U.S. Physical Therapy, Inc. acquired 70% stake in 17 clinics physical therapy practice for $11.4 million.

U.S. Physical Therapy, Inc. (NYSE:USPH) acquired 70% stake in 17 clinics physical therapy practice for $11.4 million effective January 3, 2017. The remaining 30% interest will be retained by the practice’s clinical owners. The practice generates approximately $11 million in total annual revenue.