USPh Announces the Acquisition of an Eight-Clinic Hand and Physical Therapy Practice
Monday, December 02, 2024 7:30 AM, EST
Houston, TX, December 2, 2024 – 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.
Supporting our community is near and dear to our hearts. Especially as we approach the holiday season. While we support our partners and their mission to serve their local communities, USPh also strongly supports local charities throughout Greater Houston.
Supporting Local Charities
We use the holiday season as an excuse to bring everyone together for our annual USPh Foundation Holiday outreach event. This year, we are continuing our partnership with BEAR (BE A Resource for CPS Kids). BEAR does incredible work in Houston, supporting infants, children, and teens within Child Protective Services.
USPh offers two different ways for employees to get involved.
The first one is through BEAR’s Amazon Wish List, each registered volunteer will pick out gifts from the online wish list on Amazon. Employees get to pick the items they wish to send but USPh pays for the gifts as well. These gifts ship directly to the BEAR Warehouse with plenty of time before Christmas. The items will be immediately matched and distributed to the child who requested them.
The second way USPh employees can get involved in our holiday gift-giving is to sponsor a Child/Children. BEAR connects one specific child in need with a compassionate team in Houston! The USPh Foundation provides our employees with a gift card to use. Our team members receive an email with details of each specific child and their wish list and drop off the gifts for each sponsored child at BEAR’s HQ.
For many employees, this is their favorite USPh tradition. For USPh it is a time of reflection and appreciation for our city and team members. Together we’re building a stronger community and spreading the spirit of giving that defines this season.
Wishing You a Happy Thanksgiving!
Tuesday, November 12, 2024 4:05 PM, EST
Houston, TX, November 12, 2024 – U.S. Physical Therapy, Inc. (the “Company) (NYSE: USPH),
a national operator of outpatient physical therapy clinics and provider of industrial injury
prevention services, today announced that Chris Reading, Chief Executive Officer, will participate
in the Stephens Annual Investment Conference on Wednesday, November 20, 2024. On the same
day, Carey Hendrickson, Chief Financial Officer, will present at the 16th Annual Southwest
IDEAS Conference. The presentations will cover an overview of the Company.
About U.S. Physical Therapy, Inc.
Founded in 1990, U.S. Physical Therapy, Inc. owns and/or manages 754 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.
USPh Reports Third Quarter 2024 Results
Tuesday, November 05, 2024 4:05 PM, EST
USPh Completes Acquisition of 50-Clinic Physical Therapy Practice
Thursday, October 31, 2024 4:05 PM, EST
Houston, TX, October 31, 2024 – U.S. Physical Therapy, Inc. (“USPH”) (NYSE: USPH), a national operator of
outpatient physical therapy clinics and provider of industrial injury prevention services, closed the previously announced
acquisition of a 50% equity interest in a management services organization (the “Company”) that provides management
and administrative services to 50 outpatient physical therapy clinics, the majority of which are in New York, with plans
to further expand in New York and adjacent states. The Company-managed clinics deliver physical, occupational and
speech therapy in outpatient clinics, and also provide physical therapy services to patients in their homes. Through its
managed therapy providers, the Company currently generates approximately $64.0 million in annual revenue and
approximately $12.0 million in annual EBITDA on a consolidated basis.
About U.S. Physical Therapy, Inc.
Founded in 1990, U.S. Physical Therapy, Inc. owns and/or manages 750 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.
Looking Back on PPS 2024
As we look back on last week’s PPS event in D.C., we are reminded again how lucky we are to work in such a life-changing industry. Physical therapists have faced many challenges over the last few years, but we are proud of this industry and think the future of PT is bright.
It was a pleasure meeting with so many talented professionals, both new and old friends. We believe the connections we’ve made will pave the way for exciting partnerships and collaboration in the future. Whether we met at the piano bar, convention floor, or by the Ferris Wheel, we value our connection and look forward to staying in touch.
US Physical Therapy is growing and exploring new opportunities every day, if you want to know what it means to be a partner with USPh let us know! We are helping private practice owners navigate PT ownership by purchasing equity, having them remain owners, and moving forward with more support than ever before.
USPh Schedules Third Quarter 2024 Earnings Release and Conference Call
Wednesday, October 23, 2024 1:30 PM, EST
USPh Therapy Announces Acquisition of 50-Clinic Physical Therapy Management Services Organization
Monday, October 07, 2024 4:05 PM, EST
Houston, TX, October 7, 2024 – U.S. Physical Therapy, Inc. (“USPH”) (NYSE: USPH), a national operator of outpatient
physical therapy clinics and provider of industrial injury prevention services, today announced that it has signed an
agreement to purchase a 50% equity interest in a management services organization (the “Company”) that provides
management and administrative services to 50 physical therapy clinics. The Company expects to close the transaction on
October 31, 2024.
