U S Physical Therapy Stock Price, News & Analysis

U.S. Physical Therapy, Inc. (USPH) has announced an agreement to acquire a 50% equity interest in a management services organization that oversees 50 physical therapy clinics. The transaction is expected to close on October 31, 2024. The company being acquired manages clinics primarily in New York, with plans for expansion in neighboring states. It generates approximately $64.0 million in annual revenue and $12.0 million in annual EBITDA.

The current owners will retain a 50% ownership stake, and the CEO will continue to lead the company. USPH's CEO, Chris Reading, expressed excitement about the partnership and praised the leadership team's growth from 5 to 50 clinics since 2016. BofA Securities, Inc. advised USPH on the transaction, while Livingstone Partners advised the acquired company.

U.S. Physical Therapy (NYSE: USPH) has announced the acquisition of a physical therapy and hand therapy practice with eight clinic locations in Pennsylvania. The practice generates approximately $5.5 million in annual revenues. USPH acquired a 70% interest in the company, with current owners retaining a 30% ownership stake.

USPH, founded in 1990, operates 687 outpatient physical therapy clinics across 42 states. The company provides preventative and post-operative care for orthopedic-related disorders, sports injuries, neurological injuries, and worker rehabilitation. Additionally, USPH manages 40 physical therapy facilities for third parties and offers industrial injury prevention services.

U.S. Physical Therapy, Inc. (NYSE: USPH), a national operator of outpatient physical therapy clinics and industrial injury prevention services provider, has announced its participation in the 15th Annual Midwest IDEAS Investor Conference. The company's Chairman and CEO, Chris Reading, will present on August 28, 2024, offering an overview of the company.

Founded in 1990, USPH operates 680 outpatient physical therapy clinics across 42 states, providing preventative and post-operative care for various orthopedic-related disorders, sports injuries, and neurological injuries. The company also manages 41 physical therapy facilities for third parties and offers industrial injury prevention services, including onsite injury prevention, rehabilitation, and ergonomic assessments.

U.S. Physical Therapy (NYSE: USPH) reported strong Q2 2024 results with all-time high quarterly patient volume. Key highlights include:

- Adjusted EBITDA increased to $22.1 million from $21.7 million in Q2 2023

- Operating Results rose to $11.0 million ($0.73 per share) from $10.4 million ($0.76 per share) in Q2 2023

- Total revenue from physical therapy operations grew 8.5% to $143.5 million

- Net rate per patient visit increased 3.0% to $105.05

- Total patient visits increased 5.4% to 1,335,335

- Industrial injury prevention services revenue grew 23.2% to $23.7 million

The company updated its 2024 Adjusted EBITDA guidance to $80.0-$85.0 million, citing increased costs due to a challenging employment environment.

U.S. Physical Therapy, Inc. (NYSE: USPH), a national operator of outpatient physical therapy clinics and provider of industrial injury prevention services, has announced its schedule for the second quarter 2024 earnings release and conference call. The company will report its financial results for the three and six months ended June 30, 2024, on Tuesday, August 13, 2024, after the stock market closes. The conference call will follow on Wednesday, August 14, 2024, at 10:30 am Eastern/9:30 am Central.

Investors can participate in the call by dialing (800) 245-3047 (primary) or (203) 518-9765 (alternate) and using the Conference ID: USPHQ224. A live webcast will be available on the company's website, and a playback of the call can be accessed until November 12, 2024.

U.S. Physical Therapy (NYSE: USPH), a leading national operator of outpatient physical therapy clinics and provider of industrial injury prevention services, announced its participation in the CJS Securities 24th Annual New Ideas Summer Conference. Chris Reading, the company's CEO, will deliver a presentation on Wednesday, July 10, 2024. The presentation will provide an overview of U.S. Physical Therapy's operations and strategies.

U.S. Physical Therapy (NYSE: USPH), a leading operator of outpatient physical therapy clinics, will be presenting at the 14th Annual East Coast IDEAS Conference on June 12, 2024. CEO Chris Reading will provide an overview of the company's operations. Founded in 1990, U.S. Physical Therapy runs 683 clinics across 42 states, offering services such as injury prevention, rehabilitation, and performance optimization. They also manage 41 clinics for third parties and provide industrial injury prevention services to various clients.

U.S. Physical Therapy (NYSE: USPH), a leading national operator of outpatient physical therapy clinics, announced that its CFO, Carey Hendrickson, will present at the Jefferies Global Healthcare Conference on June 5, 2024. Founded in 1990, U.S. Physical Therapy operates 683 clinics across 42 states, providing a range of services including orthopedic, sports, and neurological rehabilitation. The company also manages 41 third-party facilities and offers industrial injury prevention services. The presentation will provide an overview of the company's operations and strategic initiatives.

U.S. Physical Therapy, Inc. (USPH) will be presenting at the Bank of America Securities Healthcare Conference 2024. The company, operating since 1990, runs 684 outpatient physical therapy clinics in 42 states, focusing on orthopedic, sports, neurological injuries, and industrial injury prevention services. The presentation by CEO Chris Reading and CFO Carey Hendrickson will provide an overview of the company's operations. USPH also manages physical therapy facilities for third parties and offers industrial injury prevention services. For more information, visit www.usph.com.