MOTION PT Holdings Inc, which is backed by Pharos Capital Group, has acquired Bradley & Monson Physical Therapy. No financial terms were disclosed. Bradley & Monson is a provider of physical therapy, massage, independent fitness workouts and other customized services.
New York, October 7, 2015 – MOTION PT Holdings, Inc. (“MOTION”), a leading provider of physical therapy and occupational therapy services in New York, announced today it has acquired Bradley & Monson Physical Therapy (“Bradley & Monson”). MOTION, formed in June 2015, is a portfolio company of Pharos Capital Group, LLC (“Pharos”). Terms of the transaction were not disclosed.
Founded by Maggie Bradley and Lori Monson in 1981, Bradley & Monson offers physical therapy, massage, independent fitness workouts and other customized services to treat and prevent a wide range of orthopedic conditions as well as injuries from sports, dance or the performing arts. Ms. Bradley and Ms. Monson will join Motion PT, as will the other Bradley & Monson staff.
Edward R. Miersch, President and CEO of MOTION, said, “Maggie and Lori are highly regarded in our industry and we are delighted to have them join our team. They have built a practice with a significant penetration of patient self-referrals and their networking skills and Upper West Side location will add tremendously to MOTION’s capabilities as our platform continues to build the area’s premier physical therapy network.”
Ms. Monson added, “We are thrilled to be a part of this tremendous top-tier company, and are fortunate to find a growing practice that shares the philosophy of care that we have fostered for over 34 years. We will continue to provide personalized service and individualized care with the highest level of expertise and experience. We look forward to working with Ed and the terrific team at MOTION as we develop and expand our services to the community as well as enrich our staff.”
Anyone interested in business development opportunities involving MOTION should contact Adam Persiani of Pharos Capital at email@example.com.
About MOTION PT Holdings
MOTION PT Holdings was formed in June 2015 through the combination of Brooklyn-based MetroSportsMed with Manhattan-based STAR Physical Therapy. Today, MOTION has over 180 employees. Headquartered in Brooklyn, New York, with 11 locations, the company is a leading provider of comprehensive physical and occupational therapy services with locations in Brooklyn, Manhattan and Long Island.
About Pharos Capital Group
Based in Dallas and Nashville, Pharos Capital Group is an SEC Registered Investment Advisor. Since inception, Pharos has invested in 46 companies and has managed over $1 billion of assets. Pharos typically invests $25-$50 million in rapidly growing middle market companies seeking later stage funding for internal growth, acquisitions, leveraged buyouts, management buyouts, or recapitalizations across industry sectors, with particular focus on healthcare and business services.