Capstone Partners Cited in the Albuquerque Journal

October 4, 2017

Four ABQ orthopedic clinics acquired by California company

“While the physical therapy industry is in an aggressive consolidation trend, it remains highly fragmented as no one physical therapy company accounts for more than 10 percent of the market and the top five players make up only 20 percent,”  according to a recent industry report by investment advisers Capstone Partners. The $30-plus billion industry consists of 16,000 to 18,000 clinics nationally, with the majority  owned and operated by small local practitioners, generating on average of $1 million per center, according to the report.


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