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Phoenix Physical Therapy and Health Services, Inc. Enters into New Management Partnership with Audax Private Equity


Company Positioning for Continued Growth Throughout the East Coast

Phoenix Physical Therapy and Health Services, Inc. (“Phoenix“), a well-respected provider within the physical rehabilitation industry, announces Audax Private Equity (“Audax”) has acquired the Company from private equity firm, 3 Rivers Capital.  With offices in BostonNew York, and San Francisco, Audax Group is an alternative asset management firm specializing in investments in middle-market companies. Learn more about Phoenix at

David D. Watson, CEO of Phoenix, said, “Audax’s extensive resources and expertise partnering with leading healthcare services companies will help us provide an excellent experience to more patients, therapists, and employees. We are excited to work with Audax as we enter our next stage of growth.”

Geoffrey S. Rehnert, Co-Chief Executive Officer, Audax Group, said, “Phoenix’s best in class culture and focus on patient and therapist satisfaction has earned an outstanding reputation in the physical therapy market. We look forward to partnering with David Watson and the Phoenix team and expanding the Company’s presence through de Novos and acquisitions.”

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