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) announced its participation in the Jefferies Virtual London Healthcare Conference on November 17, 2020. CEO Chris Reading and CFO Carey Hendrickson will present an overview of the Company. U.S. Physical Therapy operates 548 outpatient physical therapy clinics across 39 states, offering services for orthopedic and neurological injuries, rehabilitation, and workplace injury prevention. Additional details can be found on their website at www.usph.com.
U.S. Physical Therapy (NYSE: USPH) announced that CEO Chris Reading and CFO Carey Hendrickson will present at the 29th Annual Credit Suisse Virtual Healthcare Conference on November 10, 2020. This presentation will provide an overview of the company, which operates 548 outpatient physical therapy clinics across 39 states, offering services for orthopedic-related disorders and sports injuries. The company also manages 38 facilities for third parties and has an industrial injury prevention business.
U.S. Physical Therapy (USPH) reported record third-quarter results for 2020, with operating income of $11.1 million, or $0.86 per diluted share, compared to $9.0 million, or $0.71 per share in Q3 2019. The company’s net revenues were $108.9 million, down from $117.3 million in the previous year, largely impacted by COVID-19. Adjusted EBITDA for the quarter was $19.9 million. The average patient visits per clinic daily showed improvement, reaching 26.2. USPH also recognized $8.3 million in Relief Funds under the CARES Act, aiding in its recovery efforts.
U.S. Physical Therapy (NYSE: USPH) will release its third quarter and nine months financial results on November 5, 2020, before market opening. A conference call is scheduled for the same day at 10:30 AM Eastern. The company operates 549 outpatient clinics across 39 states, providing orthopedic and neurological care, injury rehabilitation, and industrial injury prevention services. Founded in 1990, USPH also manages 38 facilities for third parties. For more details, visit www.usph.com.
U.S. Physical Therapy, Inc. (USPH) has acquired a 70% interest in a business that manages six hospital-owned outpatient clinics for approximately $4 million. The acquisition includes management and service contracts that extend for an additional five years. CEO Chris Reading expressed enthusiasm for the partnership, highlighting its potential to drive growth following the company's recovery from the Covid-19 pandemic. This move is part of USPH's strategy to enhance its portfolio and operational reach in the competitive outpatient therapy market.