U.S. PHYSICAL THERAPY, INC. (NYSE:USPH) Files An 8-K Other Events
Item 8.01 Other Events
outpatient physical therapy clinics, announced that the Company
has just completed the acquisition of a 12 clinic group. USPH
acquired a 60% interest with the physical therapy practices
clinical owners retaining 40%. The business sees 90,000 plus
patient visits per year and generates more than $10 million in
annual revenue. The purchase price was $11.5 million.
|
Item 9.01
|
FINANCIAL STATEMENTS AND EXHIBITS
|
|
Exhibits
|
Description of Exhibits
|
|
|
99.1
|
Registrant’s press release dated December 1, 2016 U.S.
Physical Therapy Announces 12 Clinic Group Acquisition. ** |
|
About U.S. PHYSICAL THERAPY, INC. (NYSE:USPH)
U.S. Physical Therapy, Inc., through its subsidiaries, operates outpatient physical therapy clinics that provide pre-and post-operative care, and treatment for orthopedic-related disorders, sports-related injuries, preventative care, rehabilitation of injured workers and neurological-related injuries. The Company’s segment is made up of various clinics within partnerships. The Company primarily operates through subsidiary clinic partnerships, in which it owns a general partnership interest and a limited partnership interest, and the managing therapists of the clinics owns the remaining limited partnership interest in the clinics. The Company operates approximately 510 clinics in over 40 states. There are approximately 380 clinics operated under Clinic Partnerships and over 100 operated as Company-owned Facilities. In addition to its owned clinics, it also manages physical therapy facilities for third parties, primarily physicians, with over 20 third-party facilities under management. U.S. PHYSICAL THERAPY, INC. (NYSE:USPH) Recent Trading Information
U.S. PHYSICAL THERAPY, INC. (NYSE:USPH) closed its last trading session down -0.50 at 63.50 with 61,006 shares trading hands.
