Asset Manager

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Therapy Partners Group

Therapy Partners Group operates a network of PT, OT, and SLP clinics across six US states.

Therapy Partners Group

Therapy Partners Group was founded in Modesto, California, and operates as a family of physical therapy, occupational therapy, and speech-language pathology brands. The firm lists dozens of clinics across California, Texas, Washington, Oregon, Utah, and Arizona, with locations spanning from Tucson to Spokane. The firm acquires and operates local therapy practices under their original brand names, a strategy known as a roll-up model. Its portfolio includes branded clinics in orthopedics, sports medicine, hand therapy, and geriatric care, alongside wellness services. The company targets both direct patient care and professional development for clinicians through its TPG University program. No AUM or deployment figures are disclosed. The leadership team includes Brent Mack (PT, DPT), Kimberly Kollwelter (PT, DPT, MBA), and Eric Bjerke, among others. The company maintains a large administrative support staff and a roster of partner clinicians. No adjacent philanthropic vehicles or investment entities have been publicly identified. The firm's structural differentiator is its focus on physical therapy and its regionally dense clinic network — a contrast to national PE-backed therapy chains. It appears to operate without external institutional capital, functioning instead as a privately held operating company rather than a managed investment vehicle.

General information

Firm type

Asset Manager

Year founded

AUM

Undisclosed

Location

Region

North America

Country

United States

City

Modesto

Corporate office

Modesto, CA, United States

Principals

Brent Mack

PT, DPT

Kimberly Kollwelter

PT, DPT, MBA

Eric Bjerke

Executive Team

Ashley Piazza

PT, DPT

Paul Coyne

Executive Team

Dan Cagney

Executive Team

Jennifer Allen

PT, DPT, SCS, CHT

Jenn Mullins

Executive Team

Brandon Nan

PT, DPT, CSCS

Bobby Ismail

PT, DPT

Sector focus

Healthcare Services

Frequently asked questions

Who runs investment decisions at Therapy Partners Group?

The executive team includes Brent Mack (PT, DPT), Kimberly Kollwelter (PT, DPT, MBA), Eric Bjerke, Ashley Piazza (PT, DPT), Paul Coyne, Dan Cagney, Jennifer Allen (PT, DPT, SCS, CHT), Jenn Mullins, Brandon Nan (PT, DPT, CSCS), and Bobby Ismail (PT, DPT) — as listed on the firm's website. No single CIO or CEO is publicly designated.

Is Therapy Partners Group structured as a family office or an operating company?

The firm does not present itself as a family office. Its website describes a network of physical therapy and wellness brands. No investment fund, SPV, or family-office legal structure is disclosed. It appears to function as a privately held operating company that acquires and holds clinic assets.

What investment stages does Therapy Partners Group typically target?

The firm acquires established physical therapy and wellness practices. It lists over 100 clinic locations, suggesting a growth-through-acquisition model. Earlier-stage or venture investments are not mentioned on its website.

Which sectors does Therapy Partners Group explicitly avoid?

The firm's disclosed focus is exclusively physical therapy, occupational therapy, and speech-language pathology. No other asset classes or sectors are referenced.

Where does the underlying wealth come from?

Therapy Partners Group does not disclose its ownership or capital sources on its website. No public records tie the firm to any specific family or endowment.

Does Therapy Partners Group maintain philanthropic structures?

No philanthropic foundation or charitable arm is mentioned on the firm's website. The company lists TPG University as a professional development program but does not detail any broader giving.

How does Therapy Partners Group source proprietary deal flow?

The firm does not publicly describe its sourcing strategy. Its network of existing practices and clinician partnerships likely generates referral opportunities, but no formal sourcing process is disclosed.

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