U.S. Physical Therapy, Inc. (“USPH”) (NYSE: USPH), a national operator of outpatient physical therapy clinics and provider of industrial injury prevention services, announces 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 manages 50 outpatient clinics, the majority of which are in New York, with plans to further expand in New York and adjacent states. 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.
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Source: https://www.businesswire.com/news/home/20241007361665/en/U.S.-Physical-Therapy-Announces-Acquisition-of-50-Clinic-Physical-Therapy-Management-Services-Organization