U.S. Physical Therapy Announces Acquisition of a Nine-Clinic Physical Therapy And Hand Therapy Practice
01 Abril 2024 - 8:30AM
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 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 41 physical therapy facilities for unaffiliated
third parties, including hospitals and physician groups. The
Company also has an industrial injury prevention business which
provides onsite services for clients’ employees including injury
prevention and rehabilitation, performance optimization, post-offer
employment testing, functional capacity evaluations, and ergonomic
assessments.
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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240401692812/en/
U.S. Physical Therapy, Inc. Carey Hendrickson, Chief Financial
Officer email: chendrickson@usph.com
Chris Reading, Chief Executive Officer (713) 297-7000
Three Part Advisors Joe Noyons (817) 778-8424
US Physical Therapy (NYSE:USPH)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024
US Physical Therapy (NYSE:USPH)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024