MOTION PT Group, a portfolio company of Pharos Capital Group, has acquired Community Physical Therapy. MOTION was acquired by Pharos in June 2015.
Community Physical Therapy (CPT) offers one-on-one physical therapy services out of three locations, one each in the New York boroughs of Queens, Manhattan and Brooklyn. The company treats conditions including cervical and lumbar pain, post-operative conditions, osteoarthritis, rheumatoid arthritis, balance disorders, gait disorders, general weakness and deconditioning, postural dysfunctions, sports injuries, chronic pain and fibromyalgia. CPT was founded by the Dr. Roslyn Sofer in 1981, and she and her son, Dr. David Sofer, will continue in their roles with the company. The rest of the CPT staff will join MOTION PT Group as well (www.cptclinic.com).
“Both Roslyn and David have an extremely loyal patient base and a well-deserved reputation for providing innovative, customized care. Their close relationships with the medical community result in regular referrals from New York’s top physicians in sports medicine, orthopedics, neurology and physiatry,” said Edward Miersch, President and CEO of MOTION. “They are a potent force in higher education and their involvement in local, state, and national issues in physical therapy reinforces their passion for our industry. They will add significantly to MOTION’s capabilities as we continue to build the premier physical therapy network in the New York area.”
MOTION PT Group is a provider of physical and occupational therapy services. The company was formed in June 2015 through the combination of MetroSportsMed (Brooklyn) with STAR Physical Therapy (Manhattan). Today, MOTION has over 250 employees and 18 locations and is headquartered in New York City (www.motionptg.com) (www.metrosportsmed.com) (www.starphysicaltherapy.com).
Pharos Capital Group invests from $25 million to $50 million in companies seeking later stage funding for internal growth, acquisitions, management buyouts or recapitalizations. The firm invests across many sectors but has a particular interest in healthcare and business services. Pharos has offices in Dallas and Nashville (www.pharosfunds.com).
© 2016 PEPD • Private Equity’s Leading News Magazine • 3-3-16
