U.S. Physical Therapy announced an acquisition of a physical therapy practice with one large clinic. The name of the acquisition was not disclosed, nor was its location.
USPH acquired 80% of the equity interests of the physical therapy practice with the practice’s founder and owners retaining 20%. The purchase price for the 80% equity interest was approximately $6.2 million. The business generates approximately $3.2 million in annual revenue and has approximately 27,000 patient visits per year.
Founded in 1990, U.S. Physical Therapy, Inc. operates 644 outpatient physical therapy clinics in 40 states. Read more.
