US Physical Therapy Acquires 70% Equity Interest in 2 Physical Therapy Practices.
MANews-(C)2009-2023
Texas-based outpatient physical therapy clinics company US Physical Therapy, Inc. (USPH) has acquired a 70% equity interest in two physical therapy practices in separate transactions, expanding the company's presence in Alaska and adding its first clinics in the state of Colorado, the company said.
The company purchased the two practices for a combined USD 13.9m. The businesses currently generate approximately USD 7.2m in combined annual revenues and approximately 48,000 visits on an annualised basis across five total clinics.
In the last twelve months, USPH has acquired eight physical therapy practices with 44 total clinics and more than USD 39m in revenue for a combined outlay of USD 72.5m.
In addition, the...
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