CRANBERRY TOWNSHIP, Pa., March 3, 2020 — Phoenix Physical Therapy (“Phoenix”), has signed a definitive agreement to acquire Colorado Athletic Conditioning Clinic (“CACC”), expanding the company’s geographic reach to Colorado.
“As a physical therapy leader in Denver, adding CACC to our family made perfect strategic sense,” said Chris Ciatto, Chief Executive Officer of Phoenix.
In operation for more than 30 years, CACC operates four clinics throughout the Denver area offering specialized physical therapy care. CACC clinics will continue to be managed by Mark Navilliat, its current Founder and President. The company’s 50+ employees will all transition to Phoenix and remain part of the team going forward.The addition of CACC allows Phoenix to expand both its geographic reach and its capabilities in providing quality, specialized physical therapy care to patients.
“As a physical therapy leader in Denver, adding CACC to our family made perfect strategic sense,” said Chris Ciatto, Chief Executive Officer of Phoenix. “The CACC culture is closely aligned with Phoenix’s making this an overall great fit. This was a good opportunity to enter a new geography and with a strong local partner known for delivering exceptional patient care. We look forward to welcoming the CACC team and combining the best of our innovation, practices and skills to bring even greater value to our local communities. We will be better together.”
“We are looking forward to joining the team members at Phoenix, sharing our best practices, and our commitment to providing the best possible care to our patients,” said Navilliat. “Joining Phoenix will allow us to invest in our infrastructure, continue our growth plan in our markets and provide our team with enhanced benefits and opportunities. Together, we are better able to continue to meet the ever-evolving challenges in healthcare.”
Phoenix is actively looking for strategic partners that are seeking growth opportunities for their private practice and their team. If you are interested in partnering with us and taking your business to the next level, please contact Mike Piekutoski, Vice President of Mergers and Acquisitions at 412-496-0901.###
About Phoenix Physical Therapy, Inc.
Founded in 1997 and headquartered in Cranberry Township, Pennsylvania, Phoenix is a privately held community of over 115 out-patient physical therapy clinics located across the United States. The Phoenix team is committed to providing the highest quality and value-based physical and occupational therapy care. Learn more at phoenixphysicaltherapy.com.