In the process of this transaction, Work Systems is also purchasing from Blankespoor the shares he has held in Work Systems. Blankespoor, Work Systems’ founder, has been the majority shareholder of Work Systems since its inception December of 1998. This transaction will allow Blankespoor to continue to focus on his passion areas of health coaching and consulting for individuals and businesses. “It has been an exciting ride over the past 15 years, and I’m eager to hand over the reins of the rehab business to an excellent team of therapists with whom I’ve partnered for the past decade.”
While the change seems significant, Vander Molen states that he expects the transition to occur without a hitch. “We will miss working hand-in-hand with Mark on a daily basis. He has been a mentor to all of us and has prepared us well for this new chapter in the life of Work Systems. However, we are happy that he will continue to be a friend of the business by providing support and assistance as a continued consultant to our practice well into the future.”
There will be some additional business restructuring for Work Systems over the next few months, but business will continue as normal for our staff and clients. In fact, these developments will occur without anyone’s jobs being affected. Blankespoor and Vander Molen expect that this will increase the need for staff and result in job growth as each business grows.
For more information, you may contact Vander Molen at Work Systems (641-621-0230) or Blankespoor at Pella Recreation Center (641-628-4622).
Work Systems is a leading provider of physical therapy, occupational therapy, athletic training, and work injury management and prevention services throughout the state of Iowa. It was founded in 1998 by Mark Blankespoor, PT, DPT, and over time much business growth has occurred.