The acquisition has been formally completed by Archimed SAS, a health-focused private equity fund that owns injury management and rehabilitation business RehabWorks as well as workplace wellbeing organisation Right Corecare.
The new combined business will have 334 staff across 20 sites in the UK, including Bury St Edmunds, Manchester, Fareham, Milton Keynes, Birmingham, Glasgow, Rotherham and Swindon.
Derrick Farrell, chief executive officer at RehabWorks, will lead the combined organisation. Stuart Paterson, the current managing director and owner at Crystal Palace Physio Group, will remain with the business and join the board with immediate effect.
Derrick Farrell (pictured), chief executive officer at RehabWorks, said: “We are very pleased to be announcing the coming together of RehabWorks and Crystal Palace Physio Group. This is an important step in our ongoing journey of respected healthcare provision, and in pushing the business towards becoming the leading UK provider of musculoskeletal and mental health solutions.
“Merging our businesses will be done in a careful and considered way to ensure our staff and customers benefit from the emerging operating model.”
Stuart Paterson, managing director and owner at Crystal Palace Physio Group, added: “Joining the business clearly represents an exciting opportunity to create a national brand across target markets. The culture and brand of Crystal Palace Physio Group has always been important to us, and in RehabWorks, we believe we have found a partner that is very much aligned with our vision.
“The combined size of the organisation, along with the backing of Archimed will continue to ensure the long-term success of the business.”