What is Therapy Services Associates?
Established in 1985 and based in Hobbs, New Mexico, Therapy Services Associates is a private practice dedicated to providing comprehensive physical therapy. The clinic offers a broad spectrum of treatments, including orthopedic rehabilitation, aquatic therapy, and neurologic rehabilitation, addressing conditions such as knee, hip, and back pain. Their client base spans individuals seeking pain management, post-surgical recovery, and pediatric care, all within a framework of personalized, goal-oriented treatment plans. Therapy Services Associates aims to enhance accessibility by accepting most insurance plans and offering free initial screenings.
How much funding has Therapy Services Associates raised?
Therapy Services Associates has raised a total of $369K across 2 funding rounds:
Debt
$150K
Debt
$219K
Debt (2020): $150K with participation from PPP
Debt (2021): $219K led by PPP
What's next for Therapy Services Associates?
With a history of substantial debt financing, Therapy Services Associates is likely focused on continued operational expansion and service enhancement. The recent 'major strategic investment' suggests a phase of accelerated growth, potentially involving the acquisition of new technologies, expansion into new service areas, or strengthening its market position in New Mexico and beyond. Future capital injections may support further diversification of services or strategic partnerships to broaden its reach and impact in the physical therapy landscape.
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