On October 2, U.S. Physical Therapy, Inc. (USPH) announced it acquired two physical therapy practices for a combined $13.9 million. USPH acquired a 70% equity interest in both practices with the current practice owners retaining 30% equity interests.
The two physical therapy practices are located in Colorado and Alaska. According to U.S. Physical Therapy’s press release, the companies generate $72 million in revenue each year.
Founded in 1990, USPH operates more than 655 outpatient physical therapy clinics in 40 states. The company’s clinics provide preventive and post-operative care for a variety of orthopedic-related disorders and sports-related injuries, treatment for neurologically-related injuries and rehabilitation of injured workers.
According to data captured in the LevinPro HC database, this transaction represents the 37th Rehabilitation transaction of the year. This also mark’s USPH’s fourth transaction of 2023. USPH has expanded its portfolio by 12 practices and a total of $25.3 million in disclosed spending.
