Industry News

A mixed first quarter financial report didn’t quell U.S. Physical Therapy’s appetite for expansion as the Houston-based business swallows up another practice group.
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It's definite: Patterson Medical is taking its ball and going home. After spending months exploring the potential sale of its medical unit, Patterson Companies has reached an agreement to sell Patterson Medical to Madison Dearborn Partners for roughly $715 million.
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The NMEDA recently announced the winners of its "Local Heroes" contest, held as part of its National Mobility Awareness Month promotion in May.
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Gorbel Medical, Rochester, NY, recently installed a SafeGait physical therapy device in The Ohio State University Wexner Medical Center’s Outpatient Rehabilitation Facility at Martha Morehouse Medical Plaza in Columbus, Ohio.
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Jersey, Channel Islands-based private equity firm Nordic Capital increases its investment in the mobility and services sector with its recent acquisition of Sunrise Medical, Fresno, Calif, from Equistone Partners Europe.
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From freeways to main street, North American thoroughfares are about to see an upswing in wheelchair-accessible vehicles (WAVs) made available to commercial customers by Vantage Mobility International (VMI).
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Stealth Products, Burnet, Texas, has expanded its footprint in the complex rehabilitation market through its recent acquisition of San Antonio-based Accessible Designs Inc (ADI), a manufacturer of complex rehab mobility components.
Calabasas, Calif-based PTPN is celebrating its 30th anniversary as a specialty network of physical therapy, occupational therapy, and speech language pathology professionals in private practice.
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An increase in both total patient visits and the average net revenue attached to those visits helped drive up the total net revenues for Houston-based U.S. Physical Therapy, according to figures released May 7 in a media release from the company.
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Baltimore-based Kennedy Krieger Institute, which provides a wide range of services for children and young adults with disorders and injuries of the brain, spinal cord, and musculoskeletal system, has tapped Amy J. Bastian, PhD, as its first chief science officer.
DME Repair and Training LLC, Portland, Ore, is offering a repair training and credentialing program for the durable medical equipment industry, according to a media release from DMERT Group.
Kevin Carroll, MS, CP, FAAOP, accepting his award. (Image courtesy of Hanger Inc)
Kevin Carroll, MS, CP, FAAOP, vice president of prosthetics at Hanger Clinic—a business unit of Hanger Inc, Austin, Tex—recently received the Nancy Ford Springer Inspiration Award at the 2015 National Meningitis Foundation (NMA) “Give Kids a Shot!” Gala in New York City.
In a move that will result in their becoming one of the largest independently owned groups in the United States, two Minnesota-area orthopedic practices—Twin Cities Orthopedics and St Croix Orthopaedics—have announced that they will be joining forces beginning this summer.
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BraunAbility, a manufacturer of wheelchair-accessible vehicles and wheelchair lift systems based in Lafayette, Ind, recently struck a partnership with Purdue University with the aim of sparking a high level of innovation among mobility products.
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The clinical and research prowess of two leading rehabilitation hospitals will soon be felt throughout a network of healthcare facilities nationwide as part of a recent affiliation deal Louisville, Ky-headquartered, Kindred Healthcare Inc struck with Shepherd Center and Craig Hospital.
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San Diego, Calif-based DJO Global, Inc, recently announced financial results for its public reporting subsidiary, DJO Finance LLC (DJOFL). The company reportedly achieved net sales for the first quarter of 2015 of $280.1 million, which it says reflects negative growth of 0.9%, compared with net sales of $282.7 million for the first quarter of 2014.
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Women reportedly make up at least 30% of C-suite leadership at Patterson Companies Inc, which is the parent organization of the brand's supplier in the rehabilitation market, Patterson Medical. That statistic helped the company earn spacial distinction and an Honor Roll placement among the 2014 Minnesota Census of Women in Corporate Leadership.
Strategic partnership between manufacturers of evaluation and rehabilitation technology expands critical robotic-assisted therapy in the United States, with the aim of improving the lives of stroke and neurological disorder patients.
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Port Washington, NY-based durable medical equipment manufacturer Drive Medical has acquired complex rehabilitation product manufacturer Columbia Medical, Santa Fe Springs, Calif. The acquisition is expected to expand Drive Medical's presence in the pediatric market through its Wenzelite division.
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Rehab Management editorial director Frank Long caught up with the Permobil “Power Trip” Revolution Tour as it stopped at Rancho Los Amigos National Rehabilitation Center in Downey, California, during the tour’s swing through the nation’s Western states.