U.S. PHYSICAL THERAPY, INC. (NYSE:USPH) Files An 8-K Other EventsITEM 8.01 OTHER EVENTS
U.S. Physical Therapy, Inc. announced today that it has completed the acquisition of a four clinic physical therapy practice. USPH acquired a 70% interest with the practice’s clinical owners retaining 30%. The purchase price was $2.5 million. The business generates $3.0 million in annual revenue. There are approximately 32,000 annual patient visits.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
Exhibits Description of Exhibits 99.1 Registrant’s press release dated June 1, 2017. *
*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 up +0.05 at 63.25 with 58,033 shares trading hands.