U.S. Physical Therapy Announces the Acquisition of an Eight-Clinic Hand and Physical Therapy Practice
02 12월 2024 - 9:30PM
Business Wire
U.S. Physical Therapy, Inc. (the Company”) (NYSE: USPH), a
national operator of outpatient physical therapy clinics and
provider of industrial injury prevention services, announced the
acquisition of a hand and physical therapy practice with eight
clinic locations in Wyoming which currently generates approximately
$6.5 million in annual revenues and 43,000 in annual visits. The
Company acquired a 75% interest in the Company with the current
owners retaining a 25% ownership interest.
Chris Reading, Chief Executive Officer, said, “We are excited to
welcome our newest partners into our USPH family. The founders have
forged a tremendous asset for patients in their communities. On
behalf of our entire team, we all look forward to assisting and
supporting them as they work to make a difference in the lives of
the patients and families that they serve.”
About U.S. Physical Therapy,
Inc.
Founded in 1990, U.S. Physical Therapy, Inc. owns and/or manages
764 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20241202858216/en/
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
US Physical Therapy (NYSE:USPH)
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US Physical Therapy (NYSE:USPH)
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