{"id":787371,"date":"2023-10-02T10:33:06","date_gmt":"2023-10-02T14:33:06","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/u-s-physical-therapy-announces-acquisition-of-two-physical-therapy-practices\/"},"modified":"2023-10-02T10:33:06","modified_gmt":"2023-10-02T14:33:06","slug":"u-s-physical-therapy-announces-acquisition-of-two-physical-therapy-practices","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/u-s-physical-therapy-announces-acquisition-of-two-physical-therapy-practices\/","title":{"rendered":"U.S. Physical Therapy Announces Acquisition of Two Physical Therapy Practices"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwuline { text-decoration: underline }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>U.S. Physical Therapy Announces Acquisition of Two Physical Therapy Practices<\/b><\/p>\n<p class=\"bwalignc\"><b><i>Company Has Purchased 54 Clinics over the Last Twelve Months<\/i><\/b><\/p>\n<p>HOUSTON&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nU.S. Physical Therapy, Inc. (&#8220;USPH&#8221; or the \u201cCompany\u201d) (NYSE: USPH), a national operator of outpatient physical therapy clinics and provider of industrial injury prevention services, today announced the acquisition of two physical therapy practices in separate transactions, expanding the Company\u2019s presence in Alaska and adding its first clinics in the state of Colorado.<\/p>\n<p>\nUSPH acquired a 70% equity interest in both practices with the current practice owners retaining 30% equity interests. The Company purchased the two practices for a combined $13.9 million. The businesses currently generate approximately $7.2 million in combined annual revenues and approximately 48,000 visits on an annualized basis across five total clinics.<\/p>\n<p>\nIn the last twelve months, USPH has acquired eight physical therapy practices with 44 total clinics and more than $39 million in revenue for a combined outlay of $72.5 million. In addition, the Company has purchased six practices with a total of 8 clinics that have been \u201ctucked into\u201d larger partnerships during this time period.<\/p>\n<p>\nChris Reading, Chief Executive Officer, said, \u201cWe are pleased to add these two practices to our Company and look forward to working with our new partners to further grow and scale their businesses. We\u2019re particularly pleased to add Colorado as our 42<sup>nd<\/sup> state with physical therapy operations. We have been very active in expanding our business through acquisitions over the last twelve months and the pipeline for potential acquisitions remains strong.\u201d<\/p>\n<p><b><span class=\"bwuline\">About U.S. Physical Therapy, Inc.<\/span><\/b><\/p>\n<p>\nFounded in 1990, U.S. Physical Therapy, Inc. operates 672 outpatient physical therapy clinics in 42 states. The Company&#8217;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 43 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.<\/p>\n<p>\nMore information about U.S. Physical Therapy, Inc. is available at <span class=\"bwuline\"><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.usph.com&amp;esheet=53566347&amp;newsitemid=20231002822364&amp;lan=en-US&amp;anchor=www.usph.com&amp;index=1&amp;md5=aa2aae632c4301d18a0d9b4cd58b0561\">www.usph.com<\/a><\/span>. The information included on that website is not incorporated into this press release.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20231002822364r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20231002822364\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20231002822364\/en\/<\/a><\/span><\/p>\n<p>\nU.S. Physical Therapy, Inc.<br \/>\n<br \/>Carey Hendrickson, Chief Financial Officer<br \/>\n<br \/>email: <a rel=\"nofollow\" href=\"mailto:chendrickson@usph.com\">chendrickson@usph.com<br \/>\n<\/a><br \/>Chris Reading, Chief Executive Officer<br \/>\n<br \/>(713) 297-7000<br \/>\n<br \/>Three Part Advisors<br \/>\n<br \/>Joe Noyons<br \/>\n<br \/>(817) 778-8424<\/p>\n<p><b>KEYWORDS:<\/b> Texas United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Hospitals Health Practice Management Physical Therapy<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20231002822364\/en\/1125594\/3\/LOGO_USPh_2020-06-RGB.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>U.S. Physical Therapy Announces Acquisition of Two Physical Therapy Practices Company Has Purchased 54 Clinics over the Last Twelve Months HOUSTON&#8211;(BUSINESS WIRE)&#8211; U.S. Physical Therapy, Inc. (&#8220;USPH&#8221; or the \u201cCompany\u201d) (NYSE: USPH), a national operator of outpatient physical therapy clinics and provider of industrial injury prevention services, today announced the acquisition of two physical therapy practices in separate transactions, expanding the Company\u2019s presence in Alaska and adding its first clinics in the state of Colorado. USPH acquired a 70% equity interest in both practices with the current practice owners retaining 30% equity interests. The Company purchased the two practices for a combined $13.9 million. The businesses currently generate approximately $7.2 million in combined annual revenues and approximately 48,000 visits on &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/u-s-physical-therapy-announces-acquisition-of-two-physical-therapy-practices\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;U.S. Physical Therapy Announces Acquisition of Two Physical Therapy Practices&#8221;<\/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-787371","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>U.S. Physical Therapy Announces Acquisition of Two Physical Therapy Practices - 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-of-two-physical-therapy-practices\/\" \/>\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 of Two Physical Therapy Practices - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"U.S. Physical Therapy Announces Acquisition of Two Physical Therapy Practices Company Has Purchased 54 Clinics over the Last Twelve Months HOUSTON&#8211;(BUSINESS WIRE)&#8211; U.S. Physical Therapy, Inc. (&#8220;USPH&#8221; or the \u201cCompany\u201d) (NYSE: USPH), a national operator of outpatient physical therapy clinics and provider of industrial injury prevention services, today announced the acquisition of two physical therapy practices in separate transactions, expanding the Company\u2019s presence in Alaska and adding its first clinics in the state of Colorado. USPH acquired a 70% equity interest in both practices with the current practice owners retaining 30% equity interests. The Company purchased the two practices for a combined $13.9 million. 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