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, announced the acquisition of a physical therapy and hand therapy practice with nine clinic locations. USPH acquired a 50% equity interest in the practice for a purchase price of $16.4 million, with the current practice owners retaining a 50% interest. The business currently generates approximately $11.4 million in annual revenues and approximately 65,000 annual visits.
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Source: https://www.businesswire.com/news/home/20240401692812/en/U.S.-Physical-Therapy-Announces-Acquisition-of-a-Nine-Clinic-Physical-Therapy-And-Hand-Therapy-Practice