U.S. PHYSICAL THERAPY, INC. (NYSE:USPH) Files An 8-K Other Events

ME Staff 8-k
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U.S. PHYSICAL THERAPY, INC. (NYSE:USPH) Files An 8-K Other Events
Item 8.01 Other Events.

On November 1, 2017, U.S. Physical Therapy, Inc. (NYSE: USPH), a national operator of outpatient physical therapy clinics, announced that the Company has just completed the acquisition of a nine clinic physical therapy practice that also has two management contracts with third party therapy providers. USPH acquired a 70% interest with the practice’s clinical owners retaining 30%. The purchase price was $4.5 million. The business generates more than $8.7 million in total annual revenue. This year they should see approximately 67,000 patient visits at their owned clinics.

Thus far in 2017 U.S. Physical Therapy has completed five partner-centric acquisitions adding 39 clinics, 10 management locations and a workforce performance solution’s business whose services include onsite injury prevention and rehabilitation, performance optimization and ergonomic assessments.

Item 9.01

FINANCIAL STATEMENTS AND EXHIBITS

** Furnished herewith.


U S PHYSICAL THERAPY INC /NV Exhibit
EX-99.1 2 exhibit99-1.htm EXHIBIT 99.1               CONTACT: U.S. Physical Therapy,…
To view the full exhibit click here

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.