The deal, whose terms were not disclosed, was announced this week.
All clinics, therapists and clinic directors will remain in place, marketing director Peter Olson said Thursday. The deal is scheduled to close in mid-November. The company announced the sale before then to reassure patients that their care would continue uninterrupted, he said.
Olson said eventually there will be layoffs in administrative and billing departments, though he did not have an exact number.
Apple was founded in 1984 and is now one of the largest physical therapy companies in the region, with 24 clinics and 300 employees. It’s being purchased by ATI Physical Therapy, based in Bolingbrook, Illinois. ATI operates more than 300 clinics in eleven states, all east of Illinois. Its purchase of Apple is its first acquisition in the western U.S.
Randy Johnson, Apple’s founder, will remain with ATI Physical Therapy as vice president of the Western Region. Olson said he expected Apple’s community work, including that of the Apple PT Foundation, to continue.