CORA Physical Therapy Acquires One to One Physical Therapy (4 South Florida Clinics)

H.I.G. Capital Affiliate Acquires CORA Physical Therapy from Gryphon Investors

May 25, 2021

Healthcare Services

An affiliate of H.I.G. Capital has signed a definitive agreement to acquire CORA Health Holdings Corp. (CORA Physical Therapy) from Gryphon Investors. CORA, headquartered in Charlotte, North Carolina, operates 228 outpatient physical and occupational therapy clinics with 850+ clinicians; H.I.G. plans to support the company's continued organic and acquisition-driven growth.

CORA Physical Therapy Acquires Alliant Physical Therapy Group; Adds Can Do PT and Keck PT

February 8, 2022

Healthcare Services

CORA Health Services (d/b/a CORA Physical Therapy), a portfolio company of H.I.G. Capital, has acquired Alliant Physical Therapy Group, a seven-clinic operator in Milwaukee and Kenosha, Wisconsin. CORA also expanded its footprint with acquisitions of Can Do Physical Therapy (Jesup, Georgia) and Keck Physical Therapy (Hendersonville, North Carolina) to broaden its geographic presence in Wisconsin, Georgia and North Carolina.

CORA Physical Therapy Acquires Greenfield Physical Therapy and Lava Physical Therapy

April 21, 2022

Healthcare Services

CORA Physical Therapy, a portfolio company of H.I.G. Capital, acquired Greenfield Physical Therapy (two clinics in Spooner and Hayward, Wisconsin) and Lava Physical Therapy (two clinics in Hilton Head, South Carolina), expanding CORA's outpatient PT footprint in the Midwest and Southeast. Terms were not disclosed; Greenfield's founder Amy Greenfield will remain on staff as CORA Senior Clinic Manager.

U.S. Physical Therapy Acquires 60% Stake in Three-Clinic Physical Therapy Practice

August 1, 2025

Healthcare Services

U.S. Physical Therapy, Inc. (USPH) acquired a 60% interest in an unnamed three-clinic physical therapy practice that generates approximately $5.3 million in annual revenue and 28,000 annual visits; the practice's current owners retain a 40% stake. The transaction expands USPH's outpatient clinic footprint and brings the three clinics into its national network while preserving owner-level continuity.

U.S. Physical Therapy Acquires 60% Stake in Fourteen-Clinic Physical Therapy Practice

November 1, 2022

Healthcare Services

U.S. Physical Therapy, Inc. (USPH) acquired a 60% equity interest in a fourteen-clinic physical therapy practice for approximately $19.3 million, with the sellers retaining 40% and potential additional earnouts tied to performance. The acquired business generates more than $9 million in annualized revenue and about 84,000 annualized patient visits; USPH said the deal will help scale the clinics into a multi-state region.

U.S. Physical Therapy Acquires 80% Stake in Two-Clinic Physical Therapy Practice

October 3, 2022

Healthcare Services

U.S. Physical Therapy, Inc. acquired an 80% equity interest in an undisclosed two-clinic physical therapy practice for approximately $4.2 million (including a $250,000 note payable to the sellers). The practice—whose owners retain a 20% stake—generates more than $2.5 million in annual revenue and about 17,000 patient visits per year; U.S. Physical Therapy said the deal will help grow and scale the business as part of its clinic network expansion.