U.S. PHYSICAL THERAPY, INC. (NYSE:USPH) Files An 8-K Other Events
Item 8.01 Other Events.
U.S. PHYSICAL THERAPY, INC. (NYSE:USPH) Files An 8-K Other Events
On October 1, 2019, – U.S. Physical Therapy, Inc. (NYSE: USPH), a national operator of outpatient physical therapy clinics, announced that the Company just completed the acquisition of an eleven-clinic physical therapy practice. USPH acquired a 67% interest with the practice’s clinical owners retaining 33%. The purchase price was approximately $12.3 million. The business generates $6.6 million in annual revenue. The practice has approximately 59,000 annual patient visits.
A copy of the press release is attached as Exhibit 99.1 to this Form 8-K.
** Furnished herewith.
U S PHYSICAL THERAPY INC /NV Exhibit
EX-99.1 2 exhibit99-1.htm EXHIBIT 99.1 CONTACT: U.S. Physical Therapy,…
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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.