One on One Physical Therapy and JAG Physical Therapy Join Forces to Create Unparalleled Outpatient Physical Therapy Platform
One on One Physical Therapy and JAG Physical Therapy, leading providers of outpatient orthopedic physical therapy services, today announced that they have come together as a single platform and entered into a strategic relationship with Pamlico Capital. The formation of JAG-ONE Physical Therapy, led by three of the nation’s most accomplished physical therapists, John Gallucci Jr., Chief Executive Officer, Richard Bodian, Chief Clinical Officer, and Joseph Saraceno, Chief Operating Officer, brings together their years of experience, clinical aptitude, and business acumen to create a forward-thinking, patient-centered approach to rehabilitation. Pamlico Capital has signed a definitive agreement for an investment in a management service organization formed to administratively support JAG-ONE’s continued growth in the New York and New Jersey markets.
“After years of working collaboratively as colleagues that envisioned creating a unique physical therapy experience for our patients, I could not be more excited to officially move forward with Rich and Joe as JAG-ONE Physical Therapy”, says John Gallucci Jr., Chief Executive Officer. “As a unified entity, we remain confident that our enhanced resources will serve to improve the quality of life for our patients and continue to proudly serve as a medical resource to the region’s local communities.”
“With the physical therapy landscape continuing to evolve, uniting as JAG-ONE Physical Therapy seemed like a natural progression in order to best serve those in need of high-quality rehabilitation”, said Rich Bodian, Chief Clinical Officer. “John, Joe and I share the same passion and philosophies with regard to the importance of patient care and outcomes and we are excited to join forces as we continue our journey as the region’s physical therapy leader.”
Combined, JAG-ONE Physical Therapy moves forward as an industry leader consisting of 38 outpatient physical therapy clinics with a strong market presence in Brooklyn, Staten Island, Manhattan, Queens, Westchester, and New Jersey. JAG-ONE Physical Therapy is dedicated to expanding throughout the region, offering the community at large their unique, care-first model of rehabilitation resulting in the best possible outcomes for their patients.
“By focusing on patient care and outcomes, and serving as a resource to the community, both One on One Physical Therapy and JAG Physical Therapy have set the standard for the outpatient physical therapy experience”, says Joseph Saraceno, Chief Operating Officer. “As JAG-ONE Physical Therapy, Rich, John and I look forward to combining our resources, network, and clinical knowledge in order to truly enhance our services and continue to provide our patients with the highest quality physical therapy care.”
Principles John Gallucci Jr., Richard Bodian, and Joseph Saraceno will maintain a significant ownership position and continue to manage the growth of the combined entity.
JAG-ONE Physical Therapy was represented by The Bloom Organization (financial advisor) and Brach Eichler LLC (legal advisor). Pamlico Capital was represented by Alston & Bird LLC (legal advisor).
Pamlico Capital is a private equity firm founded in 1988 that invests in growing middle market companies in North America. Pamlico Capital seeks control-oriented growth equity investments of up to $200 million alongside founders and proven leaders in its target industries: business & technology services, communications, and healthcare. The firm, based in Charlotte, NC, has assets under management of approximately $4 billion. For additional information, please visit www.pamlicocapital.com.