Market Overview

Arete Rehab Continues Rapid Growth Into Mid-Atlantic Region With Recent Acquisition

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SALEM, N.H., Oct. 14, 2020 /PRNewswire-PRWeb/ -- Arete Rehabilitation, Inc. and PA based Senior Physical Therapy Services (SPTS) announced today that Arete has acquired SPTS, a post-acute provider of physical, occupational, speech therapy, and wellness services for the 65 and older generation. The acquisition of this exceptional team of therapists accelerates Arete's plan to expand into the Mid-Atlantic region.

"Arete's commitment to providing excellence in both Skilled Nursing Inpatient and Community Based Outpatient rehab services and high quality alternative employment opportunities for therapists, makes the SPTS acquisition a win-win for patients and therapists alike," said Janet Mahoney, DPT, CEO of Arete Rehabilitation, Inc. "The first step in any acquisition is getting the right team together. SPTS brings dedicated, experienced therapists and employees and we are excited to welcome Steve and his team. Bringing on this fabulous group significantly advances our Mid-Atlantic expansion plan."

"I found an extraordinary partner. Arete's philosophy and ideals are identical to SPTS's. It's all about the patients and their needs and everything else will take care of itself," said Steve Sherer, Owner SPTS.

The SPTS group will provide important contributions to the rehab and wellness service arena as Arete is now able to provide a full spectrum of services, from skilled nursing to home care to outpatient in outpatient clinics, in the community and in patient homes.

Visit the Arete Rehab website for more information.

 

SOURCE Arete Rehab

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