U.S. Physical Therapy announces it has acquired a 70% interest in a four-clinic physical therapy practice, for $2.5 million.
The clinical owners will retain the remaining 30% interest in the practice, which receives approximately 32,000 patient visits per year and generates $3 million in annual revenue.
Thus far in 2017, U.S. Physical Therapy has acquired 21 physical therapy clinics and eight physical therapy management contracts. Additionally, the company acquired a leading provider of workforce performance solutions whose services include onsite injury prevention and rehabilitation, performance optimization and ergonomic assessments, according to a media release.
[Source(s): U.S. Physical Therapy, Business Wire]