Mountain Land Physical Therapy, portfolio company of Clairvest, Appoints Nathan Smith as CFO



Mountain Land Physical Therapy, a rapidly growing physical therapy company with 55 locations across Utah, Idaho and Montana has announced the appointment of Nathan Smith as CFO. Vardis is pleased to have supported Mountain Land’s CEO and its Board of Directors on this important engagement.

Mountain Land was founded in 1984 and is the leading physical therapy company in the region and one of the largest in the US. The Company has grown significantly over the past several years. Earlier this year, the company brought in outside capital to support its continued growth, partnering with Clairvest Group, a Toronto-based growth equity investor. This investment is Clairvest’s third partnership in the medical practice management domain.

“Our vision is to continue expanding throughout the Mountain West region to positively change as many lives as possible. We will continue to create value by providing excellent patient care, growth opportunities to our employees, and a values-driven culture that establishes trust. We are excited to have Clairvest join the Mountain Land Team; they bring valuable experience and expertise that will ensure our vision becomes a reality,” said Rick Lybbert, CEO of Mountain Land.

Nathan Smith joins Mountain Land from Blackrock Neurotech, a venture capital backed brain-computer interface company where he served as CFO. Earlier in his career, Smith served as Controller, Vice President Finance, and Senior Vice President of Investor Relations and Treasurer for Myriad Genetics (NASDAQ: MYGN). He is a CPA and began his career in the audit practice of Ernst & Young after earning his BA in Finance at Brigham Young University and an MS in Accounting from the University of Virginia. He and his family live in Salt Lake City and he will work in MLPT’s corporate offices there.

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