Water Street partnered with Stryker Corporation (NYSE: SYK) to acquire Physiotherapy Associates in 2007. Shortly thereafter, we merged the business with Benchmark Medical. It was a transformational combination that propelled Physiotherapy Associates into an industry-leadership position. Water Street tapped our industry network to recruit a highly talented managegment team. Together, we helped the company achieve optimal performance and executed a strategic growth plan that established Physiotherapy Associates as the nation’s foremost provider of outpatient rehabilitation services. In 2012, we divested the company to a strategic growth investor who is focused on further expanding its leadership position. Physiotherapy Associates continues to be one of the only providers that can offer high-quality, consistent care on a national scale.