U.S. Physical Therapy Inc, a national operator of outpatient physical therapy clinics and provider of industrial injury prevention services, announces its acquisition of a three-clinic physical therapy practice in South Carolina.
USPH acquired 75% of the equity interests of the physical therapy practice with the practice’s founder and owner retaining 25%. The purchase price for the 75% equity interest was approximately $3.7 million. The business generates more than $2.7 million in annual revenue and has approximately 31,000 patient visits per year.
“We’re very pleased to add this partnership to our physical therapy operations. Our talented new partner has done an excellent job growing his practice, and we believe there are continued revenue growth opportunities going forward.”— Chris Reading, Chief Executive Officer
[Source(s): U.S. Physical Therapy Inc, Business Wire]