H2 Health is proud to welcome Physical Therapy Today to our outpatient family! With 8 locations in the greater Lubbock area, this acquisition expands our platform’s reach to 34 locations across Texas. We look forward to continuing to execute on our mission of bringing high quality outpatient therapy services to more communities and further growing the national footprint of our clinics. Read all about it in our press release below…
H2 Health Announces the Acquisition of Physical Therapy Today of Lubbock
Transaction expands H2’s regional coverage throughout Texas
Jacksonville, Florida — May 8, 2023 — H2 Health, www.h2health.com, a comprehensive rehabilitation provider, announced today the acquisition of Physical Therapy Today of Lubbock (PTT), the leading provider of therapy services in Lubbock, Texas, and throughout the Texas panhandle. Twin Brook Capital Partners provided debt financing in connection with the transaction as part of a larger refinancing of H2 Health.
Founded in 2003, PTT has a long-standing reputation as entrusted healthcare leaders in all the communities they serve. From Lubbock to Garland, to Amarillo, PTT has carefully staged its growth and has a tremendous track record of successful denovo expansion throughout the region.
Guy Sansone, CEO, Chairman and Co-Founder of H2 Health noted, “We are beyond thrilled to add the PTT team to our H2 Family. Bill, Rick and Marray have an established, first class reputation for high quality care within their communities and throughout the great state of Texas. This acquisition adds eight exceptional facilities to our portfolio and strengthens our leadership throughout the state as we continue to move toward our goal of becoming the largest PT provider in Texas.”
Bill Lewis, co-founder of PTT added, “Culture and commitment to our employees was most important to the owners of PTT, and during the last few months it became clear that H2’s commitment to people was aligned with our spirit and goals. We truly believe there are great growth prospects for us in West Texas and very much look forward to working with H2 senior leadership to continue growth within our region.”
After closing this transaction, H2 Health will own or operate over 180 clinic locations of which 40 are located in our Texas and Oklahoma region. H2 Health operates physical therapy clinics for adults, as well as, pediatric therapy and applied behavior analysis for children, and the Company anticipates adding these services throughout the state.
Mr. Sansone also added, “With great leadership from Lubbock, to Fort Worth, to Austin, North to Wichita Falls, and East to Longview and Tyler, H2 is well positioned to service all adults and kids throughout the state of Texas and into markets wherever the need is underserved.”