U.S. Physical Therapy Inc (USPH), a national operator of outpatient physical therapy clinics, announce the completion of its acquisition of a nine-clinic physical therapy practice that also has two management contracts with third-party therapy providers.
USPH notes in a media release that it acquired a 70% interest, with the practice’s clinical owners retaining 30%. The purchase price was $4.5 million. The business generates more than $8.7 million in total annual revenue. This year they should see approximately 67,000 patient visits at their owned clinics.
Thus far in 2017 U.S. Physical Therapy has completed five partner-centric acquisitions, adding 39 clinics, 10 management locations, and a workforce performance solution’s business whose services include on-site injury prevention and rehabilitation, performance optimization, and ergonomic assessments, it adds.
[Source(s): U.S. Physical Therapy, Business Wire]