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US Physical Therapy Completes Acquisition of 4-Clinic Physical Therapy Practice for USD 12.2m
Monday 02 March 2020

2 March 2020 - Texas, US-based outpatient physical therapy clinics company US Physical Therapy, Inc. (NYSE: USPH) has acquired 65% of the equity interests of a four-clinic physical therapy practice, the company said.

The clinics practice's founders and associates retain approximately 35%. The purchase price was USD 12.2m. The business generates more than USD 6.6m in annual revenue and has approximately 53,000 patient visits per year.

US Physical Therapy, Inc. operates 587 outpatient physical therapy clinics in 40 states.

The company's clinics provide preventative and post-operative care for a range of orthopedic-related disorders and sports-related injuries, treatment for neurologically-related injuries and rehabilitation of injured workers.
Date Published: 02/03/2020
Target: Four-clinic physical therapy practice/65% stake
Country: USA
Deal Size: 12.2m (USD)
Sector: Healthcare
Type: Corporate acquisition
Financing: Cash
Status: Closed
Buyer: US Physical Therapy, Inc