U.S. Physical Therapy Announces Acquisition of Five Clinic Therapy Practice
May 28 2013 - 8:15AM
Business Wire
U.S. Physical Therapy, Inc. (NYSE: USPH), a national operator of
physical and occupational therapy outpatient clinics (the
“Company”), today announced that the Company has acquired an 80%
interest in a five clinic physical therapy group. The practice sees
approximately 36,000 patients per year and produces total revenue
of $3,800,000.
This is the third physical therapy group acquisition that U.S.
Physical Therapy has completed thus far in 2013.
About U.S. Physical Therapy, Inc.
Founded in 1990, U.S. Physical Therapy, Inc. operates 447
clinics in 43 states. The Company's clinics provide preventative
and post-operative care for a variety of orthopedic-related
disorders and sports-related injuries, non-surgical treatment of
osteoarthritis, treatment for neurologically-related injuries and
rehabilitation of injured workers. In addition to owning and
operating clinics, the Company manages 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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