Chicago, IL – October 9, 2012 – Accelerated Holdings, LLC, together with its affiliates and related companies (collectively, “Accelerated”) is pleased to announce that it has completed the acquisitions of Newsome Physical Therapy (“Newsome”), Premier Physical Therapy (“Premier”), and WorkSport Rehabilitation Services (“WorkSport”), adding 29 clinics to its platform.
Founded in 1963, Newsome has grown to become one of the most respected outpatient clinical organizations in the Chicago area, and currently operates 24 clinics in Illinois and Ohio, providing a range of traditional and specialty rehabilitation services. Going forward, the business will continue to be led by Mr. Gregory Newsome and supported by his talented team of clinicians.
Founded in 1990, Premier, which operates three outpatient rehabilitation clinics, is known for providing high-quality care in the Peoria, IL area. Premier will continue be led by Mr. J. Douglas Nimrick, PT and Mr. Anthony Rapplean, PT.
WorkSport, which is based in South Bend, IN, operates two clinics in the Indiana marketplace and has an excellent reputation in the local community for providing first-class care. WorkSport will continue to operate under the leadership of Mr. Randall Brooks, PT.
Eric Warner, President and CEO of Accelerated, stated “Newsome, Premier, and WorkSport share our philosophy of providing exceptional care for their patients and are natural partners for Accelerated. We look forward to actively working with them as we aim to build the leading outpatient rehabilitation provider in the nation.”
About Accelerated Rehabilitation Centers
Accelerated, a platform company of OMERS Private Equity, is a leading provider of outpatient rehabilitation services, including pre- and post-operative care and treatment for orthopedic-related disorders, sports-related injuries, and rehabilitation of injured workers. Through a network of 260 centres, including 218 owned centres and 42 Management Service Agreements, Accelerated offers a comprehensive range of outpatient rehabilitation services that help patients return to the highest possible level of functional mobility to maximize independence and improve quality of life. For further information visit: www.acceleratedrehab.com.
About OMERS Private Equity Inc.
Operating under the OMERS Worldwide brand, OMERS Private Equity today manages the private equity activities of OMERS and has over $6.5 billion of investments under management. The group's investment strategy includes the active ownership of businesses in North America and Europe. OMERS Private Equity is headquartered in Toronto, Canada, with offices in New York and London. For further information visit: www.omerspe.com.
OMERS is one of Canada's largest pension funds with over $55 billion in net assets. It provides first-class pension administration and innovative products and services to 420,000 members. Approximately one in every 20 employees working in the province of Ontario is an OMERS member. Through the OMERS Worldwide brand, our team of investment professionals uses a direct drive, active management investment strategy to invest in public and private market assets, including publicly-traded equities, fixed-income, infrastructure, private equity and real estate. For further information visit: www.omers.com or www.omersworldwide.com.
Eric Warner, PT MS
Chief Executive Officer
Accelerated Rehabilitation Centers
Senior Managing Director
OMERS Private Equity