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.
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U.S. Physical Therapy, Inc. (NYSE: USPH) will report its financial results for the first quarter ended March 31, 2023 on May 3, 2023, after market close. A conference call to discuss the results is scheduled for May 4, 2023, at 10:30 am Eastern / 9:30 am Central. Investors can join via phone at (800) 895-3361 or (785) 424-1062, using the conference ID USPHQ123. U.S. Physical Therapy operates 647 outpatient clinics across 40 states, offering a range of services including injury prevention and rehabilitation. Details for accessing the live call and subsequent playback are available on their official website.
U.S. Physical Therapy, Inc. (NYSE: USPH) has announced that Chief Financial Officer Carey Hendrickson and Chief Operating Officer Eric Williams will present at the Oppenheimer 33rd Annual Healthcare Virtual Conference on March 13, 2023. The presentation will provide an overview of the Company's operations, which include 645 outpatient physical therapy clinics across 40 states, specializing in orthopedic and neurological care. The company also manages 36 facilities for third parties and offers industrial injury prevention services.
For more details, the investor presentation is available on U.S. Physical Therapy's website: www.usph.com.
U.S. Physical Therapy, Inc. (USPH) has acquired 80% of a physical therapy practice for approximately $6.2 million. The acquired practice generates around $3.2 million in annual revenue and handles about 27,000 patient visits annually. The founders will retain a 20% stake, ensuring a collaborative approach to growth. CEO Chris Reading emphasized their plans to expand the clinic's services to new locations, leveraging the existing strong community presence.
This acquisition aligns with USPH's strategic expansion goals in the outpatient physical therapy sector.
U.S. Physical Therapy (USPH) reported its 2022 financial results with a 2.8% increase in Adjusted EBITDA to $17.9 million in Q4 and a slight decline of 0.2% year-over-year to $73.7 million. Net income for Q4 dropped to $2.6 million from $10.2 million, impacted by a $4.8 million goodwill impairment charge. Full-year revenue rose 11.7% to $553.1 million, driven by a 6.0% increase in net patient revenue, totaling $464.6 million. Despite challenges, patient volumes remained strong, with a 6.2% rise in total visits. The board increased the quarterly dividend by 4.9%, reflecting confidence in future performance, with 2023 Adjusted EBITDA guidance set between $75 million and $80 million.