Accelerated Rehabilitation Centers, Inc., a platform portfolio company of OMERS Private Equity, has completed its acquisition of Momentum Physical Therapy, Inc., a two-clinic rehabilitation practice located in Chicago, Illinois. Accelerated Rehabilitation, also of Chicago, is a physical therapist-owned and operated provider of outpatient rehabilitation services. OMERS bought the company from US private equity firm Gryphon Investors in 2011.
Accelerated Rehabilitation Centers Expands Chicago Presence Through Acquisition of Momentum Physical Therapy
CHICAGO, ILLINOIS–(Marketwire – Jan. 15, 2013) – Accelerated Holdings, LLC, together with its affiliates and related companies (collectively, “Accelerated”) is pleased to announce that it has completed the acquisition of Momentum Physical Therapy (“Momentum”), a two-clinic practice located in Chicago’s north suburbs.
Momentum was founded in 2007 by Michael Shoemake, PT and has locations in Libertyville and Lakemoor, Illinois. Momentum provides a range of traditional and specialty rehabilitation services.
Eric Warner, President and CEO of Accelerated, stated “Momentum has a history of focusing on clinical excellence, which aligns closely with our philosophy at Accelerated. We look forward to partnering with Mike and his team going forward.”
About Accelerated Rehabilitation Centers
Accelerated, a platform company of OMERS Private Equity, is a leading provider of outpatient rehabilitation services, including pre- and post-operative care and treatment for orthopedic-related disorders, sports-related injuries, and rehabilitation of injured workers. Through a network of 288 centers, including 237 owned centers and 51 Management Service Agreements, Accelerated offers a comprehensive range of outpatient rehabilitation services that help patients return to the highest possible level of functional mobility to maximize independence and improve quality of life. For further information visit: www.acceleratedrehab.com.
About OMERS Private Equity Inc.
Operating under the OMERS Worldwide brand, OMERS Private Equity today manages the private equity activities of OMERS and has over $6.5 billion of investments under management. The group’s investment strategy includes the active ownership of businesses in North America and Europe. OMERS Private Equity is headquartered in Toronto, Canada, with offices in New York and London. For further information visit: www.omerspe.com.
OMERS is one of Canada’s largest pension funds with over $55 billion in net assets. It provides first-class pension administration and innovative products and services to 420,000 members. Approximately one in every 20 employees working in the province of Ontario is an OMERS member. Through the OMERS Worldwide brand, our team of investment professionals uses a direct drive, active management investment strategy to invest in public and private market assets, including publicly-traded equities, fixed-income, infrastructure, private equity and real estate. For further information visit: www.omers.com or www.omersworldwide.com.
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