U.S. Physical Therapy Announces Acquisition of a Nine-Clinic Physical Therapy And Hand Therapy Practice
U.S. Physical Therapy, Inc. (USPH)
Last u.s. physical therapy, inc. earnings: 2/27 08:30 am
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US:NYSE Investor Relations:
usph.com/investor-relations/presentations.aspx
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Source: Business Wire
HOUSTON--(BUSINESS WIRE)--U.S. Physical Therapy, Inc. ("USPH" or 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 nine clinic locations.USPH acquired a 50% equity interest in the practice for a purchase price of $16.4 million, with the current practice owners retaining a 50% interest. The business currently generates approximately $11.4 million in annual revenues and approximately 65,000 annual visits.Chris Reading, Chief Executive Officer, said, “This will be a great partnership addition to an already strong market for us. Our newest partners have done an exceptional job with a nicely developed workers comp centric mix of business and an appetite to grow in this and surrounding markets.”About U.S. Physical Therapy, Inc.Founded in 1990, U.S. Physical Therapy, Inc. operates 678 outpatient physical therapy clinic
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USPH
Earnings
- 2/28/24 - Beat
USPH
Sec Filings
- 4/15/24 - Form ARS
- 4/15/24 - Form DEF
- 4/2/24 - Form 8-K
- USPH's page on the SEC website