U.S. Physical Therapy Announces Acquisition
June 01 2017 - 7:00AM
Business Wire
U.S. Physical Therapy, Inc. (NYSE: USPH), a national operator of
outpatient physical therapy clinics, announced that the Company has
just completed the acquisition of a four clinic physical therapy
practice. USPH acquired a 70% interest with the practice’s clinical
owners retaining 30%. The purchase price was $2.5 million. The
business generates $3.0 million in annual revenue. There are
approximately 32,000 annual patient visits.
Thus far in 2017 U.S. Physical Therapy has acquired 21 physical
therapy clinics and 8 physical therapy management contracts.
Additionally the Company acquired a leading provider of workforce
performance solutions whose services include onsite injury
prevention and rehabilitation, performance optimization and
ergonomic assessments.
About U.S. Physical Therapy,
Inc.
Founded in 1990, U.S. Physical Therapy, Inc. operates 562
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 29 physical therapy facilities for unaffiliated
third parties, including hospitals and physician groups. The
Company also provides onsite services for clients’ employees
including injury prevention, rehabilitation, ergonomic assessments
and performance optimization.
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/20170601005198/en/
U.S. Physical Therapy, Inc.Larry McAfee, (713) 297-7000Chief
Financial OfficerorChris Reading, (713) 297-7000Chief Executive
Officer
US Physical Therapy (NYSE:USPH)
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