CORA Health Services Inc, doing business as CORA Physical Therapy, announces that it has expanded its Midwest footprint with the acquisition of Orthopedic and Sports Therapy Institute (OSTI).
OSTI was founded in 1999 and operates clinics in Rockford, Belvidere, Marengo, Ogle County, Poplar Grove and Sauk Valley. Its services include general physical therapy and specialty programs in balance and fall prevention, golf performance, oncology rehabilitation, pain management, pediatric rehabilitation, running performance, spinal manipulation, TMJ dysfunction, vestibular rehabilitation (dizziness), women’s health and worker’s compensation.
Principals Josh Meyers, Donnie Early and Steve Merema will continue to play an active role in management with CORA, according to a media release from CORA .
“We are pleased to welcome the team at OSTI to the CORA fold and excited to broaden our footprint in the Midwest,” says Dennis Smith, CEO and president of Lima, Ohio-based CORA Physical Therapy, in a media release.
“CORA was founded on the belief that every patient deserves access to high-quality physical therapy, and we’re committed to treating everyone right. We look forward to serving the communities in and around Rockford. Our partnership provides the means for further growth as we deliver personalized care with respect and consideration for our patients’ needs.”
CORA is a portfolio company of Gryphon Investors, a leading middle-market private equity firm based in San Francisco. Terms of these transactions were not disclosed.