Welcome to our dedicated page for U S Physical Therapy news (Ticker: USPH), a resource for investors and traders seeking the latest updates and insights on U S Physical Therapy stock.
U.S. Physical Therapy reports recurring developments tied to its national outpatient physical therapy clinic network and industrial injury prevention services business. Company news commonly covers physical therapy revenue, mature-clinic activity, gross profit, reimbursement-sensitive care categories, and services for orthopedic conditions, sports injuries, neurological injuries, post-operative care, preventative care, and injured-worker rehabilitation.
Updates also include acquisitions of clinic practices and industrial injury prevention businesses, hospital and regional care alliances, investor presentations, dividends, share repurchases, and credit facility changes. Its industrial injury prevention services include onsite injury prevention and rehabilitation, performance optimization, post-offer employment testing, functional capacity evaluations, and ergonomic assessments for client workforces.
U.S. Physical Therapy, Inc. (NYSE: USPH) has acquired 75% of a three-clinic physical therapy practice in South Carolina for approximately $3.7 million. This practice generates over $2.7 million in annual revenue and facilitates around 31,000 patient visits each year. CEO Chris Reading expressed satisfaction with the acquisition, highlighting potential revenue growth opportunities. Founded in 1990, USPH operates 591 outpatient clinics nationwide, providing a range of rehabilitation services and injury prevention programs.
U.S. Physical Therapy (USPH) announced its acquisition of a 70% interest in a leading industrial injury prevention services provider for approximately $63.2 million. The acquired company generates around $27 million in annual revenue with a 20% margin and adds $1.7 million in pretax earnings from a joint venture. This acquisition diversifies USPH's revenue and expands its services for Fortune 500 clients, enhancing their workplace injury prevention capabilities. The founders retain a 30% stake and will continue to lead the company, ensuring continuity and expertise.
U.S. Physical Therapy, Inc. (NYSE: USPH) announced that CEO Chris Reading will present at the Stephens Annual Investment Conference on December 2, 2021. This presentation will provide an overview of the company's operations. U.S. Physical Therapy operates 583 outpatient clinics across 39 states, offering services for orthopedic disorders, sports injuries, and industrial injury prevention. The firm also manages facilities for third parties including hospitals and physician groups. For more information, you can visit www.usph.com.
U.S. Physical Therapy, Inc. (NYSE: USPH) will participate in two major investor conferences: the 13th Annual Southwest IDEAS Investor Conference on November 17, 2021, and the Jefferies London Healthcare Virtual Conference on November 18, 2021. Chris Reading (CEO) and Carey Hendrickson (CFO) will present an overview of the Company at these events. Founded in 1990, USPH operates 583 clinics across 39 states, specializing in orthopedic care, sports injuries, and rehabilitation services. For more details, visit www.usph.com.
U.S. Physical Therapy, Inc. (NYSE: USPH) will have its CFO, Carey Hendrickson, speak at the Credit Suisse 30th Annual Virtual Healthcare Conference on November 8, 2021. The presentation aims to provide an overview of the Company, which operates 583 outpatient physical therapy clinics across 39 states. The clinics specialize in preventative and post-operative care related to orthopedic issues, sports injuries, and worker rehabilitation, alongside offering industrial injury prevention services. The investor presentation is available on the Company's website.
U.S. Physical Therapy (USPH) reported robust financial results for the third quarter of 2021, with net income of $10.0 million, down from $10.9 million in Q3 2020, but higher than $9.0 million in Q3 2019. Net revenue rose to $125.9 million, a 15.6% increase from the previous year. Patient visits were up 19.9% year-over-year, contributing to net patient revenue of $112.3 million, a 16.5% increase. This quarter marked the highest industrial injury prevention services revenue at $10.5 million. A quarterly dividend of $0.38 was declared, reflecting strong operational performance.
U.S. Physical Therapy, Inc. (NYSE: USPH) announced it will release its financial results for Q3 and the nine months ending September 30, 2021, on November 4, 2021, before the market opens. A conference call will be held on the same day at 10:30 am Eastern to discuss these results. With 579 outpatient clinics in 39 states, USPH provides essential services including injury prevention and rehabilitation. Interested parties can listen live via their website or join the call using the provided dial-in number and conference ID.
U.S. Physical Therapy, Inc. (USPH) has announced the acquisition of a company enhancing its industrial injury prevention services. The acquired firm specializes in return-to-work and ergonomic services, generating over $2.0 million annually. USPH acquired the company’s assets for approximately $3.3 million. CEO Chris Reading expressed optimism about growth and cross-selling opportunities with the Briotix subsidiary. Founded in 1990, USPH operates 579 outpatient clinics and manages 38 facilities for third parties, focusing on injury prevention and rehabilitation services.
U.S. Physical Therapy, Inc. (NYSE: USPH) announced that Carey Hendrickson, CFO, will present at the Sidoti 2021 Fall Virtual Small Cap Investor Conference on September 22, 2021. The presentation will provide an overview of the Company, which operates 578 outpatient physical therapy clinics across 38 states, offering a wide range of services including rehabilitation for orthopedic and neurological injuries. For more information, the investor presentation is available on the Company's website at www.usph.com.
U.S. Physical Therapy, Inc. (NYSE: USPH) announced that CEO Chris Reading will present at the 14th Annual Barrington Research Virtual Fall Investment Conference on September 9, 2021. The presentation will provide an overview of the company, which operates 577 outpatient physical therapy clinics across 39 states. U.S. Physical Therapy specializes in preventative and post-operative care for orthopedic disorders, sports injuries, and rehabilitation for injured workers. For further information, the investor presentation is accessible on the company’s website.