Dear U.S. Physical Therapy Shareholder: 2019 seems like a lifetime ago already. So much has happened in our world and in our communities since January 2020 rolled around. I want our shareholders to know that I am very pr

Dear U.S. Physical Therapy Shareholder:

2019 seems like a lifetime ago already. So much has happened in our world and in our communities since January 2020 rolled around. I want our shareholders to know that I am very proud of the work that our entire team does every day. We get to know our patients get to know their hopes and dreams and often we get to hear about their fears and anxieties as well. All in all, it is a wonderful gift that we get to give one of hope and restoration, one of improved function and elimination of pain and one of helping them return to the things they love to do. It is my strong hope and belief that we can continue to do great things in the coming years for our patients and their families as well as in the communities where we serve. Here is a brief look back on 2019.

Highlights for the YEAR:

As we work forward through the challenges presented by COVID-19, I am happy to say that we continue to make good progress. In fact, we are in a much better place than we initially envisioned when the pandemic first took hold in mid-March in the U.S. We expect to resume our acquisition-related expansion at some point this year when we have sufficient data and information to suggest that volumes are at or close to normal levels in companies of interest. We continue to stay actively engaged with the private practice community through frequent speaking opportunities often relating to navigating the challenges that we are all facing thus far in 2020. We remain steadfast in our commitment to safety for our patients as well as employees and will continue to do what is in the best, long-term interest for our stakeholders. Our commitment to finding regulatory and legislative solutions relating to easing unnecessary and redundant regulatory burden; keeping telehealth as a viable, adjunctive care-solution for our patients; and working to assist in the opioid epidemic while insuring we have adequate and fair reimbursement remain a high priority for us and our industry alliance (APTQI: Alliance for Physical Therapy Quality and Innovation). We have made a good deal of progress recently but there is much more work to be done and we will remain actively committed to that work until we achieve our goals.

Thank you for your continued belief in us and in our team. We look forward to getting back to normal as quickly and safely as possible. God Bless!