Houston-based U.S. Physical Therapy announced the acquisition of a thirteen-clinic physical therapy practice. The name and location of the practice were not disclosed.
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.
Founded in 1990, U.S. Physical Therapy, Inc. operates 642 outpatient physical therapy clinics in 40 states. Read more.
