U.S. Physical Therapy, Inc. acquired 65% equity interests in Eight clinic physical therapy practice for $10.3 million.
July 30, 2021
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U.S. Physical Therapy, Inc. (NYSE:USPH) acquired 65% equity interests in Eight clinic physical therapy practice for $10.3 million on June 30, 2021. USPH acquired 65% of the equity interests of the physical therapy practice with the practice’s founder and owners retaining 35%. The business generates more than $7.3 million in annual revenue.
U.S. Physical Therapy, Inc. (NYSE:USPH) completed the acquisition of 65% equity interests in Eight clinic physical therapy practice on June 30, 2021. The total consideration of $10.3 million consist of $9.0 million paid in cash, $1.0 million is payable based on certain criteria and $0.3 million is in a note payable.
U.S. Physical Therapy, Inc. is engaged in physical therapy operations and provides industrial injury prevention services. The Company is engaged in physical therapy operations primarily through its subsidiary, clinic partnerships. The Company's physical therapy operations consist of physical therapy and occupational therapy clinics that provide pre-and post-operative care and treatment for orthopedic-related disorders, sports-related injuries, preventive care, rehabilitation of injured workers and neurological injuries. It operates approximately 678 outpatient physical therapy clinics in 42 states. The Company's industrial injury prevention services include onsite injury prevention and rehabilitation, performance optimization, post offer employment testing, functional capacity evaluations, and ergonomic assessments. It performs these services through Industrial Sports Medicine Professionals, consisting primarily of specialized certified athletic trainers (ATCs).
U.S. PHYSICAL THERAPY, INC. 
