Physiotherapy Associates Announces New Chief Financial Officer

EXTON, Pa., March 14, 2011 /PRNewswire/ -- Physiotherapy Associates, the nation's foremost provider of outpatient rehabilitation services, announced that Andrew DeVoe has been hired as Chief Financial Officer. In Mr. DeVoe's new role, his initial focus will center on refining the processes of the revenue cycle and overseeing corporate financial matters.

Mr. DeVoe is an industry-recognized specialist who helps hospitals and healthcare organizations maximize key areas of their financial processes. He brings to Physiotherapy Associates more than 20 years of healthcare financial and operational experience in rural and urban investor-owned and not-for-profit hospital providers across the country. Physiotherapy Associates is comprised of more than 600 physical therapy and orthotic and prosthetic clinics in more than 30 states.

"I am thrilled to have Andrew come on board as our chief financial officer. He has seen virtually every aspect of healthcare, from both a finance and management perspective," said Dan Connors, CEO of Physiotherapy Associates. "I believe he will be a strong leader as we continue our dynamic growth initiative in 2011, and provide our leading-edge physical therapy services nationwide."

Most recently, Mr. DeVoe served as president and chief executive officer of Apollo Health Street, a national leader in healthcare revenue cycle management outsourcing. Prior to joining Apollo, he served as SVP and chief financial officer of the University of Pennsylvania Health System. Andrew also spent time as CEO, COO and CFO at Health Management Associates, Hospital Corporation of America and Tenet Healthcare.

"Joining the Physiotherapy Associates team is an opportunity to bring my healthcare knowledge and experience to one of the best companies in the outpatient rehabilitation industry. The company's track record for success and its reputation made this move an easy decision for me," stated DeVoe.

Mr. DeVoe is a four-time recipient of Tenet's Outstanding CFO award and was honored by the Philadelphia Business Journal as a member of the Top 40 Under 40 list of business professionals in 2006. He earned a bachelor's degree in finance from Belmont University in Nashville, TN, and is a member of HFMA and AAHAM. He will be based in the company's Exton, Pennsylvania headquarters location.

About Physiotherapy Associates

Physiotherapy Associates is the nation's foremost provider of outpatient rehabilitation services. Physiotherapy Associates employs an industry-leading team of physical therapists and healthcare practitioners who are dedicated to high-quality patient care. The company provides physical therapy, industrial rehabilitation and orthotics and prosthetics services to millions of patients each year across the United States. With more than 600 clinics, Physiotherapy Associates is national in scope, local in care. For more information, visit www.physiocorp.com, follow us on Twitter (@physiocorp) or become a Physio fan on Facebook.

SOURCE Physiotherapy Associates