U.S. Physical Therapy Announces the Acquisition of an Eight-Clinic Physical Therapy Practice
03 September 2024 - 9:30PM
Business Wire
U.S. Physical Therapy, Inc. (the “Company”) (NYSE: USPH), a
national operator of outpatient physical therapy clinics and
provider of industrial injury prevention services, announced the
acquisition of a physical therapy and hand therapy practice with
eight clinic locations located in Pennsylvania which currently
generates approximately $5.5 million in annual revenues. The
Company acquired a 70% interest in the Company with the current
owners retaining a 30% ownership interest.
About U.S. Physical Therapy,
Inc.
Founded in 1990, U.S. Physical Therapy, Inc. operates 687
outpatient physical 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 40 physical therapy facilities for unaffiliated
third parties, including hospitals and physician groups. The
Company also has an industrial injury prevention business which
provides onsite services for clients’ employees including injury
prevention and rehabilitation, performance optimization, post-offer
employment testing, functional capacity evaluations, and ergonomic
assessments.
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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240903249244/en/
U.S. Physical Therapy, Inc. Carey Hendrickson, Chief Financial
Officer email: chendrickson@usph.com Chris Reading, Chief Executive
Officer (713) 297-7000 Three Part Advisors Joe Noyons (817)
778-8424
US Physical Therapy (NYSE:USPH)
Historical Stock Chart
From Sep 2024 to Oct 2024
US Physical Therapy (NYSE:USPH)
Historical Stock Chart
From Oct 2023 to Oct 2024