U.S. Physical Therapy Announces Impact to Operations from Hurricanes Harvey and Irma
September 25 2017 - 3:00PM
Business Wire
U.S. Physical Therapy, Inc. (NYSE: USPH), a national operator of
outpatient physical therapy clinics, announced today that the
operations of 81 of the Company’s 567 clinics were affected by
hurricanes Harvey and Irma. Because of the high winds, loss of
electrical power, flooding and road closures attributed to those
severe storms, U.S. Physical Therapy’s business was interrupted in
large parts of the states of Texas, Florida and Georgia. The
preliminary estimate is that more than 7,100 patient visits,
representing approximately $635,000 in revenue and gross profit
contribution, were lost.
About U.S. Physical Therapy,
Inc.
Founded in 1990, U.S. Physical Therapy, Inc. operates 567
outpatient physical therapy clinics in 41 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 30 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/20170925006098/en/
U.S. Physical Therapy, Inc.Larry McAfee, 713-297-7000Chief
Financial OfficerorChris Reading, 713-297-7000Chief Executive
Officer
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