U.S. Physical Therapy announced an acquisition of a physical therapy practice with five clinics. Neither the practice nor its locations were named in the press release.
USPH acquired a 70% equity interest in the practice for $2.1 million, with the current practice owners retaining a 30% equity interest. The business currently generates approximately $2.4 million in annual revenues.
Founded in 1990, Houston-based U.S. Physical Therapy, Inc. operates 661 outpatient physical therapy clinics in 41 states. Read more.
