U.S. Physical Therapy acquired a 14-clinic physical therapy practice. USPH acquired 60% of the equity interests of the practice with the original owners retaining 40%. The purchase price for the 60% equity interest was approximately $19.3 million, with a potential additional amount to be paid at a later date based on performance. The business currently generates more than $9 million in annualized revenue and approximately 84,000 annualized patient visits.
Neither the name nor the location of the prqctice was disclosed in the press release.
Founded in 1990, U.S. Physical Therapy, Inc. operates 629 outpatient physical therapy clinics in 40 states. Read more.
