U.S. Physical Therapy, Inc., a national operator of outpatient physical therapy clinics and provider of industrial injury prevention services, announced on April 1 the acquisition of a physical therapy and hand therapy practice with nine clinic locations.
The practice being acquired currently generates approximately $11.4 million in annual revenues and has approximately 65,000 annual visits, according to the original deal press release published on BusinessWire on April 1, 2024.
Founded in 1990, U.S. Physical Therapy, Inc. operates more than 678 outpatient physical therapy clinics in 42 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.
Chris Reading, Chief Executive Officer of U.S. Physical Therapy, said, “This will be a great partnership addition to an already strong market for us. Our newest partners have done an exceptional job with a nicely developed workers comp centric mix of business and an appetite to grow in this and surrounding markets.”
According to data captured in the LevinPro HC database, this acquisition marks the ninth Rehabilitation transaction of the year. During 2023, there were 50 Rehabilitation deals announced.
