News

McDermott & Bull Places CEO for Private Equity Backed Healthcare Company

IRVINE, California, February 7, 2019 – Executive search firm McDermott & Bull has placed Steve DiPaola as Chief Executive Officer of Empower Physical Therapy in Phoenix, Arizona. Healthcare Practice leaders from McDermott & Bull conducted a national search for an executive with a successful track record for leading private equity backed companies in the therapy services space.

The executive search was directed by Partner, Craig Lipus; Managing Director, Garrett Lipus; and Senior Recruiting Associate, Brian Selvey. According to the search team’s lead, Garrett Lipus, “Steve is growth-oriented, strategically-focused, and has an exceptional background in multisite physical therapy. We’re looking forward to seeing both Steve and Empower Physical Therapy thrive.”

Steve will be responsible for overseeing the strategic growth of Empower Physical Therapy’s 26 locations while expanding the company’s footprint beyond the Southwest U.S. His background as an experienced physical therapist and an executive with a demonstrated history of working in rehabilitation services, made him the ideal person to take the helm of the growing healthcare company.

Prior to joining Empower Physical Therapy, Steve held senior leadership roles at Silver Oak Capital Partners backed Physical Rehabilitation Network (“PRN”), Physiotherapy Associates, and Stryker Physiotherapy Associates. He also served as a member of the State of Colorado’s Physical Therapy Board. Steve earned his Bachelor of Science in Physical Therapy from University of New Mexico School of Medicine.

About Empower Physical Therapy

Empower’s focus is on making the patient experience unforgettable through powerful relationships and providing personalized care. We attract the country’s top physical therapists in order to create an environment that is both professional and fun. We retain those therapists by creating three key elements: Unbeatable family-based culture, top-notch education opportunities and powerful leadership development programs. Empower was created when four private practice owners came together to help each other grow. After years of mutual support, merging was a natural step. Empower now consists of 26 locations in 3 states and is looking for other like-minded partners to help make a difference in the world by providing excellent care.

Empower is backed by Sheridan Capital Partners. Headquartered in Chicago, Illinois, Sheridan Capital focuses on making private equity investments in growth-oriented lower middle market healthcare companies.

About McDermott & Bull

Founded in Irvine by two entrepreneurial search consultants in 2001, McDermott & Bull now has more than 50 employees serving ten offices across the US and abroad including: Irvine, Los Angeles, San Diego, Denver, Sun Valley, Nashville, New York, Amsterdam, Madrid and Vancouver. The Firm partners with leading companies to identify and recruit key executives for permanent and interim roles. All of the practice leaders have deep executive experience and are uniquely positioned to address the dynamic leadership demands of public and private companies across a variety of industries. McDermott & Bull’s Executive Network provides valuable resources and networking opportunities for thousands of senior level executives throughout North America each year. The Firm has been recognized for its expertise, client-centric approach, efficiency, value, and responsiveness and has received industry designations from Hunt Scanlon and Forbes.