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) will release its financial results for Q3 and the nine months ending September 30, 2022, on November 3, 2022. The results will be disclosed before market opening. A conference call is scheduled for the same day at 10:30 am Eastern to discuss the results, with dialing options provided. U.S. Physical Therapy operates 614 outpatient clinics in 40 states, offering various treatments for orthopedic and neurological disorders along with industrial injury prevention services.
U.S. Physical Therapy, Inc. (NYSE: USPH) has acquired 80% of a two-clinic physical therapy practice for approximately $4.2 million. This acquisition, which retains the previous owners for the remaining 20%, is expected to enhance USPH's service offerings. The acquired practice generates over $2.5 million in annual revenue with about 17,000 patient visits annually. CEO Chris Reading expressed enthusiasm for the partnership and outlined plans for business growth and expansion.
U.S. Physical Therapy, Inc. (NYSE: USPH) announced that CEO Chris Reading will present at the Jefferies Virtual Fitness & Wellness Summit on September 12, 2022. The presentation will provide an overview of the Company, which operates 613 outpatient physical therapy clinics across 39 states, offering preventative and rehabilitation services for various injuries. Additionally, USPH manages 33 facilities for third parties and provides industrial injury prevention services. Interested parties can view the investor presentation on the Company's website.
U.S. Physical Therapy, Inc. (NYSE: USPH) announced that CEO Chris Reading will present at the 15th Annual Barrington Research Virtual Fall Investment Conference on September 8, 2022. The presentation will provide an overview of the Company, which operates 613 outpatient physical therapy clinics across 39 states, offering care for orthopedic and sports-related injuries, as well as industrial injury prevention services. For more details, USPH's investor presentation is available on their website at www.usph.com.
U.S. Physical Therapy (USPH) announced the acquisition of a six-clinic physical therapy practice in West Virginia and Pennsylvania, acquiring 70% equity for approximately $3.5 million. The practice generates over $2.5 million in annual revenue and handles around 26,000 patient visits yearly.
CEO Chris Reading expressed enthusiasm about integrating new partners into USPH and expanding its geographical reach. This acquisition is part of USPH's growth strategy, aligning with its focus on delivering quality outpatient physical therapy services.
U.S. Physical Therapy, Inc. (NYSE: USPH) will have its CEO, Chris Reading, present at the 2022 Midwest Ideas Conference on August 24, 2022. The presentation aims to provide an overview of the company, which operates 607 outpatient physical therapy clinics across 38 states. U.S. Physical Therapy also manages 33 facilities for third parties and offers industrial injury prevention services. For further details, the investor presentation is available on their website.
U.S. Physical Therapy, Inc. (USPH) reported Q2 2022 results, showing Operating Results per diluted share at $0.90, slightly down from $0.96 in 2021. Net income fell to $11.2 million from $12.4 million. Total revenue reached $140.7 million, up 10.8% year-over-year, driven by a 5.7% rise in total patient visits. However, total operating costs rose to 78.1% of revenue, impacting gross profit, which decreased by 10.2% to $30.8 million. The company announced a $325 million credit facility to support growth and a quarterly dividend of $0.41 per share. Adjusted EBITDA for 2022 is projected at $73.5 to $75.4 million.
U.S. Physical Therapy, Inc. (NYSE: USPH) will release its financial results for the second quarter and six months ended June 30, 2022, on Thursday, August 4, 2022, before market opening. Management will host a conference call on the same day at 10:30 am Eastern to discuss the results. The conference call can be accessed by dialing (800) 459-5346 or (203) 518-9544, using Conference ID: USPHQ22022. U.S. Physical Therapy operates 607 outpatient clinics across 38 states, providing orthopedic care, rehabilitation, and industrial injury prevention services.
U.S. Physical Therapy, Inc. (NYSE: USPH) announced the closing of a $325 million credit facility, which includes a $150 million term loan and a $175 million revolver, up from the initial $300 million. The facility aims to enhance liquidity and support growth. An interest rate swap was also executed to manage interest rate risk, locking in a rate of 2.815% on $150 million of debt. This strategic move reflects the company's commitment to maintaining a robust balance sheet amid rising interest rates.
U.S. Physical Therapy, Inc. (NYSE: USPH) announced that CFO Carey Hendrickson will participate in the East Coast IDEAS Virtual Conference on June 22, 2022. The presentation will provide an overview of the Company, which operates 608 outpatient physical therapy clinics across 38 states. U.S. Physical Therapy specializes in preventative and post-operative care for orthopedic and sports-related injuries, as well as rehabilitation for injured workers. More information can be found at www.usph.com.