ATLANTA--(BUSINESS WIRE)--Feb 3, 2025--
PT Solutions Physical Therapy, a leading provider of rehabilitation services, announced today the completion of its acquisition of the physical therapy branch of OrthoCarolina. The acquisition includes 24 therapy clinics offering physical therapy and rehabilitation to patients, including occupational therapy and sports rehabilitation, in metro Charlotte, Winston-Salem, Hickory, Shelby and Boone.
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PT Solutions will work with Novant Health to deliver exceptional physical therapy care to patients throughout the region. This strategic move underscores PT Solutions’ commitment to expanding access to high-quality physical therapy services in collaboration with Novant Health.
“At PT Solutions, we are dedicated to setting a new standard of care for our patients while providing industry-leading professional development opportunities for our clinicians. OrthoCarolina and Novant Health share that commitment,” said Dale Yake, founder and CEO of PT Solutions. “Our acquisition of OrthoCarolina physical therapy enables us to further expand our footprint, and together with Novant Health, we are excited to deliver transformative care that prioritizes patients, employees, and communities.”
“We are pleased to be working with PT Solutions to build on the strong foundation of these clinics to provide remarkable care for those looking to regain independence and quality of life,” said Dean Swindle, executive vice president and chief strategy officer, Novant Health and president of Novant Health Enterprises. “This opportunity and new relationship with PT Solutions enhances Novant Health’s well-established physical therapy services, helping patients throughout their recovery with the expert and compassionate support they need.”
“We are excited for PT Solutions to provide therapy services for our patients,” said Dr. Leo Spector, CEO of OrthoCarolina. “Our companies have a shared vision to provide not only high-quality care but an outstanding patient experience. This relationship will allow OrthoCarolina patients expanded access to therapy services throughout the communities in which they live.”
Current patients may continue visiting their same therapy providers. For a complete list of clinic locations, click here.
Bailey & Company served as financial advisor to OrthoCarolina on this transaction.
About PT Solutions Physical Therapy
Founded in 2003 by CEO and physical therapist Dale Yake, PT Solutions Physical Therapy is a physical therapy practice based in Atlanta, Georgia, with more than 550 points of service across 25 states. PT Solutions provides physical and occupational therapy, speech-language pathology, athletic training, and sports medicine services in outpatient, inpatient rehabilitation, and acute care settings. PT Solutions continues to expand its national footprint through its unique model of hospital partnerships, private acquisitions, and de novo clinics. Through its APTA-accredited residency program, PT Solutions educates, trains, and trusts its professionals to provide research-supported care in hospitality-driven and service-oriented environments. For more information on PT Solutions, please visit ptsolutions.com.
About Novant Health
Novant Health is an integrated network of more than 900 locations, including 19 hospitals, more than 750 physician clinics and urgent care centers, outpatient facilities, and imaging and pharmacy services. This network supports a seamless and personalized healthcare experience for communities in North Carolina and South Carolina. Novant Health is nationally recognized for our unwavering commitment to safety and the highest quality care, and we serve as a catalyst for healthcare transformation through clinical trials, leading-edge research, innovative care delivery models and robust virtual care networks. The expertise and empathy of our more than 40,000 team members along with more than 8,500 independent and employed clinicians are at the heart of Our Cause as industry leaders caring for communities across the Carolinas. In 2023, Novant Health provided more than $1.6 billion in community benefit, including financial assistance and services. For more information, visit NovantHealth.org.
About OrthoCarolina
Since 1922, OrthoCarolina has been a distinguished and reputable physician-owned and physician-led orthopedic practice that prioritizes delivering exceptional patient-centered care and pioneering solutions. As industry leaders in their respective specialties, OrthoCarolina consistently pushes the boundaries of medical advancements and actively contributes to the training of new specialists. Their mission is to enhance accessibility to unparalleled orthopedic care while simultaneously reducing costs for their valued patients. With an extensive network of over 40 locations and seven Orthopedic Urgent Care Centers (OUCs) across the Carolinas, OrthoCarolina ensures patients receive comprehensive and convenient orthopedic access across the care continuum. Learn more at orthocarolina.com.
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Charles Moran, PT Solutions Chief Growth & Strategy Officer, (770) 366-9747
KEYWORD: GEORGIA UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: HEALTH SURGERY FITNESS & NUTRITION PHYSICAL THERAPY MANAGED CARE GENERAL HEALTH
SOURCE: PT Solutions Physical Therapy
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PUB: 02/03/2025 08:30 AM/DISC: 02/03/2025 08:30 AM
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