The Company manages 50 outpatient clinics, the majority of which are in New York, with plans to further expand in New
York and adjacent states. The Company-managed clinics deliver physical, occupational and speech therapy and also
provide physical therapy services to patients in their homes. Through its managed therapy providers, the Company
currently generates approximately $64.0 million in annual revenue and approximately $12.0 million in annual EBITDA
on a consolidated basis. The current owners of the Company will continue to have a 50% ownership interest. The Chief
Executive Officer of the Company, who will remain with the Company as its executive leader, joined the Company in
2016 and has grown the group of managed clinics from five clinics to 50 clinics.
Chris Reading, Chief Executive Officer of USPH, stated, “We are extremely excited about this partnership. We have been
working on this for some time and look forward to completing this transaction by month’s end. I am especially impressed
by the leadership of what will soon be our newest and largest PT partnership. The CEO has assembled a dedicated and
capable executive team who have demonstrated their collective ability to oversee and deliver exceptional care to their
patients while growing their company at an extraordinary rate. Our entire team looks forward to completing this
opportunity while assisting our newest partners on their outsized growth vision for the region.”
BofA Securities, Inc. acted as financial advisor to USPH on this transaction. Livingstone Partners LLC acted as advisor
to the Company.
About U.S. Physical Therapy, Inc.
Founded in 1990, U.S. Physical Therapy, Inc. operates approximately 687 outpatient physical therapy clinics in 42 states.
USPH’s clinics provide preventative and post-operative care for a variety of orthopedic-related disorders and sportsrelated injuries, treatment for neurologically-related injuries and rehabilitation of injured workers. In addition to owning
and operating clinics, USPH manages 40 physical therapy facilities for unaffiliated third parties, including hospitals and
physician groups. 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.
USPh Announces the Acquisition of an Eight-Clinic Physical Therapy Practice
Tuesday, September 03, 2024 7:30 AM, EST
Houston, TX, September 3, 2024 – 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 physical therapy and hand therapy practice with eight clinic locations located in Pennsylvania which currently generates
approximately $5.5 million in annual revenues. The Company acquired a 70% interest in the Company with the current
owners retaining a 30% ownership interest.
About U.S. Physical Therapy, Inc.
Founded in 1990, U.S. Physical Therapy, Inc. operates 687 outpatient physical 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 40 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’ employees including injury prevention and rehabilitation, performance optimization, post-offer employment
testing, functional capacity evaluations, and ergonomic assessments.
USPh to Present at the 15th Annual Midwest IDEAS Investor Conference
Wednesday, August 21, 2024 4:05 PM, EST
Houston, TX, August 21, 2024 – U.S. Physical Therapy, Inc. (the “Company) (NYSE: USPH), a
national operator of outpatient physical therapy clinics and provider of industrial injury prevention
services, today announced that Chris Reading, the Company’s Chairman and Chief Executive
Officer, will present at the 15th Annual Midwest IDEAS Investor Conference on Wednesday,
August 28, 2024. The presentation will cover an overview of the Company.
About U.S. Physical Therapy, Inc.
Founded in 1990, U.S. Physical Therapy, Inc. operates 680 outpatient physical 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 41 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’ 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.
USPh Reports Second Quarter 2024 Results
Tuesday, August 13, 2024 3:30 PM, EST
USPh Schedules Second Quarter 2024 Earnings Release and Conference Call
Thursday, July 26, 2024 7:30 AM, EST
USPh to Present at the CJS Securities 24th Annual New Ideas Summer Conference
Wednesday, July 03, 2024 1:20 PM, EST
Houston, TX, July 3, 2024 – U.S. Physical Therapy, Inc. (NYSE: USPH), a national operator of
outpatient physical therapy clinics and provider of industrial injury prevention services, today
announced that Chris Reading, Chief Executive Officer, will present at the CJS Securities 24th
Annual New Ideas Summer Conference on Wednesday, July 10, 2024. The presentation will cover
an overview of the Company.
About U.S. Physical Therapy, Inc.
Founded in 1990, U.S. Physical Therapy, Inc. operates 682 outpatient physical 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 41 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’ 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.
USPh to Present at the 14th Annual East Coast IDEAS Conference 2024
Wednesday, June 05, 2024 4:05 PM, EST
Houston, TX, June 5, 2024 – U.S. Physical Therapy, Inc. (NYSE: USPH), a national operator of
outpatient physical therapy clinics and provider of industrial injury prevention services, today
announced that Chris Reading, Chief Executive Officer, will present at the 14th Annual East Coast
IDEAS Conference 2024 on Wednesday, June 12, 2024. The presentation will cover an overview
of the Company.
About U.S. Physical Therapy, Inc.
Founded in 1990, U.S. Physical Therapy, Inc. operates 683 outpatient physical 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 41 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’ 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.
