U.S. Physical Therapy Announces Acquisition
10/01/2021 - 07:30 AM
HOUSTON --(BUSINESS WIRE)--
U.S. Physical Therapy, Inc. ("USPH" or the “Company”) (NYSE: USPH), a national operator of outpatient physical therapy clinics and provider of industrial injury prevention services, today announced the acquisition of a company that will add to its industrial injury prevention services business.
The acquired company specializes in return-to-work and ergonomic services, among other offerings. The business generates more than $2.0 million $3.3 million
Chris Reading , Chief Executive Officer, stated “We are pleased to be able to continue to grow our industrial injury prevention services business. We believe there are good cross-selling opportunities that will come from this acquisition with Briotix’s support.”
About U.S. Physical Therapy, Inc.
Founded in 1990, U.S. Physical Therapy, Inc. operates 579 outpatient physical therapy clinics in 39 states. The Company's clinics provide preventative and post-operative care for a variety of orthopedic-related disorders and sports-related injuries, treatment for neurologically-related injuries and rehabilitation of injured workers. In addition to owning and operating clinics, the Company manages 38 physical therapy facilities for unaffiliated third parties, including hospitals and physician groups. The Company also has an industrial injury prevention business which provides onsite services for clients’ employees including injury prevention and rehabilitation, performance optimization, post-offer employment testing, functional capacity evaluations, and ergonomic assessments.
More information about U.S. Physical Therapy, Inc. is available at www.usph.com
View source version on businesswire.com : https://www.businesswire.com/news/home/20211001005069/en/
U.S. Physical Therapy, Inc.
Carey Hendrickson , Chief Financial Officer
chendrickson@usph.com
Chris Reading , Chief Executive Officer
Three Part Advisors
Joe Noyons
Source: U.S. Physical Therapy, Inc.
U.S. Physical Therapy, Inc.
USPH Rankings
#2298 Ranked by Stock Gains
USPH Stock Data
Industry
All Other Outpatient Care Centers
Sector
Health Care and Social Assistance
Tags
Health Services, Medical/Nursing Services, Health Care and Social Assistance, All Other Outpatient Care Centers
Country
US
City
Houston
About USPH
u.s. physical therapy is a publicly held company that operates hundreds of outpatient physical and occupational therapy clinics in over 40 states. the company's clinics provide acute, post-operative, and preventative care for a variety of orthopedic and neurologic disorders including sports and work related injuries. the unique nature of the company is its operating structure - the company's clinics are developed and operated through partnerships with therapists who share in the clinic's profits. in addition to the therapist partnership model, u.s. physical therapy also buys into existing physical therapy practices.
