CORA Physical Therapy Has a New Owner
Gryphon Investors has signed a definitive agreement to sell its portfolio company CORA Health Holdings Corp to an affiliate of H.I.G. Capital. Gryphon originally invested in the Company in July 2016. Terms of the transaction were not disclosed, according to a media release.
Charlotte, NC-based CORA operates outpatient physical therapy and occupational therapy clinics, with 228 clinics primarily in the Southeastern US. The Company’s 850+ physical therapists, physical therapy assistants and other clinicians offer outpatient physical rehabilitation services for orthopedic problems, work-related injuries, sports injuries and various neuromuscular and neurological conditions.
“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 expand
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.”
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May 24, 2021
With the playoffs underway, offseason preparation has begun in earnest around the NBA, with the draft and free agency looming. Here’s a look at what’s to come for the 14 teams that missed the playoffs.
Houston Rockets (17–55)
Key free agents: None
2021 draft picks: Own first (if 1–4) OR Miami first via swap; Portland first; Milwaukee first
The post–James Harden Rockets became what one might have expected: a fast-sinking experimental testing ground for young talent that finished with the league’s worst record. There were multiple silver linings for the franchise, which we can start with Christian Wood immediately delivering on what looks like a bargain contract, Jae’Sean Tate emerging as a legit rotation player and the acquisition of 20-year-old Kevin Porter Jr. as a valid reclamation project but there was mostly a ton of losing. This was the organization’s worst season since 1982–83, when the Rockets went 14–68.
Randle, who is the odds on favorite to win (-250) according to BetOnline, averaged a career-high 24.1 points, 10.2 rebounds and six assists for a surprising 41-win Knicks team which made the playoffs. Porter averaged 19 points and 7.1 rebounds for Denver in his second season in the league. A 2018 draft pick, he missed all of the 2018-19 season recovering from a back injury.
Draymond Green, Derrick Rose also award finalists
A pair of players with Michigan ties were also recognized when the NBA announced its award finalists.
Derrick Rose, who opened the year with the Pistons before being traded to the Knicks in February, is a finalist for Sixth Man of the Year.