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Spine & Sport Physical Therapy
Spine & Sport Physical Therapy runs over 50 California clinics from its San Diego HQ. Employee-owned, research-driven, with UC San Diego roots.
Spine & Sport Physical Therapy
Spine & Sport Physical Therapy was founded by clinicians who left the University of California San Diego over two decades ago to form a private practice. The firm is headquartered in San Diego and now operates more than 50 clinics across Northern and Southern California, employing a multidisciplinary team that includes physical therapists, athletic trainers, and occupational therapists. The company provides core physical therapy services, pain management, pre- and post-surgical rehabilitation, chronic condition management, and specialty programs such as aquatic therapy, concussion therapy, sports injury rehabilitation, and workers' compensation. Its clinics are concentrated in California, with locations in San Diego, Sacramento, and Irvine. Spine & Sport runs its own research and training program, hosting 130 PT students in clinical rotations from schools nationwide. The firm is employee-owned, with named leadership including Brett Raasch, Nina Izadi, Starla Schwartz, Patrick Langit, and Megan Simmons. A recent operational development includes the expansion to over 50 clinics statewide (per firm website, 2025). What distinguishes Spine & Sport is its employee-ownership structure, which it says fosters accountability and patient satisfaction. The firm also integrates academic research from its UC San Diego heritage into clinical protocols, developing therapeutic specialties through in-house training. Its direct access model allows California patients to receive physical therapy without a physician referral, a posture it advocates for through the American Physical Therapy Association.
General information
Firm type
Family Office
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
San Diego
Corporate office
San Diego, CA, United States
Principals
Brett Raasch
Leadership
Nina Izadi
Leadership
Starla Schwartz
Leadership
Patrick Langit
Leadership
Megan Simmons
Leadership
Sector focus
Frequently asked questions
Who runs investment decisions at Spine & Sport Physical Therapy?
The firm is led by a group of named executives including Brett Raasch, Nina Izadi, Starla Schwartz, Patrick Langit, and Megan Simmons (per firm website). As an employee-owned company, clinical and operational decisions are distributed among owner-providers, but the leadership team oversees strategic direction and clinic expansion.
How is Spine & Sport Physical Therapy structured — as a family office or operating company?
Spine & Sport is structured as an operating company that owns and runs physical therapy clinics across California. There is no public disclosure of a separate investment arm or family-office structure. Its employee-ownership model gives clinicians an equity stake in the business.
Does Spine & Sport Physical Therapy participate in fund commitments or only direct deals?
The firm does not publicly disclose any fund commitments. Its capital deployment appears focused on organic clinic growth and facility investments, consistent with an operating-company model. No external limited-partner relationships are documented.
What investment stages does Spine & Sport Physical Therapy typically target?
Spine & Sport focuses on building and operating its own clinics, not external investments. Its growth stage is expansion within California, opening new locations and adding specialty programs. The firm has no disclosed venture or growth equity activity outside its core business.
Which sectors does Spine & Sport Physical Therapy explicitly avoid?
The firm does not publish a list of excluded sectors. Its entire activity is concentrated in physical therapy and rehabilitation services within California. No public information indicates interest in other healthcare verticals or non-healthcare investments.
Where does the underlying wealth come from?
Spine & Sport Physical Therapy does not disclose the origin of its capital. As an employee-owned company, its wealth is generated from clinic operations. No family wealth or outside endowment is publicly attributed to the firm.
Does Spine & Sport Physical Therapy maintain philanthropic structures?
The firm does not publicly disclose a foundation or separate philanthropic entity. Its values statements emphasize community engagement through clinical care and student training, but no formal charitable vehicle is identified.
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