USPh to Present at the Jefferies Global Healthcare Conference 2024
Thursday, May 30, 2024 4:05 PM, EST
Houston, TX, May 30 , 2024 – U.S. Physical Therapy, Inc. (NYSE: USPH), a national operator
of outpatient physical therapy clinics and provider of industrial injury prevention services, today
announced that Carey Hendrickson, Chief Financial Officer, will present at the Jefferies Global
Healthcare Conference on Wednesday, June 5, 2024. The presentation will cover an overview of
the Company.
About U.S. Physical Therapy, Inc.
Founded in 1990, U.S. Physical Therapy, Inc. operates 683 outpatient physical 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 41 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’ 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.
USPh to Present at the Bank of America Securities Healthcare Conference 2024
Wednesday, May 9, 2024 3:05 PM, EST
USPh Reports First Quarter 2024 Results
Tuesday, May 07, 2024 5:00 PM, EST
Wednesday, May 01, 2024 8:30 AM, EST
U.S. Physical Therapy Announces Acquisitions
The Company Acquired an Industrial Injury Prevention Business
and a Physical Therapy Practice
Houston, TX, May 1, 2024 – U.S. Physical Therapy, Inc. (“USPH” or the “Company”) (NYSE: USPH), a national
operator of outpatient physical therapy clinics and provider of industrial injury prevention services (“IIP”), announced
the acquisition of an IIP services business by one of its primary IIP companies, Briotix Health Limited Partnership
(“Briotix”). Briotix purchased 100% of the IIP services business for a total purchase price of approximately $24.0 million.
The business currently generates approximately $11.0 million in annual revenues. In a separate transaction, USPH also
acquired a two-clinic physical therapy practice with approximately $1.0 million in annual revenue, which is being tucked
into a larger recently acquired practice.
Chris Reading, Chief Executive Officer, said, “We are extremely pleased to announce our industrial injury prevention
acquisition today. The relationships with this team extend for many years and there is a great respect for what they have
built over a long period of time. This opportunity will fit well within our Briotix partnership from an operational and
cultural perspective and will open us up to several new industry verticals in transportation, construction and
manufacturing. Additionally, we look forward to cross-selling opportunities for the more than 20 Briotix program
offerings now available.”
About U.S. Physical Therapy, Inc.
Founded in 1990, U.S. Physical Therapy, Inc. operates 683 outpatient physical 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 41 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’ 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.
USPh Schedules First Quarter 2024 Earnings Release and Conference Call
Tuesday, April 23, 2024 4:05 PM, EST
USPh Announces Acquisition of a Nine-Clinic Physical Therapy And Hand Therapy Practice
Monday, April 01, 2023 7:30 AM, EST
Houston, TX, April 1, 2024 – U.S. Physical Therapy, Inc. (“USPH” or the “Company”) (NYSE: USPH), a national
operator of outpatient physical therapy clinics and provider of industrial injury prevention services, announced the
acquisition of a physical therapy and hand therapy practice with nine clinic locations.
USPH acquired a 50% equity interest in the practice for a purchase price of $16.4 million, with the current practice owners
retaining a 50% interest. The business currently generates approximately $11.4 million in annual revenues and
approximately 65,000 annual visits.
Chris Reading, Chief Executive Officer, said, “This will be a great partnership addition to an already strong market for
us. Our newest partners have done an exceptional job with a nicely developed workers comp centric mix of business and
an appetite to grow in this and surrounding markets.”
About U.S. Physical Therapy, Inc.
Founded in 1990, U.S. Physical Therapy, Inc. operates 678 outpatient physical 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 41 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’ 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.
USPh Announces Change in Medicare Rate Reduction for the Remainder of 2024
Monday, March 11, 2024 7:00 AM, EST
USPh to Present at the Oppenheimer 34th Annual Healthcare MedTech & Services Conference
Friday, March 8, 2024 4:30 AM, EST
USPh Reports Fourth Quarter and Full Year 2023 Results
Wednesday, February 28, 2024 4:45 PM, EST
USPH Schedules Fourth Quarter & Year End 2023 Earnings Release and Conference Call Dates
Monday, February 5, 2024 3:30 PM, EST
42nd Annual J.P. Morgan Healthcare Conference
Tuesday, January 09, 2024 8:30 AM, EST
Houston, TX, January 9, 2024 – U.S. Physical Therapy, Inc. (NYSE: USPH) (the “Company”), a national operator of outpatient physical therapy clinics and provider of industrial injury prevention services, today announced that Chris Reading, Chief Executive Officer, and Carey Hendrickson, Chief Financial Officer, will present at the 42nd Annual J.P. Morgan Healthcare Conference on Wednesday, January 10, 2024. The presentation will cover an overview of the Company.
A copy of USPh’s investor presentation is posted on the Company’s website at www.usph.com.
About U.S. Physical Therapy, Inc.
Founded in 1990, U.S. Physical Therapy, Inc. operates 671 outpatient physical 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 43 physical therapy facilities for unaffiliated third parties, including hospitals and physician groups. The Company also has an industrial injury prevention business that 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.