New Harbor Capital Portfolio Company FYZICAL Completes Acquisitions of Washington and Oklahoma Franchisees

New Harbor Capital is pleased to announce that its portfolio company, FYZICAL Therapy & Balance Centers, has completed three franchisee clinic acquisitions consisting of one clinic in Washington and two clinics in Oklahoma. FYZICAL is a leading franchisor and operator of physical rehabilitation centers specializing in balance and vestibular therapy and wellness programs.

These acquisitions will expand FYZICAL’s company-owned footprint throughout both the Pacific Northwest and Southern regions, introducing two new states, Washington and Oklahoma, to the company-clinic family. The addition of these clinics brings the Company to 39 company-owned clinics in seven states, with a total of 428 clinics under brand in 45 states. This expansion enables the FYZICAL team to deploy various pilot initiatives in more marketplaces, thereby providing its franchise community with evidence-based industry-leading practices.

“We are thrilled to welcome these clinics into our company-owned network,” said Brian Belmont, CEO of FYZICAL. “Our company clinic expansion into these new states adds greater depth to our overall insight to these growing markets. By partnering with our best-of-class franchisees, we are able to increase our ability to optimize business systems and practices so our clinical teams can focus on the recovery and success of patients,” he added.

New Harbor Capital completed a majority equity investment in FYZICAL in 2017, attracted to its unique model, market-leading position, and ability to deliver a model of coordinated care at a national level.

About FYZICAL

FYZICAL is the fastest-growing physical therapy franchise in the United States and is headquartered in Sarasota, Florida. With more than 425 centers in 45 states, FYZICAL’s revolutionary business model is designed to optimize profitability and growth and offers comprehensive patient care through unique balance protocols and healthy lifestyle products and services. FYZICAL is a champion of patient choice and direct access, and a leader in the future of health, wellness, and preventative care. For more information, visit www.FYZICALFranchise.com.