Today we are excited to announce further expansion in the state of California with the acquisition of Kinetix Advanced Physical Therapy (Kinetix APT), which operates two clinics in Valencia and Lancaster. The addition of Kinetix grows PRN’s California footprint to 62 clinics.
“We are excited to continue widening access to quality PT care in California’s Los Angeles County with the addition of Kinetix Advanced Physical Therapy,” said Ajay Gupta, CEO, PRN. “Kinetix Co-founders Michelle Gawenda and Tim Eckard have proudly established the group’s recognizable role in each community as the PT provider of choice, which is a badge of honor that we look forward to continuing and expanding upon in this exciting next chapter for both groups.”
Founded in 2005, the Kinetix APT team is best known for its leading orthopedic manual physical therapy, aquatic therapy, pre- and post-surgical rehabilitation, and vestibular rehabilitation care programs. Their highly respected and decorated team collectively brings more than 45 years of treatment experience.
“Michelle and I started Kinetix almost 17 years ago with a small, family clinic in Santa Clarita and a genuine commitment to high quality and individualized patient care,” said Mr. Eckard. “Kinetix has grown, but we’ve never lost sight of that mission which led us to expand to the Antelope Valley. PRN shares in that philosophy of patient care and successful outcomes, and also offers remarkable operational and clinical support, which will allow Kinetix to thrive in our communities. It’s a win-win for all and I’m thrilled to be a part of the PRN family.”
PRN is a portfolio company of Gryphon Investors, a leading middle-market private equity firm.
PricewaterhouseCoopers LLP., and Bass, Berry & Sims PLC acted as advisors to PRN on the transaction.
To learn more about Kinetix Advanced Physical Therapy, visit Kinetixapt.com.