U.S. Physical Therapy, Inc. acquired a 70% stake in Physical Therapy Practice with 5 Clinics for $2.1 million.
August 31, 2023
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U.S. Physical Therapy, Inc. (NYSE:USPH) acquired a 70% stake in Physical Therapy Practice with 5 Clinics for $2.1 million on July 31, 2023. USPH acquired a 70% equity interest in the practice for a purchase price of $2.1 million, with the current practice owners retaining a 30% equity interest. The business currently generates approximately $2.4 million in annual revenues.
U.S. Physical Therapy, Inc. (NYSE:USPH) completed the acquisition of a 70% stake in Physical Therapy Practice with 5 Clinics on July 31, 2023.
U.S. Physical Therapy, Inc. is engaged in physical therapy operations and provides industrial injury prevention services. The Company is engaged in physical therapy operations primarily through its subsidiary, clinic partnerships. The Company's physical therapy operations consist of physical therapy and occupational therapy clinics that provide pre-and post-operative care and treatment for orthopedic-related disorders, sports-related injuries, preventive care, rehabilitation of injured workers and neurological injuries. It operates approximately 678 outpatient physical therapy clinics in 42 states. The Company's industrial injury prevention services include onsite injury prevention and rehabilitation, performance optimization, post offer employment testing, functional capacity evaluations, and ergonomic assessments. It performs these services through Industrial Sports Medicine Professionals, consisting primarily of specialized certified athletic trainers (ATCs).
U.S. PHYSICAL THERAPY, INC. 
