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, has announced an acquisition of a physical therapy practice with one large clinic. USPH acquired 80% of the equity interests of the physical therapy practice with the practice’s founder and owners retaining 20%. The purchase price for the 80% equity interest was approximately $6.2 million. The business generates approximately $3.2 million in annual revenue and has approximately 27,000 patient visits per year.
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Source: https://www.businesswire.com/news/home/20230301005229/en/U.S.-Physical-Therapy-Announces-Acquisition-Of-Physical-Therapy-Practice