Benchmark Medical and Physiotherapy Associates Complete Merger
The second largest outpatient rehabilitation company nationally was formed when the merger between Physiotherapy Associates and Benchmark Medical was finalized on June 28th. The deal between the two private-equity firms that owned each company did not include disclosure of the financial details.
The newly formed company will retain the Physiotherapy name. Services provided include physical therapy and rehabilitation, along with prosthetic and orthotic services. Over 800 clinics across the United States will carry the Physiotherapy Associated banner.
The CEO of Benchmark Medical, Bill Floyd, will lead the organization as the new CEO. Company headquarters will be located in the western suburbs of Philadelphia.
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June 29, 2007 Related topics: General Management & Administration, Orthopedic