U.S. Physical Therapy Inc announces it has acquired a majority interest in a four-clinic physical therapy practice in Minnesota.
The practice produced $4.3 million in revenue in 2017. U.S. Physical Therapy acquired a 70% interest for $7.7 million. The practice’s existing management is remaining a 30% partnership stake, according to a media release from Houston-headquartered U.S. Physical Therapy Inc.
[Source(s): U.S. Physical Therapy Inc, Business Wire]