U.S. PHYSICAL THERAPY, INC. (NYSE:USPH) Files An 8-K Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure.
national operator of outpatient physical therapy clinics (the
Company), today announced that its Chief Financial Officer, Larry
McAfee, will present at the Citis 2017 Small Mid Cap Conference
on Thursday, June 8, 2017. The presentation will cover an
overview of the Company. The conference is being held at The
Plaza Hotel, New York.
website, www.usph.com.
defined under Regulation G of the rules and regulations of the
SEC. These non-GAAP financial measures contained in the
presentation include a presentation of operating results and
Adjusted EBITDA. Operating results is defined as USPHs net income
attributable to common shareholders prior to interest expense
mandatorily redeemable non-controlling interest change in
redemption value, net of tax. Adjusted EBITDA is defined as
earnings before interest income, interest expense mandatorily
redeemable non-controlling interest change in redemption value,
interest expense – debt and other, taxes, depreciation and
amortization and equity-based awards compensation expense. See
the last pages of the investor presentation which includes a
reconciliation of USPHs net income attributable to common
shareholders to operating results and Adjusted EBITDA. Management
believes providing these non-GAAP financial measurements to
investors is useful information for comparing the Company’s
period-to-period results.
information contained in this report shall not be deemed to be
“filed” for the purposes of Section 18 of the Securities
Exchange Act of 1934, as amended, and will not be incorporated by
reference into any filings by the Company under such Act or the
Securities Act of 1933, as amended.
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Item 9.01
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FINANCIAL STATEMENTS AND EXHIBITS
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Exhibits
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Description of Exhibits
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99.1
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Registrant’s press release dated June 7, 2017 U.S.
Physical Therapy to Present at the Citis 2017 Small Mid Cap Conference. ** |
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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.
