Physical Rehabilitation Network (“PRN”) is a leading physical therapy clinic (“PT Clinic”) platform in the western U.S. The Company owns and operates 82 PT Clinics and provides management services to an additional 20 PT Clinics in California, Colorado, Nevada, Texas and Washington. PRN PT Clinics provide a variety of outpatient rehabilitation services, including: physical therapy, occupational therapy, hand therapy and other ancillary services. The Company has an attractive business model, partnering with therapists highly respected in their local markets to develop and manage each clinic. The therapist partners maintain their own branding and relationships with referral sources and also typically own a minority interest in the clinic, while PRN corporate in turn provides a comprehensive set of centralized management services to the clinics.
PRN is actively looking for de novo development opportunities as well as add-on investment opportunities.
De Novo Developments:
- Arlington, WA (February 2013)
- Vista Rehab Partners – 12 clinics in the Dallas-Fort Worth MSA (December 2012)