U.S. PHYSICAL THERAPY, INC. (NYSE:USPH) Files An 8-K Results of Operations and Financial Condition
ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION.
On June 7, 2016, U.S. Physical Therapy, Inc. (USPH) (NYSE: USPH),
a national operator of outpatient physical therapy clinics, today
reported results for the quarter and year ended December 31, 2016
and provided 2017 earnings guidance.
The press release includes a discussion of operating results and
Adjusted EBITDA, non-GAAP (generally accepted accounting
principles) financial measures. See page 11 of press release for
a definition of operating results and Adjusted EBITDA and a
reconciliation of those measures to the most directly comparable
financial measure calculated and presented in accordance with
GAAP.
In accordance with General Instruction B.2 of Form 8-K, the
information in this Current Report on Form 8-K, including the
exhibits, shall not be deemed to be filed for purposes of Section
18 of the Securities Exchange Act of 1934, as amended (the
Exchange Act), or otherwise subject to the liabilities of that
section, and shall not be incorporated by reference into any
registration statement or other document filed under the
Securities Act of 1933, as amended, or the Exchange Act, except
as shall be expressly set forth by specific reference in such
filing.
A copy of the press release is attached hereto as Exhibit 99.1.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
|
Exhibits |
Description of Exhibits |
| 99.1 |
Registrants press release dated June 7, 2017 announcing 2016 Results and providing 2017 Earnings Guidance.* |
* Filed 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.