LifeBridge Health's sports medicine division has acquired a Baltimore-area physical therapy practice, giving it an another five clinics and nearly doubling its patients.
The clinics it acquired from Henning & Cole Therapy Associates are located in Hunt Valley, Bel Air, Essex, Perry Hall, and Belcamp, bringing its total number to 11.
The expansion in physical therapy also allows the health care organization to keep its grip on aging baby boomers as they stay active longer.
Having more clinics makes it easier for LifeBridge to keep patients once they leave the hospital and seek physical therapy, says Matt Carlen, executive director of LifeBridge's wellness division. LifeBridge will handle about 6,000 physical therapy patients per month with the acquisition.
Each of the Henning & Cole clinics pulls in about $1 million in revenue, Carlen says. He declined to disclose the purchase price. The practice was known for relying on manual, hands-on therapy more than machines, he says.
LifeBridge Health is composed of Sinai Hospital, Northwest Hospital, Levindale Hebrew Geriatric Center and Hospital, Courtland Gardens Nursing and Rehabilitation Center, and LifeBridge Health and Fitness.
Writer: Julekha Dash
Source: Matt Carlen, LifeBridge