U.S. Physical Therapy Inc, a national operator of outpatient physical therapy clinics and provider of industrial injury prevention services, announces an acquisition of an eight-clinic physical therapy practice.
USPH acquired 65% of the equity interests of the physical therapy practice with the practice’s founder and owners retaining 35%. The purchase price was $10.3 million. The business generates more than $7.3 million in annual revenue and has approximately 65,000 patient visits per year.
“We continue to attract great partners and this current opportunity is no different. We have a terrific group of highly motivated partners whom we are excited to help grow and scale forward.”
— Chris Reading, Chief Executive Officer
[Source(s): U.S. Physical Therapy Inc, Business Wire]
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