CORA Health Services Inc, doing business as CORA Physical Therapy, announces its acquisition of Volk Physical Therapy & Sports Medicine and Advanced Physical Therapy Center, located in the greater Charlotte, NC, metro area.
The company also acquired Hometown Rehab, with two clinics near Ocala, Fla, bringing the total clinic count to more than 225.
Volk PT was founded in 2006 and operates clinics in Concord and Harrisburg, just northeast of Charlotte. The group offers a wide variety of services, including general physical therapy and specialties in back and neck pain, Parkinson’s treatment, dry needling, proprioceptive neuromuscular facilitation (PNF) and sports injuries.
Advanced Physical Therapy Center, located in Denver, NC, northwest of Charlotte, was founded in 1998 by Paul Anderson, PT, DPT, OCS. The clinic treats general orthopedic conditions, post-surgical care, workers’ compensation injuries, and balance and coordination problems. Anderson will continue with CORA as the Denver clinic manager.
The Hometown Rehab acquisition adds clinics in Hernando and Dunnellon, Fla, west of Ocala and The Villages. The two clinics expand CORA’s coverage between Ocala and Tampa. The addition of these locations allows CORA the opportunity to continue its growth into markets the company does not currently serve in Florida, CORA Physical Therapy explains in a news release.
“We are excited to welcome these five clinics to the CORA fold and expand our presence in the Southeastern United States. Even though 2020 has been a challenging year for everyone, our company continues to grow. These partnerships provide the resources needed for further development as we deliver personalized care with respect and consideration for patients’ needs. We look forward to continuing our expansion into 2021.”
— — Dennis Smith, CEO and President of CORA Physical Therapy
CORA is a portfolio company of Gryphon Investors, a middle-market private equity firm based in San Francisco. Terms of these transactions were not disclosed.
[Source(s): CORA Physical Therapy, PR Newswire]
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