropolitan area. Spine & Sport was founded in 1999 and is currently operated by three entrepreneurs with significant experience in the outpatient multi-site healthcare space. The Company operates 22 owned outpatient physical therapy clinics as well as managing five additional locations in Northern California. The Company’s outpatient clinics provide treatment to patients suffering from musculoskeletal impairments associated with accidents, sports injuries, surgeries, and various other medical conditions. Spine & Sport’s rehabilitation programs and services help patients minimize physical and cognitive impairments and maximize functional ability so that they can return to competition, the workplace and / or their normal lifestyle. Reach Spine & Sport at 800-976-7544 or www.spineandsport.com/