U.S. PHYSICAL THERAPY, INC. CONTACT:
U.S. Physical Therapy, Inc.
Larry McAfee, Chief Financial Officer Chris Reading, Chief Executive Officer (713) 297-7000
Houston, TX, January 4, 2016 - U.S. Physical Therapy, Inc. (NYSE: USPH), a national operator of outpatient physical therapy clinics, announced today that the Company recently completed an acquisition. In the most recent transaction, the Company acquired a 59% interest in a four location physical therapy practice. The business has approximately 34,000 patient visits per year and generates $4.0 million in annual revenue. The purchase price was $4.97 million.
Founded in 1990, U.S. Physical Therapy, Inc. operates 508 outpatient physical and occupational therapy clinics in 42 states. The Company's clinics provide preventative and post-operative care for a variety of orthopedic-related disorders and sports-related injuries, treatment for neurologically-related injuries and rehabilitation of injured workers. In addition to owning and operating clinics, the Company manages 21 physical therapy facilities for third parties, including hospitals and physician groups.
More information about U.S. Physical Therapy, Inc. is available at www.usph.com. The information included on that website is not incorporated into this press release.
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USPh - U.S. Physical Therapy Inc. issued this content on 2016-01-04 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-04 21:35:03 UTC
Original Document: http://corporate.usph.com/press/pdf/January 4 Acquisition Press Release - Final.pdf
