USPH - Mergers and acquisitions

U.S. Physical Therapy, Inc. ("USPH" or the "Company") (NYSE, NYSE Texas: USPH), a national operator of outpatient physical therapy clinics and provider of industrial injury prevention services, announced the acquisition of an industrial injury prevention business for approximately $15.1 million. The business currently generates approximately $7.0 million in annual revenues. USPH acquired a 70% interest and 30% was retained by the current owner. Eric Williams, President and Chief Operating Officer-East, said, "We are extremely pleased to announce this acquisition today which further expands our offerings in industrial injury prevention service lines. The management team is a perfect fit fo

U.S. Physical Therapy, Inc. ("USPH" or the "Company") (NYSE, NYSE Texas: USPH), a national operator of outpatient physical therapy clinics and provider of industrial injury prevention services, announced the acquisition of a physical therapy management services company, which exclusively manages a physical therapy practice with eight clinic locations, generating approximately $8.0 million in annual revenues and 66,000 in annual visits. USPH acquired a 50% interest and 50% was retained by the current owners. Graham Reeve, Chief Operating Officer-West, said, "We are excited to welcome our newest partners into the USPH family and expand our service offerings. This team delivers outstanding c

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,

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 an outpatient home care practice that provides physical, occupational, and speech therapy through its 50%-owned subsidiary, MSO Metro, LLC ("Metro"). The practice currently generates approximately $2.1 million in annual revenues. Metro acquired an 80% interest in the acquired company with the current owners retaining a 20% ownership interest. Eric Williams, President and Chief Operating Officer-East, said, "We are extremely excited to further extend our outpatient reach with the ability to now

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 in Wyoming, which currently generates approximately $4.3 million in annual revenues and 23,000 in annual visits. The Company acquired a 65% interest in the acquired company with the current owners retaining a 35% ownership interest. Graham Reeve, Chief Operating Officer-West, said, "We are excited to welcome our newest partners into our USPH family and expand our service offerings in the state of Wyoming. This team has developed incredibl

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 hand and physical therapy practice with eight clinic locations in Wyoming which currently generates approximately $6.5 million in annual revenues and 43,000 in annual visits. The Company acquired a 75% interest in the Company with the current owners retaining a 25% ownership interest. Chris Reading, Chief Executive Officer, 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

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 and hand therapy practice with eight clinic locations located in Pennsylvania which currently generates approximately $5.5 million in annual revenues. The Company acquired a 70% interest in the Company with the current owners retaining a 30% ownership interest. About U.S. Physical Therapy, Inc. Founded in 1990, U.S. Physical Therapy, Inc. operates 687 outpatient physical therapy clinics in 42 states. The Company's clinics provide preventative and post-operative care for a

The Company Acquired an Industrial Injury Prevention Business and a Physical Therapy Practice 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 ("IIP"), announced the acquisition of an IIP services business by one of its primary IIP companies, Briotix Health Limited Partnership ("Briotix"). Briotix purchased 100% of the IIP services business for a total purchase price of approximately $24.0 million. The business currently generates approximately $11.0 million in annual revenues. In a separate transaction, USPH also acquired a two-clinic physical therapy practic

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. Chris Reading, Chief Executive Officer, said, "This will be a great partnership addition to an already strong market for us. Our newest partne

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 ("IIP") services, today announced the acquisition of an IIP services and ergonomics software business by one of its two primary IIP companies, Briotix Health Limited Partnership ("Briotix"). In addition to increasing its IIP services business, the newly created ergonomics software provides an exciting new solution to add to Briotix's offerings to existing and potential customers. Briotix purchased all of the IIP services business and a 55% equity interest in the ergonomics software business for a total purchase price of

Company Has Purchased 54 Clinics over the Last Twelve Months 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, today announced the acquisition of two physical therapy practices in separate transactions, expanding the Company's presence in Alaska and adding its first clinics in the state of Colorado. USPH acquired a 70% equity interest in both practices with the current practice owners retaining 30% equity interests. The Company purchased the two practices for a combined $13.9 million. The businesses currently generate approximately $7.2 million in combined a

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, today announced the acquisition of a thirteen-clinic physical therapy practice. USPH acquired 80% of the equity interests of the physical therapy practice with the practice's owners retaining 20%. The purchase price for the 80% equity interest was approximately $25 million. The business currently generates more than $12 million in annualized revenue and approximately 120,000 annualized patient visits. Chris Reading, Chief Executive Officer, stated, "This is a very capable, smart, dedicated and compassionate gro

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, today announced the acquisition of a fourteen-clinic physical therapy practice. USPH acquired 60% of the equity interests of the physical therapy practice with the practice's owners retaining 40%. The purchase price for the 60% equity interest was approximately $19.3 million, with a potential additional amount to be paid at a later date based on the performance of the business. The business currently generates more than $9 million in annualized revenue and approximately 84,000 annualized patient visits. Chris R

Substantially Increases the Company's Industrial Injury Prevention Services Revenues 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, today announced the acquisition of a 70% ownership interest in a leading provider of industrial injury prevention services. The acquired company also provides and manages inpatient and outpatient physical therapy services to hospitals and their respective ancillary units. The business provides human performance solutions, combining ergonomic, injury prevention, physical rehabilitation, onsite medical and performance maximizatio

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, today announced the acquisition of a company that will add to its industrial injury prevention services business. The acquired company specializes in return-to-work and ergonomic services, among other offerings. The business generates more than $2.0 million in annual revenue. Through its Briotix subsidiary, USPH acquired the company's assets at a purchase price of approximately $3.3 million. Chris Reading, Chief Executive Officer, stated "We are pleased to be able to continue to grow our industrial injury preve

HOUSTON--(BUSINESS WIRE)--U.S. Physical Therapy, Inc. ("USPH" or the “Company”) (NYSE: USPH), a national operator of outpatient physical therapy clinics, today announced its first acquisition of 2021 and the second in the past four months. The Company completed the acquisition of a five clinic physical therapy practice. USPH acquired 70% of the equity interests with the practice’s founder and associates retaining 30%. The purchase price was $11.9 million. The business generates approximately $7.0 million in annual revenue and has approximately 46,000 patient visits per year. Chris Reading, Chief Executive Officer, stated “Our new partner has done a tremendous job in growing this p

HOUSTON--(BUSINESS WIRE)--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 three-clinic physical therapy practice. USPH acquired 75% of the equity interests with the practice founder retaining 25%. The purchase price was $9.1 million. The business generates more than $4.6 million in annual revenue and has approximately 54,000 patient visits per year. Chris Reading, Chief Executive Officer, said, “This announcement marks the third acquisition of the year and the second in the past few months. Our entire team is extremely excited about this newest partnership. O