USPh Announces Acquisition of a Five-Clinic Physical Therapy Practice
Tuesday, August 1, 2023 9:00AM, EST
Houston, TX, August 1, 2023 – 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, today announced an
acquisition of a physical therapy practice with five clinics.
USPH acquired a 70% equity interest in the practice for a purchase price of $2.1 million, with the current practice owners
retaining a 30% equity interest. The business currently generates approximately $2.4 million in annual revenues.
About U.S. Physical Therapy, Inc.
Founded in 1990, U.S. Physical Therapy, Inc. operates 661 outpatient physical therapy clinics in 41 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 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.