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Advanced Physical Therapy acquired by Illinois company

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Indianapolis-based Advanced Physical Therapy and its 15 clinics in Indiana have been acquired by Bolingbrook, Ill.-based ATI Physical Therapy.

Terms of the deal, announced on Wednesday, were not disclosed.

Founded in 1985 by JoAnne Jonathan, Advanced Physical Therapy operates seven clinics in Indianapolis and others in Anderson, Bloomington, Franklin, Greenfield, Greenwood, Lafayette, Noblesville and Shelbyville.

With 175 employees, Advanced Physical Therapy is the third largest operator of physical therapy clinics in the Indianapolis area, according to IBJ research, trailing only Indiana University Health and St. Vincent Physical Therapy Centers.

The clinics will retain the Advanced Physical Therapy name for the “time being,” ATI said, and Jonathan will remain with ATI to “work with the executive team directly on strategic planning and growth opportunities.”

Kim Kollwelter of ATI has been promoted to vice president of operations to lead the Indianapolis clinics. Kollwelter began her career at ATI in 2004 and most recently served as regional director, overseeing the Illinois southwest region and Wisconsin.   

“As we expand in Indiana, we are thrilled to welcome the foremost physical therapy provider in Indianapolis to the ATI family,” ATI CEO Greg Steil said in a written statement.’

Its acquisition is part of an ATI growth plan that involves the opening or acquisition of 34 new clinics so far this year. ATI operates 134 clinics in six states: Delaware, Illinois, Indiana, Maryland, Pennsylvania and Wisconsin.

 

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  1. These liberals are out of control. They want to drive our economy into the ground and double and triple our electric bills. Sierra Club, stay out of Indy!

  2. These activist liberal judges have gotten out of control. Thankfully we have a sensible supreme court that overturns their absurd rulings!

  3. Maybe they shouldn't be throwing money at the IRL or whatever they call it now. Probably should save that money for actual operations.

  4. For you central Indiana folks that don't know what a good pizza is, Aurelio's will take care of that. There are some good pizza places in central Indiana but nothing like this!!!

  5. I am troubled with this whole string of comments as I am not sure anyone pointed out that many of the "high paying" positions have been eliminated identified by asterisks as of fiscal year 2012. That indicates to me that the hospitals are making responsible yet difficult decisions and eliminating heavy paying positions. To make this more problematic, we have created a society of "entitlement" where individuals believe they should receive free services at no cost to them. I have yet to get a house repair done at no cost nor have I taken my car that is out of warranty for repair for free repair expecting the government to pay for it even though it is the second largest investment one makes in their life besides purchasing a home. Yet, we continue to hear verbal and aggressive abuse from the consumer who expects free services and have to reward them as a result of HCAHPS surveys which we have no influence over as it is 3rd party required by CMS. Peel the onion and get to the root of the problem...you will find that society has created the problem and our current political landscape and not the people who were fortunate to lead healthcare in the right direction before becoming distorted. As a side note, I had a friend sit in an ED in Canada for nearly two days prior to being evaluated and then finally...3 months later got a CT of the head. You pay for what you get...

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