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U.S. Physical Therapy Announces Acquisition HOUSTON--(BUSINESS WIRE)

Key Takeaway: Physical Therapy Announces Acquisition HOUSTON--(BUSINESS WIRE)--June 1, 2017--U.S. Physical Therapy, Inc. (NYSE: USPH), a national operator of outpatient physical therapy clinics, announced that the Company has just completed the acquisition of a four clinic physical therapy

Full Press Release Details

Physical Therapy Announces Acquisition
HOUSTON--(BUSINESS WIRE)--June 1, 2017--U.S. Physical Therapy, Inc.
(NYSE: USPH), a national operator of outpatient physical therapy
clinics, announced that the Company has just completed the acquisition
of a four clinic physical therapy practice. USPH acquired a 70% interest
with the practice's clinical owners retaining 30%. The purchase price
was $2.5 million. The business generates $3.0 million in annual revenue.
There are approximately 32,000 annual patient visits.
Thus far in 2017 U.S. Physical Therapy has acquired 21 physical therapy
clinics and 8 physical therapy management contracts. Additionally the
Company acquired a leading provider of workforce performance solutions
whose services include onsite injury prevention and rehabilitation,
performance optimization and ergonomic assessments.
About U.S. Physical Therapy, Inc.
Founded in 1990, U.S. Physical Therapy, Inc. operates 562 outpatient
physical therapy clinics in 42 states. The Company's 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.
In addition to owning and operating clinics, the Company manages 29
physical therapy facilities for unaffiliated third parties, including
hospitals and physician groups. The Company also provides onsite
services for clients' employees including injury prevention,
rehabilitation, ergonomic assessments and performance optimization.
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
U.S. Physical Therapy, Inc.
Larry McAfee, (713) 297-7000
Chris Reading, (713) 297-7000
Last updated: Jun 1, 2017