CORA Health Services Inc, doing business as CORA Physical Therapy, announces it has recently acquired two Tennessee-based outpatient physical therapy practices: Clinton Physical Therapy Center and Associated Therapeutics Inc.
Clinton Physical Therapy Center, located In Clinton, Tenn, was founded in 1988 by Kelly Lenz and Joyce KIee. In addition to standard physical therapy services, CPTC offers aquatic therapy, pediatric therapy, women’s health, and industrial rehab, including work conditioning and return to work programs.
Associated Therapeutics Inc, located in Knoxville, Tenn, was opened in 1985 by Thomas Kelly and Andrew Smith. The facility provides standard physical therapy services as well as a comprehensive workers’ compensation rehab program and a variety of fitness and wellness programs.
CORA now has 15 clinics in Tennessee and more than 160 locations in seven states, according to a media release from Gryphon Investors. CORA is a portfolio company of Gryphon.
“We are pleased to welcome these new locations to the CORA organization and expand the reach of our team,” says Dennis Smith, CEO and president of CORA Physical Therapy, in the release.
“Our goal in these acquisitions is to preserve the outstanding reputations of CPTC and Associated and maintain the quality care they have delivered to their patients and communities for several decades while offering the financial and operational resources they need to continue to grow and thrive.”
[Source(s): Gryphon Investors, PR Newswire]