{"id":390596,"date":"2020-12-01T08:33:25","date_gmt":"2020-12-01T13:33:25","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=390596"},"modified":"2020-12-01T08:33:25","modified_gmt":"2020-12-01T13:33:25","slug":"u-s-physical-therapy-announces-acquisition-3","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/u-s-physical-therapy-announces-acquisition-3\/","title":{"rendered":"U.S. Physical Therapy Announces Acquisition"},"content":{"rendered":"

<\/p>\n

U.S. Physical Therapy Announces Acquisition<\/b><\/p>\n

HOUSTON–(BUSINESS WIRE<\/a>)–
\nU.S. Physical Therapy, Inc. (NYSE: USPH), a national operator of outpatient physical therapy clinics, announced today that the Company just completed the acquisition of a three-clinic physical therapy practice. USPH acquired 75% of the equity interests with the practice founder retaining 25%. The purchase price was $9.1 million. The business generates more than $4.6 million in annual revenue and has approximately 54,000 patient visits per year.\n<\/p>\n

\nChris Reading, Chief Executive Officer, said, \u201cThis announcement marks the third acquisition of the year and the second in the past few months. Our entire team is extremely excited about this newest partnership. Our new partner has done a masterful job navigating through the pandemic to new all-time highs with a great forward plan for growth.\u201d\n<\/p>\n

About U.S. Physical Therapy, Inc. <\/span><\/b><\/p>\n

\nFounded in 1990, U.S. Physical Therapy, Inc. operates 553 outpatient physical therapy clinics in 39 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 38 physical therapy facilities for unaffiliated third parties, including hospitals and physician groups. The Company also has an industrial injury prevention business which provides onsite services for clients\u2019 employees including injury prevention and rehabilitation, performance optimization, post-offer employment testing, functional capacity evaluations, and ergonomic assessments.\n<\/p>\n

\nMore information about U.S. Physical Therapy, Inc. is available at www.usph.com<\/a><\/span>. The information included on that website is not incorporated into this press release.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20201201005282\/en\/<\/a><\/span><\/p>\n

\nU.S. Physical Therapy, Inc.
\n
Carey Hendrickson, Chief Financial Officer
\n
Chris Reading, Chief Executive Officer
\n
(713) 297-7000\n<\/p>\n

KEYWORDS:<\/b> Texas United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> General Health Fitness & Nutrition Health Physical Therapy<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

U.S. Physical Therapy Announces Acquisition HOUSTON–(BUSINESS WIRE)– U.S. Physical Therapy, Inc. (NYSE: USPH), a national operator of outpatient physical therapy clinics, announced today that the Company just completed the acquisition of a three-clinic physical therapy practice. USPH acquired 75% of the equity interests with the practice founder retaining 25%. The purchase price was $9.1 million. The business generates more than $4.6 million in annual revenue and has approximately 54,000 patient visits per year. Chris Reading, Chief Executive Officer, said, \u201cThis announcement marks the third acquisition of the year and the second in the past few months. Our entire team is extremely excited about this newest partnership. Our new partner has done a masterful job navigating through the pandemic to new … <\/p>\n

Continue reading “U.S. Physical Therapy Announces Acquisition”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-390596","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nU.S. Physical Therapy Announces Acquisition - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/u-s-physical-therapy-announces-acquisition-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"U.S. Physical Therapy Announces Acquisition - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"U.S. Physical Therapy Announces Acquisition HOUSTON–(BUSINESS WIRE)– U.S. Physical Therapy, Inc. (NYSE: USPH), a national operator of outpatient physical therapy clinics, announced today that the Company just completed the acquisition of a three-clinic physical therapy practice. USPH acquired 75% of the equity interests with the practice founder retaining 25%. The purchase price was $9.1 million. The business generates more than $4.6 million in annual revenue and has approximately 54,000 patient visits per year. Chris Reading, Chief Executive Officer, said, \u201cThis announcement marks the third acquisition of the year and the second in the past few months. Our entire team is extremely excited about this newest partnership. 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