Athletico Physical Therapy Welcomes Growth Investment from BDT Capital Partners, LLC
OAK BROOK, Ill., Nov. 15, 2016 /PRNewswire/ -- Athletico Physical Therapy ("Athletico"), one of the largest providers of orthopedic rehabilitation services in the U.S. with more than 350 locations throughout nine states, announced today that BDT Capital Partners will be making a significant long-term growth equity investment in the company.
Athletico serves communities, employers and athletes in Arizona, Illinois, Indiana, Iowa, Michigan, Missouri, Ohio, South Dakota and Wisconsin, employing more than 4,000 clinical and support staff and offering more than 40 orthopedic rehabilitation, physical therapy, athletic training, occupational therapy, sports medicine, outreach, and fitness services. Mark Kaufman, who founded Athletico in 1991, launched the company with a vision to revolutionize physical therapy by providing exceptional, progressive and cost-effective outpatient rehabilitation and fitness services through personalized care that emphasizes patient education and prevention of future injury. Athletico also has formed partnerships with a number of sports teams, including the Chicago Bears, Chicago Blackhawks, Chicago Bulls, St. Louis Cardinals, Chicago White Sox, Detroit Red Wings, U.S. Soccer, and the Big Ten Conference, among others.
"Our success is based on our patient-centric focus, genuine core values, positive work environment, high standards of care, attention to quality and a commitment to measuring outcomes and patient satisfaction," said Mark Kaufman, founder, president and CEO of Athletico. "We welcomed the new investment from BDT because they are committed to building on this strong foundation while accelerating growth so that we can reach more communities and patients throughout the country. BDT's experience partnering with entrepreneurs, founders and their network of successful business owners will help us bring our mission to new markets through strategic acquisitions and organic growth."
"Mark Kaufman, his leadership team and the committed clinicians who work at Athletico are passionate about providing quality care and service to patients," said Chris Williams, Partner at BDT Capital Partners. "We look forward to working with the team at Athletico to build upon the strength of the business and expand their reach in a large and growing market. This investment is a perfect example of our merchant banking model – to partner and invest alongside best-in-class and enduring closely held businesses with strong management teams and loyal customers."
Additional terms of the investment were not disclosed. Closing is subject to customary conditions and is expected to occur in December.
Athletico Physical Therapy provides the highest quality orthopedic rehabilitation services to communities, employers and athletes in over 350 locations throughout nine states with more than 4000 employees. Athletico is committed to our patients and referring physicians through our patient-centric focus, positive work environment, attention to quality and high standard of care. Athletico measures patient outcomes and satisfaction and is dedicated to continuous improvement. Athletico was named #1 Workplace in Chicago, "Best Physical Therapy Practice in the Nation" by ADVANCE magazine, Top Workplace in the Nation, and has been recognized as a leader in employee volunteering and charitable giving. Our services include physical and occupational/hand therapy, workers' compensation, women's health therapy, concussion management and athletic training. For more information, or to schedule a free injury screening, please visit www.athletico.com/a> and follow us on Twitter at @Athletico.
About BDT Capital Partners
BDT Capital Partners provides family- and founder-led businesses with long-term, differentiated capital. The firm manages more than $9 billion across its investment funds and $3.5 billion of co-investments from its global limited partner investor base. The firm's affiliate, BDT & Company, is a merchant bank that works with family- and founder-led businesses to pursue their strategic and financial objectives. BDT & Company provides solutions-based advice and access to a world-class network of business owners and leaders.
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SOURCE BDT Capital Partners