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.