Under this new partnership, PRN will acquire 360 PT’s highly accredited outpatient physical rehabilitation clinics, which will continue offering leading pain resolution and recovery solutions through traditional land-based therapies, outcomes-led aquatic therapy and specialty programs such as vestibular rehabilitation, women’s health treatment, sports therapy and more.
“I am incredibly excited for our future with 360 PT. We plan to continue growing our Arizona footprint as well as extending our support to new markets across the U.S.,” said Ajay Gupta, CEO, PRN. “360 PT was established on a forward-thinking, team-driven and patient-centered culture, pillars that align nicely with PRN’s values and core purpose. Together, we believe this strategic partnership will allow for continued expansion of patient services as we grow locations and add staff expertise.”
Celebrating its 20th anniversary, Chandler, AZ-based 360 PT, which was founded by leading PT expert Tresha Baldwin, will continue building on its family-oriented foundation as it looks to extend market growth leveraged through PRN’s vast support network and resources.
“This is an exciting step in our growth and our mission to provide great patient care,” said Ms. Baldwin. “Over the past 20 years, 360 PT has been proud to serve the local communities across Arizona and Oklahoma, so it was important for us to align with a partner like PRN that brings a deep well of operational resources, strong clinical leadership and progressive vision - capabilities that will surely enable us to achieve even better care for generations to come across the communities we support.”
PRN is a portfolio company of Gryphon Investors, a San Francisco-based middle market private equity firm.
PricewaterhouseCoopers LLP., FTI Consulting and Bass, Berry & Sims PLC acted as advisors to PRN on the transaction.
To learn more about 360 PT’s multi-state network of physical therapy clinics or to schedule an appointment at one of their physical therapy locations, please call (480) 821-1997 or visit them online at 360physicaltherapy.com.