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Physical Rehabilitation Network Acquires Washington-State Based Bonney Lake Physical Therapy & Hand Rehab

Dec 29, 2021•over 3 years ago

Acquiring Company

Physical Rehabilitation Network

Acquired Company

Physical Rehabilitation Network

Health CareHealth Care

Description

Physical Rehabilitation Network (“PRN”), a leading physical therapy provider and practice management organization, today announced continued expansion in the state of Washington with its acquisition of Bonney Lake Physical Therapy & Hand Rehab, PLLC (“Bonney Lake PT”). The addition of Bonney Lake elevates PRN’s Washington footprint to 22 clinics.

Company Information

Company

Physical Rehabilitation Network

About

Founded in 1991, Physical Rehabilitation Network, LLC., specializes in physical therapy care, workplace ergonomics solutions and serves as a comprehensive practice management organization, providing non-clinical administrative support services to physical therapists across 16 states in the western and central portions of the U.S. PRN is known for its leading, value-driven practice management services and innovative, outcomes-driven physical therapy care.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed