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, Inc. (USPH) is a national operator of outpatient physical therapy clinics and a provider of industrial injury prevention services. Company news frequently highlights developments in its clinic network, financial performance, and corporate activities, offering context for investors who follow USPH stock.
News releases from U.S. Physical Therapy often cover quarterly and year-to-date financial results, including net revenue, gross profit, patient visit volumes, and segment performance for physical therapy operations and industrial injury prevention services. The company also reports non-GAAP measures such as Adjusted EBITDA and Operating Results, along with commentary from management on clinic volumes, cost structures, and business priorities.
Another recurring theme in USPH news is acquisition activity. The company regularly announces acquisitions of physical therapy practices and management services companies, including multi-clinic practices where U.S. Physical Therapy acquires a majority or partial interest while original owners retain an equity stake. These announcements typically describe the number of clinic locations involved and the approximate annual revenue and visit volumes of the acquired practices.
Investors will also find news about dividend declarations, conference call schedules for earnings releases, and participation in healthcare and investor conferences. The company issues press releases when it schedules earnings calls, when its board declares quarterly dividends, and when executives present at industry and investor events.
This USPH news page on Stock Titan aggregates such updates so readers can review earnings announcements, acquisition news, conference participation, and other corporate disclosures in one place. For those tracking U.S. Physical Therapy’s operational and financial trends, regularly reviewing this news feed provides a view of how clinic additions, industrial injury prevention services, and capital allocation decisions are reflected in the company’s public communications.
U.S. Physical Therapy (NYSE: USPH) announced that CEO Chris Reading will participate in the Stephens Annual Investment Conference on November 20, 2024. On the same day, CFO Carey Hendrickson will present at the 16th Annual Southwest IDEAS Conference. Both presentations will provide an overview of the Company. Founded in 1990, U.S. Physical Therapy operates 754 outpatient physical therapy clinics in 43 states, offering services for orthopedic and sports-related injuries, neurological injuries, and industrial injury prevention. More details are available at www.usph.com.
U.S. Physical Therapy reported record quarterly patient volume for Q3 2024. Key highlights include: Adjusted EBITDA of $21.1 million, up from $18.6 million in Q3 2023; total revenue from physical therapy operations increased 9.3% to $142.7 million; net rate per patient visit increased 3.2% to $105.65. The company closed 32 clinics and added 12 new ones, bringing total clinic count to 700. Industrial injury prevention services revenue grew 29.9% to $25.3 million. Notable acquisitions include a 70% stake in an eight-clinic practice and a 50% interest in a management services organization overseeing 50 clinics.
U.S. Physical Therapy (USPH) has completed the acquisition of a 50% equity interest in a management services organization operating 50 physical therapy clinics, primarily located in New York. The acquired company generates approximately $64.0 million in annual revenue and $12.0 million in annual EBITDA. The clinics provide physical, occupational, and speech therapy services both in outpatient settings and through home visits. USPH plans to expand operations in New York and adjacent states. Following this acquisition, USPH now owns and/or manages 750 outpatient physical therapy clinics across 43 states.
U.S. Physical Therapy (NYSE: USPH), a national operator of outpatient physical therapy clinics and provider of industrial injury prevention services, will release its financial results for Q3 2024 on Tuesday, November 5, 2024, after market close. The company will host a conference call on Wednesday, November 6, 2024, at 10:30 am Eastern/9:30 am Central. Investors can access the call via (800) 245-3047 or (203) 518-9765 using Conference ID: USPHQ324. A playback will be available on the company's website until February 4, 2025.
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.