Houston-based U.S. Physical Therapy acquired a 70% ownership interest in a provider of industrial injury prevention services. The acquired company also provides and manages inpatient and outpatient physical therapy services to hospitals and their ancillary units.
The business provides human performance solutions, combining ergonomic, injury prevention, physical rehabilitation, onsite medical and performance maximization services to its clients. The business generates approximately $27 million in annual revenue at a margin of approximately 20%; in addition, it has approximately $1.7 million in pretax earnings related to the acquired company’s 49% ownership interest in a joint venture providing physical therapy services to hospitals and their ancillary units. USPH acquired its interest in the acquired company at a price of approximately $63.2 million. Read more.
