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episode 202: Successfully acquiring a physical therapy practice with Jerry Yoo
On today’s episode, I speak with Dr. Jerry Yoo. He is the Founder and CEO of Next Level Physio, which is a hybrid physiotherapy-fitness practice devoted to helping active women and men over 40 and their families stay active and fit without medication or surgery. Next Level Physio’s mission is personal development and transformation through physio, fitness, and community with like-minded people who want to reach their next level.
With two locations in New Jersey- Woodcliff Lake and Montclair, Dr. Yoo is currently looking to open a third location in Cary, NC. Dr. Yoo received his Master’s in PT in 2001 from Columbia University and his Doctorate in Physiotherapy from Rutgers University in 2004. He also holds additional certifications in Crossfit, Dry Needling, the Mulligan Concept, SFMA-FMS, and Pose running. As a multisport athlete, Dr. Yoo has competed in triathlons and Spartan races for many years and is passionate about living and preaching the fitness lifestyle.
Jerry shares a valuable perspective on business and physical therapy practices. You don’t want to miss this interview!
We talk about:
-ending partnerships
-different ways of growing a business
-working with the right people
-converting to a cash-based practice
-moving to North Carolina
-acquiring another practice
-advantages to acquiring for growth
TIME STAMPS:
1:00 Intro
4:11 deciding to work with a partner
9:30 how mindset has changed
11:00 going cash-based
14:45 running businesses without being there
18:10 having students in your practice
20:44 Business updates
29:50 what made the acquisition work
33:14 challenges he faced
35:50 how to finance purchasing a practice
39:05 plans going forward with the new practice
44:00 advice for other PTs and business owners
Connect with Jerry:
Website: https://www.gonextlevelphysio.com
Instagram: https://www.instagram.com/trijerrydpt/
Facebook: https://www.facebook.com/Adaptptnj
Connect with Aaron:
Facebook: https://www.facebook.com/AaronLeBauer
Instagram: https://www.instagram.com/aaronlebauer/
CashPT Nation FB Group: https://www.facebook.com/groups/CashPTNation
If you are ready to launch and grow a Cash PT practice, DM me “Blueprint” to get started!
Plus: Whenever you’re ready… here are 3 ways I can help you grow your coaching business:
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If you’d like to work directly with me and my team to take you to 6 or 7 figures… just send me a message at m.me/AaronLeBauer with the words “Private”… tell me a little about your business and what you’d like to work on together, and I’ll get you all the details!