Location: Uniondale, NY
President, CEO and Founding Partner
DONE DEAL: Professional Physical Therapy recently acquired Premier Physical Therapy. “This deal presented itself to us in the fall of 2014 and culminated in July 2015, adding 13 new locations to our company’s existing 42 sites,” says Adam Elberg, president, CEO and founding partner. “The owners of Premier were three seasoned physical therapists who recognized the current market of consolidation in healthcare and the need to join forces.” Years ago, Professional’s founding partners were employees of the same hospital network as one of the partners from Premier. “As the years went on, a strong professional relationship developed, recognizing the high-caliber performance within both companies,” says Elberg.
Fun Fact: “Professional started out in 1999 with one small office in Bayside, Queens. The first two employees hired are still with the company today.”
BIG IMPACT: “This deal has made Professional the largest physical therapy provider in the tri-state area, and provided us with entry into our third state, Connecticut,” says Elberg. “This larger geographic footprint not only provides our patients with greater convenience but also allows us to begin a fuller expansion into Connecticut as part of a known entity in the area.” Another benefit of the acquisition is the ability to make larger investments, such as in-house legal counsel and more sophisticated processes for paperwork and billing.