New Harbor Capital Portfolio Company FYZICAL Therapy & Balance Centers Hires CEO
New Harbor Capital (“New Harbor”) is excited to announce that portfolio company FYZICAL Therapy & Balance Centers (“FYZICAL”, “the Company”) has hired Wayne Cavanaugh as Chief Executive Officer.
FYZICAL is the fastest-growing physical therapy franchise in the United States, with over 600 open locations in 46 states, and is headquartered in Sarasota, Florida. FYZICAL is committed to providing patients of all ages with personalized care plans to help treat muscle, joint, and neurological conditions, and deploys proprietary balance and vestibular programs throughout its clinic network.
“We’re thrilled to welcome Wayne as the CEO of FYZICAL,” said Tom Formolo, Partner at New Harbor Capital. “His background in leading private equity-backed, multi-site organizations will be instrumental in driving FYZICAL’s continued growth. We look forward to seeing the positive influence he will have through his leadership and strategic vision.”
“I’m honored to step into the role of CEO at FYZICAL,” said Wayne Cavanaugh, CEO of FYZICAL. “With over 600 locations and a commitment to personalized, patient-centric care, FYZICAL is making a real difference in people’s lives. I’m excited to build on this momentum, expand access to high-quality physical therapy, and support our franchise partners in delivering exceptional outcomes for the communities they serve.”
Wayne Cavanaugh, Chief Executive Officer, FYZICAL
Wayne previously served as CEO of Family Care Center (“FCC”), a multi-site behavioral health provider. Under his leadership, FCC scaled rapidly and now serves patients across over 40 locations and five states. He also has served as an operating partner and advisor to a number of private equity-backed, multi-site health and wellness companies, including US Renal Care and Liberty Dialysis. He is also the founder of Ninja Nation, a fast-growing franchise in the youth fitness industry. Earlier in his career, Wayne served as Vice President at KRG Capital Partners, where he completed nearly $5 billion in investment transactions.
Wayne holds an MBA from Duke University’s Fuqua School of Business and a finance degree from DePaul University.
About FYZICAL
For more information about FYZICAL or to find the nearest location, visit fyzical.com.