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Stock impact report

U.S. Physical Therapy Completes Acquisition of 50-Clinic Physical Therapy Practice

U.S. Physical Therapy, Inc. (USPH) 
Last u.s. physical therapy, inc. earnings: 2/27 08:30 am Check Earnings Report
Company Research Source: Business Wire
HOUSTON--(BUSINESS WIRE)--U.S. Physical Therapy, Inc. (“USPH”) (NYSE: USPH), a national operator of outpatient physical therapy clinics and provider of industrial injury prevention services, closed the previously announced acquisition of a 50% equity interest in a management services organization (the “Company”) that provides management and administrative services to 50 outpatient physical therapy clinics, the majority of which are in New York, with plans to further expand in New York and adjacent states. The Company-managed clinics deliver physical, occupational and speech therapy in outpatient clinics, and also provide physical therapy services to patients in their homes. 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.About U.S. Physical Therapy, Inc.Founded in 1990, U.S. Physical Therapy, Inc. owns and/or manages 750 outpatient physical Show less Read more
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