Physical Rehabilitation Network, a physical therapy provider and practice management organization and portfolio company of Gryphon Investors, has acquired Albany Physical Therapy. The purchase elevates its portfolio in California with 59 clinics.
Going forward, PRN will acquire Albany’s outpatient therapy clinic location. The Albany team specializes in orthopedic physical therapy, sports medicine, pre and post surgical rehabilitation and neurological rehabilitation treatments.
“We are excited to continue expanding our access to quality PT care in California’s Bay Area with the addition of Albany Physical Therapy,” said Ajay Gupta, CEO, PRN.
PricewaterhouseCoopers LLP., and Bass, Berry & Sims PLC acted as advisors to PRN on the transaction.