U.S. Physical Therapy Announces Acquisition Of Six-Clinic Physical Therapy Practice

 U.S. Physical Therapy, Inc. ("USPH" or the "Company") (NYSE: USPH), a national operator of outpatient physical therapy clinics and provider of industrial injury prevention services, today announced an acquisition of a six-clinic physical therapy practice. The clinics are located in West Virginia and Pennsylvania.

USPH acquired 70% of the equity interests of the physical therapy practice with the practice’s founder and owners retaining 30%. The purchase price for the 70% equity interest was approximately $3.5 million. The business generates more than $2.5 million in annual revenue and has approximately 26,000 patient visits per year.

https://finance.yahoo.com/news/u-physical-therapy-announces-acquisition-113000578.html