Full Press Release Details
Dear U.S. Physical Therapy Shareholder:
Over these past 16 years, I have noticed that my shareholder letters are becoming more concise. I think that's because we have endeavored to be good,
consistent communicators with our shareholders regarding our opportunities and plans, as well as our periodic challenges.
At this time last year, I outlined our plan for 2018 which included:
I am happy to report that we made meaningful progress in all of these key areas for 2018. Our "key people additions" have added measurably to our current and
long term capability. We enjoyed a record year for same store growth in our visits fueled by excellent, compassionate care and service, driven by our extraordinary team of partners, directors and sales team members. On the expansion front, we
completed deals in physical therapy as well as our industrial injury prevention business. Additionally, we delivered a solid year of de novo (satellite) growth within our top 20 largest and most successful partnerships, further strengthening our
market position in these important states and communities.
Additional key highlights for 2018 include:
For 2019, you can expect more of the same focus from our team. One of our long term strengths has been our ability to attract and retain outstanding
individuals who make meaningful long-term contributions. We believe that people matter and we expect to continue to execute on our opportunity and responsibility to grow through outstanding care and service to our patients and to all of our
In closing, let me just say that the past 16 years have been incredibly rewarding for me. I am thankful as well as grateful to lead such a capable and caring
team. I remain excited about our opportunities both this year and for the foreseeable future. Thanks so much for your interest and support! God bless!