U.S. Physical Therapy Makes Acquisition
May 01 2015 - 8:15AM
Business Wire
U.S. Physical Therapy, Inc. (NYSE:USPH), a national operator of
outpatient physical therapy clinics, announced today that the
Company has acquired a 70% interest in a three locations physical
therapy practice. The business sees more than 30,000 patient visits
per year and generates approximately $3.4 million in annual
revenue. The purchase price was $4.8 million.
About U.S. Physical Therapy,
Inc.
Founded in 1990, U.S. Physical Therapy, Inc. operates 497
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.
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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