The leading rehab therapy business platform
appoints a seasoned health care executive to drive sustainable
growth and innovation for customers.
CHARLOTTE, N.C., Dec. 8, 2022
/PRNewswire/ -- CORA Health Services, Inc., doing business as
CORA Physical Therapy ("CORA"), a top-10 national operator of
outpatient physical therapy clinics, announced the appointment of
Kurt M. Baumgartel, MPT as Chief
Executive Officer.
Baumgartel is a seasoned health care executive with more than 20
years of experience building and scaling health care businesses and
is known for identifying and executing on strategic growth
opportunities, enhancing operations, improving profitability, and
empowering people to succeed. He succeeds Dennis R. Smith, CORA's former CEO, who retired
earlier this year.
"Kurt has a tremendous history of leading health care businesses
to deliver excellent clinical care, driving growth and establishing
partnerships throughout the health care ecosystem," said
Alok Singhvi, Managing Director at
HIG. "His strategic focus, deep understanding of the physical
therapy sector and experience developing talent throughout all
levels of an organization are perfectly aligned with CORA's mission
and vision."
Baumgartel's most recent role was as Executive Vice President
for Home-Based Care at Compassus, one of the largest post-acute
health care providers in the U.S. with nearly 6,000 colleagues in
more than 200 locations across 30 states. Before moving into the
home-based care segment of the industry, Baumgartel practiced as a
physical therapist after having received his Master's in Physical
Therapy from John G. Rangos School
of Health Sciences at Duquesne
University in Pittsburgh,
Pa.
"I am extremely honored and excited to join the CORA family and
return to the physical therapy profession," said Baumgartel.
"CORA's history, passionate leadership team, inspiring clinicians
and employees demonstrate a steadfast commitment to serving
everyone. I am excited to partner with our teams to improve our
already outstanding care delivery, culture, relationships and
growth across the communities we serve."
CORA operates clinics in Florida, Georgia, Illinois, Kentucky, Missouri, North
Carolina, South Carolina,
Tennessee, Virginia and Wisconsin, including specialty clinics under
the Body Gears brand. CORA continues its growth having recently
opened its 255th location with plans for additional openings
forthcoming.
"This full-circle moment highlights that physical therapy is
truly a service where we can care for all," added Baumgartel. "And
as we continue our expansion plans, I look forward to working with
the team to innovate our model, unlock future growth opportunities
and expand the 'serve all' approach to physical therapy that CORA
has become know for in the industry."
CORA is a portfolio company of H.I.G. Capital, a leading global
alternative investment firm with over $44
billion of equity capital under management.
For more information on CORA, please visit
coraphysicaltherapy.com.
About CORA
CORA Health Services, Inc./CORA Physical Therapy
(www.coraphysicaltherapy.com) is an outpatient rehabilitation
company that uses proven clinical practices and cost-effective
treatment protocols to return patients to their jobs and lifestyles
as soon as possible. Their clinics offer a complete range of
treatment, including outpatient physical therapy and general
rehabilitation, worker's compensation therapy, sports and auto
injury rehabilitation, and rehabilitation for seniors. CORA
operates more than 250 clinics in Florida, Georgia, Illinois, Kentucky, Missouri, North
Carolina, South Carolina,
Tennessee, Virginia and Wisconsin, including specialty clinics under
the Body Gears brand.
About H.I.G. Capital
H.I.G. is a leading global private equity and alternative assets
investment firm with over $44 billion
of equity capital under management*. Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los
Angeles, San Francisco, and
Atlanta in the U.S., as well as
international affiliate offices in London, Hamburg, Madrid, Milan, Paris,
Bogotá, Rio de Janeiro and São
Paulo, H.I.G. specializes in providing both debt and equity capital
to small and mid‐sized companies, utilizing a flexible and
operationally focused / value‐added approach. Since its founding in
1993, H.I.G. has invested in and managed more than 300 companies
worldwide. The firm's current portfolio includes more than 100
companies with combined sales in excess of $30 billion. For more information, please visit
www.higcapital.com.
* Based on total capital commitments managed by H.I.G. Capital
and affiliates.
Media Contact:
Jeffrey Ory
P: (504) 458-5866
E: mediarelations@corahealth.com
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SOURCE CORA Health Services, Inc.