U.S. Physical Therapy, Inc. (USPT), a national operator of outpatient physical therapy clinics and provider of industrial injury prevention services, announced its acquisition of a thirteen-clinic physical therapy practice.
USPH acquired 80% of the equity interests of the physical therapy practice with the practice’s owners retaining 20%. The purchase price for the 80% equity interest was approximately $25 million.
The business being acquired currently generates more than $12 million in annualized revenue and approximately 120,000 annualized patient visits.
Founded in 1990, USPT operates 642 outpatient physical therapy clinics across 40 states. The company also manages 40 physical therapy facilities for unaffiliated third parties, including hospitals and physician groups.
