U.S. Physical Therapy Announces Acquisition Of A Physical Therapy Practice With Four Clinics
Portfolio Pulse from Benzinga Newsdesk
U.S. Physical Therapy (USPH) has acquired a 75% equity interest in a physical therapy practice with four clinics for $3.1 million. The current practice owners will retain a 25% equity interest. The business generates approximately $2.6 million in annual revenues and 27,000 annual visits.
May 31, 2023 | 8:06 pm
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USPH acquires 75% equity interest in a physical therapy practice with four clinics for $3.1 million, expanding its business and increasing annual revenues.
The acquisition of a 75% equity interest in the physical therapy practice with four clinics will expand USPH's business and increase its annual revenues. The purchase price of $3.1 million is relatively small compared to the annual revenues generated by the business ($2.6 million), which indicates a potential positive impact on USPH's financial performance in the short term.
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