February 2019

Alliance PT Sells LTC Division

Alliance Physical Therapy Management (Alliance PT) , which is backed by GPB Capital, sold its long-term care (LTC) division to HealthPRO® Heritage, a portfolio company of the private equity firm Beecken Petty O’Keefe. The terms of the sale were not disclosed.

The division, Agility Health, headquartered in Grand Rapids, MI, provides services to more than 20 LTC facilities. Alliance PT acquired the US division of Agility Health in the first quarter of 2018, but had since made a strategic decision to exit LTC to focus on its core businesses of operating outpatient and hospital-based PT clinics and industrial worksite units, according to Mark Andrzejewski, CEO of Alliance.

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