New Harbor Capital is pleased to announce that its portfolio company FYZICAL, a leading franchisor and operator of physical rehabilitation centers specializing in balance therapy and wellness programs, has completed acquisitions of two franchisee clinics in Georgia and three franchisee clinics in Florida.
These acquisitions will expand FYZICAL’s company-owned footprint throughout both the southern Georgia and Florida panhandle regions. FYZICAL’s company-owned clinics’ regional presence now includes two clinics in Georgia and 20 clinics in Florida. The addition of these clinics brings the Company to 36 company-owned clinics in seven states and with a total of 426 clinics under brand in 45 states. This expansion enables the FYZICAL team to deploy various pilot initiatives in more marketplaces, thereby providing its franchise community with evidence-based industry-leading practices.
“We are excited to welcome these clinics into our company-owned network,” said Brian Belmont, CEO of FYZICAL. “As we move forward, we will continue to partner with our best of class franchisees. This partnership helps increase our ability to optimize our business systems, enabling our clinical team to focus on the success and recovery of their patients,” he added.
New Harbor Capital completed a majority equity investment in FYZICAL in 2017, attracted to its unique model, market-leading position, and ability to deliver a model of coordinated care at a national level.
FYZICAL is the fastest-growing physical therapy franchise in the United States and is headquartered in Sarasota, Florida. With more than 400 centers in 45 states, FYZICAL’s revolutionary business model is designed to optimize profitability and growth and offers comprehensive patient care through unique balance protocols and healthy lifestyle products and services. FYZICAL is a champion of patient choice and direct access, and a leader in the future of health, wellness and preventative care. For more information, visit www.FYZICALFranchise.com.