U.S. Physical Therapy, Inc. acquired 50% stake in Nine-Clinic Physical Therapy And Hand Therapy Practice for $16.4 million.
April 31, 2024
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U.S. Physical Therapy, Inc. (NYSE:USPH) acquired 50% stake in Nine-Clinic Physical Therapy And Hand Therapy Practice for $16.4 million on March 29, 2024. The business currently generates approximately $11.4 million in annual revenues and approximately 65,000 annual visits.
U.S. Physical Therapy, Inc. (NYSE:USPH) completed the acquisition of 50% stake in Nine-Clinic Physical Therapy And Hand Therapy Practice on March 29, 2024.
U.S. Physical Therapy, Inc. is engaged in physical therapy operations and provides industrial injury prevention services. The Company is engaged in physical therapy operations primarily through its subsidiary, clinic partnerships. The Company's physical therapy operations consist of physical therapy and occupational therapy clinics that provide pre-and post-operative care and treatment for orthopedic-related disorders, sports-related injuries, preventive care, rehabilitation of injured workers and neurological injuries. It operates approximately 678 outpatient physical therapy clinics in 42 states. The Company's industrial injury prevention services include onsite injury prevention and rehabilitation, performance optimization, post offer employment testing, functional capacity evaluations, and ergonomic assessments. It performs these services through Industrial Sports Medicine Professionals, consisting primarily of specialized certified athletic trainers (ATCs).