Houston-based U.S. Physical Therapy, a national operator of outpatient physical therapy clinics and provider of industrial injury prevention services, acquired an unnamed physical therapy practice with four clinics.
USPH and its local partners together acquired a 75% equity interest in the practice for $3.1 million, with the current practice owners retaining a 25% equity interest. The business currently generates approximately $2.6 million in annual revenues and approximately 27,000 annual visits.
Founded in 1990, U.S. Physical Therapy now operates 655 outpatient physical therapy clinics in 40 states. Read more.
