U.S. Physical Therapy Announces Acquisitions
01 Mayo 2024 - 7:30AM
Business Wire
The Company Acquired an Industrial Injury
Prevention Business and a 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 (“IIP”),
announced the acquisition of an IIP services business by one of its
primary IIP companies, Briotix Health Limited Partnership
(“Briotix”). Briotix purchased 100% of the IIP services business
for a total purchase price of approximately $24.0 million. The
business currently generates approximately $11.0 million in annual
revenues. In a separate transaction, USPH also acquired a
two-clinic physical therapy practice with approximately $1.0
million in annual revenue, which is being tucked into a larger
recently acquired practice.
Chris Reading, Chief Executive Officer, said, “We are extremely
pleased to announce our industrial injury prevention acquisition
today. The relationships with this team extend for many years and
there is a great respect for what they have built over a long
period of time. This opportunity will fit well within our Briotix
partnership from an operational and cultural perspective and will
open us up to several new industry verticals in transportation,
construction and manufacturing. Additionally, we look forward to
cross-selling opportunities for the more than 20 Briotix program
offerings now available.”
About U.S. Physical Therapy,
Inc.
Founded in 1990, U.S. Physical Therapy, Inc. operates 683
outpatient physical therapy clinics in 42 states. The Company's
clinics provide preventative 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. In addition to owning and operating clinics, the
Company manages 41 physical therapy facilities for unaffiliated
third parties, including hospitals and physician groups. The
Company also has an industrial injury prevention business which
provides onsite services for clients’ employees including injury
prevention and rehabilitation, performance optimization, post-offer
employment testing, functional capacity evaluations, and ergonomic
assessments.
More information about U.S. Physical Therapy, Inc. is available
at www.usph.com. The information included on that website is not
incorporated into this press release.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240501109856/en/
U.S. Physical Therapy, Inc. Carey Hendrickson, Chief Financial
Officer email: chendrickson@usph.com Chris
Reading, Chief Executive Officer (713) 297-7000 Three Part Advisors
Joe Noyons (817) 778-8424
US Physical Therapy (NYSE:USPH)
Gráfica de Acción Histórica
De Ago 2024 a Sep 2024
US Physical Therapy (NYSE:USPH)
Gráfica de Acción Histórica
De Sep 2023 a Sep 2024