H.I.G. Purchases Cora Physical Therapy
An affiliate of
Cora Health Holdings Corp. from
Gryphon Investors, a middle-market private equity firm. Charlotte, NC-based Cora is an operator of outpatient physical therapy and occupational therapy clinics.
Luke Schroeder, partner and co-head of Gryphon’s healthcare group, said, “We are extremely pleased with the outcome of this transaction, which is our second successful investment and exit in the physical therapy space. Under CEO Dennis Smith and his team, Cora built upon its reputation for high-quality clinical care and successfully expanded its market leadership in the Southeastern United States. We have no doubt that the company will continue to thrive with its new partners.”