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U.S. Physical Therapy Announces the Acquisition of a Three-Clinic Physical Therapy Practice

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HOUSTON--(BUSINESS WIRE)-- 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 practice with three clinic locations, which currently generates approximately $5.3 million in annual revenues and 28,000 in annual visits. The Company acquired a 60% interest in the practice with the current owners retaining a 40% ownership interest.

Graham Reeve, Chief Operating Officer-West, 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 774 outpatient physical therapy clinics in 44 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 . The information included on that website is not incorporated into this press release.

U.S. Physical Therapy, Inc.

Carey Hendrickson, Chief Financial Officer

email: [email protected]

Chris Reading, Chief Executive Officer

(713) 297-7000

Three Part Advisors

Joe Noyons

(817) 778-8424

Source: U.S. Physical Therapy, Inc.

U S Physical Therapy

NYSE:USPH

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1.14B
14.88M
1.94%
105.51%
3.57%
Medical Care Facilities
Services-health Services
United States
HOUSTON