PHOENIX Rehabilitation and Health Services, Inc. appointed Peter Grabaskas chief operating officer. Grabaskas was formerly executive vice president of development. PHOENIX, which has locations in Pennsylvania and Virginia, is a portfolio company of Pittsburgh-based 3 Rivers Capital.
BLAIRSVILLE, Pa., July 19, 2016 /PRNewswire-USNewswire/ — PHOENIX Rehabilitation and Health Services, Inc. (“PHOENIX“), a leading provider of outpatient physical rehabilitation services, today announced the appointment of Peter Grabaskas, PT as Chief Operating Officer. Formerly Executive Vice President of Development, Mr. Grabaskas will be responsible for the operations blueprint and execution while leading the company’s DeNovo and M&A (merger and acquisition) development as well as operations, marketing/sales and information technology management teams. Mr. Grabaskas will report to PHOENIX’sPresident and CEO, David D. Watson, PT.
“Pete’s experience in aligning an organizations vision with its strategic goals and demonstrated execution will strengthen PHOENIX’s position in Pennsylvania as the industry leader, as well as position the Company for significant growth in the Mid-Atlantic Region. With a proven track record for achieving substantial EBITDA growth for multiple regions, Pete’s executive leadership skills are well suited to lead PHOENIX as we continue in our mission to expand our brand and empower people to choose PHOENIX as their rehabilitation provider of choice,” states Watson.
A graduate of Ohio State University, Grabaskas provides more than 25 years of experience in the physical therapy industry, driving organic and non-organic growth thru operational efficiencies and new development to PHOENIX. Prior to joiningPHOENIX in 2014, Grabaskas served as Chief Operating Officer for Physiotherapy Associates Inc., with previous posts as Regional VP and Area Regional VP for Benchmark Medical Inc.
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 61 outpatient physical therapy centers located throughout the states of Pennsylvania and Virginia, including five “WorkPlace Health” (“WPH”) centers. WPH provides occupational health services such as injury care and injury case management., as well as random drug screen management, DOT and Non-DOT physicals. 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 withPHOENIX via Twitter (@PHOENIXRehab1), Facebook (PHOENIXRehab), LinkedIn and YouTube (PHOENIXRehab1997).
About 3 Rivers Capital
Founded in 2005, 3 Rivers Capital is a Pittsburgh-based private equity firm which focuses primarily on equity recapitalizations and buyouts of companies with revenues of up to $50M and EBITDA of up to $7M. The primary focus is acquiring niche manufacturing and specialty service businesses that present a clear and compelling opportunity to create value. 3 Rivers Capital adds value through active ownership and supportive partnerships for highly motivated management teams. For more information, please visit 3riverscap.com.