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New Harbor Capital Portfolio Company FYZICAL Completes Acquisition of Michigan Franchisee

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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 an add-on acquisition.

The acquisition of the two Michigan-based franchisee clinics will expand FYZICAL’s corporate-owned footprint in the Midwest. This expansion enables the FYZICAL team to deploy various pilot initiatives in more marketplaces, thereby providing its franchise community with evidence-based best practices.

“We are excited to welcome these two clinics into our corporate-owned network,” said Chris Mulvey, President of FYZICAL Company Clinics. “We will continue to invest in FYZICAL with a commitment to creating Centers of Excellence throughout the country for franchisees to leverage as examples of best practices. This strategy is a benefit of being a part of a franchise organization,” 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