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

U.S. Physical Therapy, Inc. (NYSE: USPH), announced today that it
has acquired a majority interest in a company which is a leading
provider of workforce performance solutions.
Services provided include onsite injury prevention and
rehabilitation, performance optimization and ergonomic
assessments. The majority of these services are contracted with
and paid for directly by employers including a number of Fortune
500 companies. Other clients include large insurers and their
contractors.
Benefits of services provided include the reduction of on-the-job
injuries, reduced work related injury claims, reduced
absenteeism, reduced employee healthcare costs, lower employee
turnover and improved workforce productivity.
The business produced $15.9 million in revenue in 2016. U.S.
Physical Therapy acquired a 55% interest in the business for $6.6
million. The remaining 45% stake is being retained by existing
management.
Item 9.01
FINANCIAL STATEMENTS AND EXHIBITS
Exhibits
Description of Exhibits
99.1
Registrant’s press release dated March 23, 2017 U.S.
Physical Therapy Acquires Industrial Services Provider. **
** Furnished herewith.


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 00.00 at 64.15 with 63,524 shares trading hands.