Ascenti snaps up London physiotherapy business
Physiotherapy and healthcare provider Ascenti has acquired Six Physio, a London-based private physiotherapy business.
Ascenti said the acquisition is part of its growth plan both in London, and across “strategically important” new markets.
Six Physio will initially continue to operate as a separate business, with no immediate changes to operations or brands. In the longer term both teams will work more closely together to explore opportunities to link clinical expertise and delivery models.
Founded in 1996, Six Physio today comprises nine clinic sites in and around London. The group employs a team of more than 60 clinicians.
Ascenti has been around for more than 20 years. Today the group has a national network of 300 clinicians delivering more than 600,000 treatment sessions every year. In London, Ascenti has opened 12 new clinics within the last two years, adding to its portfolio of more than 300 sites nationwide.
The company’s latest filed accounts ending November 2020 put the group’s revenue at £30.7 million and EBITDA at £1.5 million.
The physiotherapy provider stated that over the last 12 months, demand for some of its musculoskeletal services has increased four times, and, as a result, the group recently launched a recruitment drive to grow its team of clinicians by almost 50%.
Stephanie Dobrikova, Ascenti’s chief executive said: “I’m delighted to welcome the Six Physio team to the Ascenti group. Six Physio has built an exceptional reputation in private physiotherapy through its strong presence across London. We are thrilled to now be partnering with Six to deliver new growth while continuing to drive innovation in physiotherapy, as part of our mission to deliver the very best care to a rapidly growing patient base across the country.”
Matt Todman, founder and clinical director of Six Physio, added: “This is a really exciting and great opportunity for Six Physio to join forces with the power and might of Ascenti. I’ve always believed that what is best for the patient is to have a motivated, clinically astute and eager team behind them. This deal ticks all the boxes and I can’t wait to expand and up our MSK [musculoskeletal] provision, working together with Ascenti to bring more fantastic physio to more people in more places.”
Financial details of the transaction were not disclosed.
Eight Advisory acted as financial and tax advisors, Stephenson Harwood as legal advisors, and McDermott provided debt legal advice to Ascenti.
Date published: April 19, 2022