PHOENIX Rehabilitation and Health Services, Inc. Acquires Alabama-based Aldridge Physical Therapy
Company's Expansion Continues in the Atlantic Region Laying Groundwork for Rapid Growth
BLAIRSVILLE, Pa., Nov. 3, 2016 /PRNewswire-USNewswire/ -- PHOENIX Rehabilitation and Health Services, Inc. ("PHOENIX") continues to expand its presence of outpatient physical therapy clinics in the Atlantic region through the recent acquisition of privately-held, Auburn, Alabama-based Aldridge Physical Therapy. For more information on PHOENIX visit: www.phoenixrehab.com.
The acquisition will give the Company a foothold in a fourth Atlantic state with plans for expansion through strategic de novo development closely behind.
"We warmly welcome Aldridge Physical Therapy to our PHOENIX team," comments David Watson, PT, President, and CEO of PHOENIX. "Our decision to enter into this acquisition keeps us on track to fulfill our overall strategic goal of expansion outside of the Pennsylvania market. Additionally, Aldridge Physical Therapy operates a reputable outpatient center, with patient loyalty comparable to that of the current PHOENIX facilities. It's a great fit for our organization."
Pete Grabaskas, PT, Chief Operating Officer of PHOENIX states, "We are pleased to bring Randy Aldridge, PT, and his staff under the PHOENIX umbrella." Grabaskas continues, "We feel Aldridge Physical Therapy is a strong cultural fit emphasizing excellent clinical care and customer service. We are excited to add this practice in Alabama."
Aldridge Physical Therapy's founder, Randy Aldridge, PT, agrees. "Our partnership with PHOENIX will provide us with the knowledge and resources for sustainable growth in our market and stability in the healthcare industry. It is a winning combination for our patients, employees, and community."
Aldridge Physical Therapy, LLC intends to maintain its current brand until the transition to the trade name PHOENIX Rehabilitation and Health Services commences.
About PHOENIX
PHOENIX is a certified rehabilitation agency exclusively focused on developing the strongest regional Physical Therapy provider network emphasizing efficient delivery of evidence-based therapy. Founded in 1997, PHOENIX operates through a network of 62 outpatient physical therapy centers located throughout the states of Pennsylvania, Virginia, Delaware and Alabama including five "WorkPlace Health" ("WPH") centers in PA. WPH provides occupational health services such as injury care and injury case management. In 2013, PHOENIX underwent a recapitalization with 3 Rivers Capital based in Pittsburgh, PA. Visit phoenixrehab.com for a complete listing of PHOENIX and WPH locations or call toll free 888-644-7747 for more information. Consumers are encouraged to stay connected with PHOENIX via Facebook; Twitter; LinkedIn and YouTube.
About Aldridge Physical Therapy
Aldridge Physical Therapy started in 2007 with a hands-on approach to physical therapy. Owner and physical therapist Randy Aldridge created a wellness approach to care by combining a physical therapy clinic and a fitness/wellness center under one roof. This atmosphere promotes an active and healthy lifestyle for clients of all fitness levels.
Media Contact:
Shelly Nippes
Vice President of Marketing and Sales
[email protected] | (724) 343-4060 ext. 147 or (724) 388-0224
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SOURCE PHOENIX Rehabilitation and Health Services, Inc.
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