The merger of two outpatient rehabilitation services providers has created one of nation's largest players in this market. As a merged company, Benchmark Medical and Physiotherapy Associates will generate combined revenue of $420 million and operate more than 800 clinics.
With the merger the new company, which will be called Physiotherapy Associates, will be second only to NovaCare Rehabilitation in size. NovaCare runs 1,100 outpatient rehabilitation centers across the U.S.
The move is part of a larger trend in which varied providers are positioning to take advantage of favorable conditions for the rehab business. These players hope to exploit the projected growth in demand caused by the graying of the U.S. population.
To learn more about the deal:
- read this Philadelphia Business Journal item