U.S. Physical Therapy, Inc. (USPH) has successfully concluded the acquisition of a 50% equity interest in a management services organization that oversees 50 outpatient physical therapy clinics, predominantly located in New York. This move reflects USPH's strategic plans to expand its presence in New York and neighboring states. The clinics managed by the acquired organization offer physical, occupational, and speech therapy services both on-site and in patients' homes. The consolidated annual revenue generated by these clinics stands at approximately $64.0 million, with an annual EBITDA of around $12.0 million.
As of 2024, U.S. Physical Therapy, Inc. owns and/or manages a total of 750 outpatient physical therapy clinics spanning 43 states. These clinics cater to a wide range of needs, including preventative and post-operative care for orthopedic and sports-related injuries, treatment for neurologically-related injuries, and rehabilitation services for injured workers. Additionally, the company operates an industrial injury prevention business that provides comprehensive onsite services for employees, encompassing injury prevention, rehabilitation, performance optimization, post-offer employment testing, functional capacity evaluations, and ergonomic assessments.
This acquisition marks a significant step for USPH as it continues to fortify its position in the outpatient physical therapy space and expand its service offerings to a broader patient base. As a result of these announcements, the company's shares have moved 1.5% on the market, and are now trading at a price of $81.38. For the full picture, make sure to review U.S. Physical Therapy's 8-K report.
