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
physician groups.
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.
Copyright Business Wire 2015