New Harbor Capital’s FYZICAL Acquires Two of its Franchisees
New Harbor Capital is pleased to announce that portfolio company FYZICAL, a leading franchisor and operator of physical rehabilitation centers specializing in balance therapy and wellness programs, has completed two add-on acquisitions. The acquisitions expand FYZICAL’s corporate-owned footprint into the Carolinas. The expansion enables the FYZICAL corporate team to deploy various pilot initiatives in more marketplaces, thereby providing its franchise community with additional evidenced best practices for success.
“We are excited to welcome these five clinics into the 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. John Pircon, Principal at New Harbor Capital, notes, “These acquisitions represent FYZICAL’s fourth and fifth since New Harbor’s investment and are a great example of management creating a five-year plan and seeing it through.”
About FYZICAL
FYZICAL is the fastest-growing system of physical therapy, balance and healthy lifestyle centers in the United States and is headquartered in Sarasota, Florida. With more than 402 centers in 46 states, FYZICAL is changing the face of health care through accessibility and a revolutionary franchise business model. For more information on the FYZICAL opportunity, visit FYZICALFranchise.com. To learn more about FYZICAL, treatment protocols and to find a list of locations, visit FYZICAL.com
