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.