U.S. Physical Therapy Acquires 13-Clinic Physical Therapy Practice
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... Read More »
ActivePro Rehab Partners Acquires 4 Oaks Physical Therapy
ActivePro Rehab Partners, a physical and occupational rehabilitation care development firm owned by The Beekman Group, announced an expansion of the company’s portfolio into Maryland with the acquisition of 4 Oaks Physical Therapy, a rehabilitative therapy provider with six locations across Maryland. According to the LevinPro HC database, this marks the 76th Rehabilitation transaction of 2022. With the acquisition, 4 Oaks Physical Therapy will grow their physical presence through a significant expansion to serve additional Maryland communities. Terms of the deal were not disclosed. This marks the second acquisition by ActivePro Rehab Partners during November 2022 following the... Read More »
High Hopes for the Rehabilitation Market: Strong Tailwinds Push Deal Activity
Whenever we speak with dealmakers in the healthcare M&A market, they frequently discuss how the market is fragmented. Although there is no shortage of major players, especially as retail and tech giants push deeper into healthcare, there’s still a high volume of smaller, independently owned agencies and providers. The U.S. outpatient rehabilitation market has more than 37,000 independent clinics, and no company owns more than 10% market share. Some significant players include Select Medical (1,933 clinics), ATI Physical Therapy (900 clinics) and U.S. Physical Therapy, Inc. (629 clinics). Additionally, rehabilitation services are split across many sources: hospitals, therapy clinics,... Read More »
U.S. Physical Therapy’s Q3 2022 Earnings Highlights
U.S. Physical Therapy, Inc (USPT) announced its financial results for the third quarter ended September 30, 2022. Earnings, adjusted for non-recurring gains, came to $0.58 per share, beating the Zacks Consensus Estimate of $0.55 per share. Despite the impact labor and inflation-related headwinds had on some financial metrics (net income and adjusted EBITDA), USPT still managed to report strong revenues and improved performance indicators, such as patient visits. USPT also remained active throughout the quarter with several acquisitions announced and completed. The Houston, Texas-based company reported: 10.9% increase in total revenue from $125.9 million in Q3:21 to $139.6 million in... Read More »
ActivePro Rehab Partners Expands In New Jersey
ActivePro Rehab Partners, a portfolio company of The Beekman Group, announced on November 1 that it acquired Rehab Excellence Center. Founded in 2001, Rehab Excellence Center is a leading provider of physical therapy services throughout southern New Jersey that, pre- acquisition, operated six locations. ActivePro Rehab Partners manages rehabilitation clinics. More than 40 years ago, it was formed to accelerate clinic growth in New Jersey and beyond. The addition of Rehab Excellence expands ActivePro’s coverage across the state with 48 locations in 16 New Jersey counties. Rehab Excellence, in turn, will operate 12 locations. Terms of the acquisition were not disclosed.... Read More »Schedule a demo
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