U.S. Physical Therapy Announces Acquisition

U.S. Physical Therapy, Inc. (NYSE: USPH), a national operator of outpatient physical therapy clinics, announced today that the Company just completed the acquisition of a four clinic physical therapy practice. USPH acquired approximately 65% of the equity interests with the practice’s founders and associates retaining approximately 35%. The purchase price was $12.2 million. The business generates more than $6.6 million in annual revenue and has approximately 53,000 patient visits per year.

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Source: https://www.businesswire.com/news/home/20200227005075/en/U.S.-Physical-Therapy-Announces-Acquisition

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