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New Harbor Capital Portfolio Company FYZICAL Completes 12 Franchisee Clinic Acquisitions

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New Harbor Capital is pleased to announce that its portfolio company, FYZICAL Therapy & Balance Centers, has completed 12 franchisee clinic acquisitions consisting of seven clinics in Colorado, four clinics in South Dakota, and one clinic in Florida. FYZICAL is a leading franchisor and operator of physical rehabilitation centers specializing in balance and vestibular therapy and wellness programs.

These acquisitions will expand FYZICAL’s company-owned footprint throughout the Western, Midwest, and Southern regions, and will also introduce two new states, Colorado and South Dakota, to the company-clinic family. The addition of these clinics brings the Company to 51 company-owned clinics in 11 states, with a total of 432 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 thrilled to welcome these twelve clinics into our company-owned network,” said Brian Belmont, CEO of FYZICAL. “The growth of our company clinic footprint is exciting for all, as it allows the FYZICAL team to continue to improve upon and share best practices to better serve all FYZICAL 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 430 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