U.S. Physical Therapy Completes Another Acquisition
01 July 2015 - 11:00PM
Business Wire
Company Surpasses 500 Clinic Mark
U.S. Physical Therapy, Inc. (NYSE: USPH), a national operator of
outpatient physical therapy clinics, announced today that the
Company has completed its third acquisition thus far in 2015. In
the most recent transaction, the Company acquired a 70% interest in
a four location physical therapy practice. The business has
approximately 50,000 patient visits per year and generates $5.5
million in annual revenue. The purchase price was $4.3 million.
About U.S. Physical Therapy,
Inc.
Founded in 1990, U.S. Physical Therapy, Inc. operates 501
outpatient physical and occupational therapy clinics in 42 states.
The Company's clinics provide preventative and post-operative care
for a variety of orthopedic-related disorders and sports-related
injuries, treatment for neurologically-related injuries and
rehabilitation of injured workers. In addition to owning and
operating clinics, the Company manages 17 physical therapy
facilities for third parties, including hospitals and physician
groups.
More information about U.S. Physical Therapy, Inc. is available
at www.usph.com. The information included on that website is not
incorporated into this press release.
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version on businesswire.com: http://www.businesswire.com/news/home/20150701005255/en/
U.S. Physical Therapy, Inc.Larry McAfee, (713) 297-7000Chief
Financial OfficerorChris Reading, (713) 297-7000Chief Executive
OfficerorWestwicke PartnersBob East, (443) 213-0502
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