U.S. Physical Therapy, Inc. acquired 75% stake in Three-clinic physical therapy practice in South Carolina for approximately $3.7 million.
January 02, 2022
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U.S. Physical Therapy, Inc. (NYSE:USPH) acquired 75% stake in Three-clinic physical therapy practice in South Carolina for approximately $3.7 million on December 31, 2021. Under the terms of agreement, the purchase price for the 75% equity interest was approximately $3.7 million. As a part of acquisition, USPH acquired 75% of the equity interests of the physical therapy practice with the practice's founder and owner retaining 25%. The business generates more than $2.7 million in annual revenue for the year ended 2021.
U.S. Physical Therapy, Inc. (NYSE:USPH) completed the acquisition of 75% stake in Three-clinic physical therapy practice in South Carolina on December 31, 2021.
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 clinics provide preventative and post-operative care for a variety of orthopedic-related disorders and sports-related injuries, treatment for neurologically related injuries and rehabilitation of injured workers. It operates approximately 683 outpatient physical therapy clinics in 42 states. In addition to owning and operating clinics, the Company manages about 41 physical therapy facilities for unaffiliated third parties, including hospitals and physician groups. The Company also has an industrial injury prevention business which provides onsite services for clientsâ employees, including injury prevention and rehabilitation, performance optimization, post-offer employment testing, functional capacity evaluations, and ergonomic assessments.
U.S. PHYSICAL THERAPY, INC. 
