Denver (August 8, 2018) – It was announced today that Cherry Creek Wellness Center, a group of physical therapy clinics with five locations in Metro Denver and along the Front Range, has sold two of its clinics to ActivCore. The sale follows last year’s purchase by ActivCore of Denver Specialty PT Services. Both Cherry Creek Wellness Center and Denver Specialty PT Services are founded and owned by Dean Hasse.
Attorneys Bob Rowland and Gregory James Smith of the law firm of Caplan and Earnest, located in Boulder, Colo., represented Hasse in these two separate transactions and negotiated, documented, and closed the sales.
Hasse will be staying on with both practices, will still own the three remaining clinics of Cherry Creek Wellness Centers, and will serve as ActivCore’s vice president for the mountain region.
“I appreciate ActivCore’s progressive business model to providing high-quality PT services,” said Hasse. “They share my patient-centric, concierge approach to care. This partnership will allow patients at the ActivCore clinics to be with their physical therapist for a full hour, to have more one-on-one time, and in general have a much higher level of participation, service, and care.”
Hasse said that prior to the sale, CCWC accommodated as many as 30,000 visits, or approximately 3,000 patients every year. Denver Specialty PT Services accommodated 3,000 visits a year and approximately 300 patients.
Caplan and Earnest’s Health Law practice manages many such transactions, including mergers and acquisitions for both independent clinics and facilities, and those that are part of larger health care providers and hospitals in Colorado and the U.S.
ActivCore, based in New Jersey, specializes in a highly specialized, outcome-driven approach to physical therapy and performance. The company owns clinics in Colorado, Florida, New Jersey, and Georgia.
ABOUT CAPLAN AND EARNEST: Established in 1969, Caplan & Earnest LLC is a Boulder-based full-service law firm specializing in healthcare, education, litigation, estate planning, immigration, and business law. Caplan & Earnest offers the depth and diversity needed to serve the needs of clients facing complex legal issues. Caplan & Earnest attorneys can be reached at 303-443-8010 or by visiting www.celaw.com.