U.S. Physical Therapy, a national operator of outpatient physical therapy clinics and provider of industrial injury prevention services, acquired a two-clinic physical therapy practice. The company did not name the practice or its location.
USPH acquired 80% of the equity interests of the physical therapy practice with the owners retaining 20%. The purchase price for the 80% equity interest was approximately $4.2 million inclusive of a note payable to the owners of $250,000. The remainder was paid in cash. The business generates more than $2.5 million in annual revenue and has approximately 17,000 patient visits per year. Read more.
