Spire Healthcare acquires Physiolistic Limited
Spire Healthcare, a leading independent healthcare group in the UK, announces that it has acquired Physiolistic Ltd, a physiotherapy business operating multiple clinics in the Thames Valley area, for an initial consideration of £5.2m (the ‘Acquisition’).
Founded in 2007 and employing 30 highly trained colleagues including 20 physiotherapists, Physiolistic operates three clinics in Henley, Reading and Windsor, each with capacity for growth. Combining a high-quality delivery model with excellent reputation, Physiolistic has delivered significant revenue growth over the past three years through a growth of its Henley and Reading clinics and the opening of its newest clinic in Windsor in May 2024.
Physiolistic is one of only a handful of clinics in the UK to have achieved Quality Assured Clinic status and is the only private physio clinic business in England to provide both inpatient and outpatient physiotherapy services to a Spire hospital – Spire Dunedin Hospital. Physiolistic provides physiotherapy services to self-paying and insured patients. Its unique elite sports methodology and high level of care has also been recognised through its work with an American NFL team and an F1 racing team.
In 2024, Physiolistic carried out approximately 43,000 appointments. The business has high patient retention rates with 85% of new patients re-booking for at least one follow-up appointment. It is a provider of physio services to all major insurance providers, including AXA, Bupa, Vitality and WPA.
The Acquisition complements Spire Healthcare’s existing business and aligns well with our strategy of expanding selectively in new verticals to attract customers and meet more of patients’ healthcare needs. Growth opportunities through this acquisition include delivering an integrated patient journey by driving diagnostic and orthopaedic surgery referrals from Physiolistic to local Spire hospitals; Physiolistic capturing referrals from Spire’s Primary Care regional corporate musculoskeletal occupational health services; and future new clinic openings.
Justin Ash, Chief Executive of Spire Healthcare, said: “The acquisition of Physiolistic complements our existing business and supports our strategy of selectively expanding our primary care offering. Physiolistic’s physiotherapy services fit well with the existing hospital business and our fast-growing occupational health business, while providing a good springboard for future growth. Physiolistic is Spire’s first acquisition of a physiotherapy business, enabling us to meet more of people’s physical health needs. With its high quality services, exemplary patient feedback and proven management team, Physiolistic is an excellent addition to our business. I look forward to welcoming our new colleagues to Spire.”
Clint Botha, Business Director of Physiolistic commented: “This acquisition marks a significant and exciting step in the evolution of Physiolistic’s mission to provide the highest standard of physiotherapy and rehabilitation services. Having already worked in close partnership with Spire Healthcare through the provision of physiotherapy services, this integration is a natural progression that solidifies our shared commitment to delivering outstanding patient care. With Spire’s national presence and infrastructure, Physiolistic is now perfectly positioned to expand its services to new locations across the UK, bringing its gold-standard physiotherapy care to more communities.”
