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

1. USPH acquired a 50% equity interest in a management services organization. 2. The Company manages 50 outpatient clinics, primarily in New York. 3. Current annual revenue from these clinics is approximately $64 million. 4. USPH has plans for further expansion in New York and nearby states. 5. The acquisition aims to strengthen USPH’s outpatient clinic management capabilities.

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FAQ

Why Bullish?

The acquisition enhances USPH's market presence and revenue potential, similar to past strategic acquisitions boosting stock performance.

How important is it?

This acquisition directly impacts USPH's operational scale and future earnings, making it significant.

Why Long Term?

Expansion plans and increased revenue are expected to positively influence USPH's financial performance over time.

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USPH
HOUSTON--(BUSINESS WIRE)--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.

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