Full Press Release Details
Physical Therapy Makes Acquisition
HOUSTON--(BUSINESS WIRE)--May 1, 2015--U.S. Physical Therapy, Inc.
(NYSE:USPH), a national operator of outpatient physical therapy clinics,
announced today that the Company has acquired a 70% interest in a three
locations physical therapy practice. The business sees more than 30,000
patient visits per year and generates approximately $3.4 million in
annual revenue. The purchase price was $4.8 million.
About U.S. Physical Therapy, Inc.
Founded in 1990, U.S. Physical Therapy, Inc. operates 497 outpatient
physical and occupational 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 17
physical therapy facilities for third parties, including hospitals and
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
Bob East, 443-213-0502