U.S. PHYSICAL THERAPY, INC. (NYSE:USPH) Files An 8-K Other Events
ME Staff 8-k
U.S. PHYSICAL THERAPY, INC. (NYSE:USPH) Files An 8-K Other EventsItem 8.01 Other Events.
On September 4, 2018,U.S. Physical Therapy, Inc. (NYSE: USPH), announced today that it has acquired a majority interest in a four clinic physical therapy practice.
The practice produced $4.3 million in revenue in 2017. U.S. Physical Therapy acquired a 70% interest for $7.7 million. The remaining 30% partnership stake is being retained by existing management.
A copy of the press release is attached as Exhibit 99.1 to this Form 8-K.
Item 9.01
FINANCIAL STATEMENTS AND EXHIBITS
** Furnished herewith.
U S PHYSICAL THERAPY INC /NV ExhibitEX-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.
