Israel’s AposTherapy announced that it has completed a new round of financing and is launching a global initiative to offer its technology and treatment through premier physical therapy centers and orthopedics practices. To date the company has provided drug-free and surgery-free treatment to over 50000 patients worldwide who suffer from osteoarthritis of the knee.
AposTherapy was founded in 2004 in Israel by Dr. Avi Elbaz and Dr. Mor the company’s Chairman and Vice Chairman respectively. Its therapy centers on a computerized analysis of a patient’s gait and prescription of a personalized patent-protected shoe-like medical device that patients wear for a short time each day to bring the body into optimal alignment and retrain the muscles to adopt a healthier walking pattern for lasting pain relief and improved mobility.
The company operates three of its own centers in Israel. “Not a day passes, ” said company CEO Dr. David Levy, “that I don’t reflect on the genius of our founders Avi and Amit whose vision and persistence got us where we are and on the amazing team they have assembled to help get us there. We are entering a new phase of growth and achievement and I am truly grateful and excited to be part of this journey.”
Dr. Levy said “As an adjunct to surgical procedures AposTherapy is an important tool in the treatment of osteoarthritis. In addition to its therapeutic benefits AposTherapy can reduce some of the financial burden on the health care system.”
In the U.K. and Singapore where the company runs its own clinics it has also been executing its new strategy for the past two months. It has appointed leading physical therapy centers in London Birmingham Manchester and Southampton including Physio 1st Premier Physical Healthcare and former Olympics Physiotherapist Kim Waters’ Therapeutics Southampton. In Singapore it has appointed Core Concepts that country’s largest private physiotherapy group in that country.
In the U.S. where it has operated a clinic in Manhattan for the past year AposTherapy has appointed its first providers — in Manhattan Long Island Westchester and Putnam Counties. The first U.S. provider One Physical Therapy in Syosset NY reports that it has treated some 40 patients since August with all of them reporting positive results to date. Dr. Levy said that the company plans to expand to additional markets here.