Recent Updates
Recently added Catalysts
USPH Positive Sentiment Score: 75/100

U.S. Physical Therapy, Inc. Carey Hendrickson, Chief Financial Officer Email: Chendrickson@usph.com Chris Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors Joe Noyons (817) 778-8424 U.S. Physic

Thursday, October 31, 2024 2 min read
Key Takeaway: U.S. Physical Therapy, Inc. has finalized its acquisition of a 50% equity interest in a management services organization that oversees 50 outpatient physical therapy clinics. This move is expected to bolster USPH's presence primarily in New York and surrounding states. The clinics deliver a range of therapy services, which include physical, occupational, and speech therapy, creating a solid revenue stream for the Company. With an annual revenue of approximately $64 million and an annual EBITDA of about $12 million, the acquisition positions USPH for further growth in the outpatient therapy market.

Market Sentiment Analysis

POSITIVE FACTORS

  • USPH has successfully acquired a 50% equity interest in a management services organization.
  • The acquisition involves clinics that provide diverse therapy services, expanding USPH’s reach.
  • The Company is generating substantial annual revenue and EBITDA, indicating financial stability.

Full Press Release Details

U.S. Physical Therapy, Inc.
Carey Hendrickson, Chief Financial Officer
Email: Chendrickson@usph.com
Chris Reading, Chief Executive Officer
U.S. Physical Therapy Completes Acquisition
of 50-Clinic Physical Therapy Practice
Houston, TX, October 31, 2024, 2024
- 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.

Frequently Asked Questions

What recent acquisition did U.S. Physical Therapy complete?

U.S. Physical Therapy acquired a 50% equity interest in a management services organization.

How many clinics does the acquired company manage?

The acquired company manages 50 outpatient physical therapy clinics.

Which states are targeted for future expansion?

U.S. Physical Therapy plans to expand in New York and adjacent states.

What annual revenue does the management company generate?

The management company generates approximately $64 million in annual revenue.

When was U.S. Physical Therapy founded?

U.S. Physical Therapy was founded in 1990.

Tags: USPH Viatris Investor Conferences Healthcare U.S. Physical Therapy physical therapy clinics New York acquisition
Last updated: Oct 31, 2024