StockNews.AI
USPH
StockNews.AI
12 days

U.S. Physical Therapy Completes Acquisition of 50-Clinic Physical Therapy Practice

1. USPH acquired 50% equity in a management services organization. 2. The acquisition includes 50 outpatient physical therapy clinics. 3. Clinics generate approximately $64 million in annual revenue. 4. Expansion plans target New York and neighboring states. 5. USPH currently operates 750 clinics across 43 states.

6 mins saved
Full Article

FAQ

Why Bullish?

The acquisition boosts USPH's market presence and revenue base. Historical acquisitions have led to positive stock performance.

How important is it?

The acquisition enhances USPH's competitive position and revenue potential significantly.

Why Long Term?

Expansion and revenue growth will contribute positively over time. Previous growth strategies resulted in sustained value increase.

Related Companies

U.S. Physical Therapy Completes Acquisition of 50-Clinic Physical Therapy Practice

HOUSTON--( )--U.S. Physical Therapy, Inc. (“USPH”) (NYSE: USPH), a national operator of outpatient physical therapy clinics and provider of industrial injury prevention services, closed the previously announced acquisition of a 50% equity interest in a management services organization (the “Company”) that provides management and administrative services to 50 outpatient physical therapy clinics, the majority of which are in New York, with plans to further expand in New York and adjacent states. The Company-managed clinics deliver physical, occupational and speech therapy in outpatient clinics, and also provide physical therapy services to patients in their homes. Through its managed therapy providers, the Company currently generates approximately $64.0 million in annual revenue and approximately $12.0 million in annual EBITDA on a consolidated basis.

About U.S. Physical Therapy, Inc.

Founded in 1990, U.S. Physical Therapy, Inc. owns and/or manages 750 outpatient physical therapy clinics in 43 states. USPH 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. USPH 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.

Contacts

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

Related News