U.S. Physical Therapy Announces Acquisition Of A Five-Clinic Physical Therapy Practice; Acquired A 70% Equity Interest For Purchase Price Of $2.1M; Current Owners Retain 30%; Business Generates ~$2.4M Annual Revenues
Portfolio Pulse from Benzinga Newsdesk
U.S. Physical Therapy (USPH) has acquired a 70% equity interest in a five-clinic physical therapy practice for $2.1 million. The current owners will retain a 30% equity interest. The business generates around $2.4 million in annual revenues.
August 01, 2023 | 3:19 pm
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USPH's acquisition of a 70% stake in a five-clinic physical therapy practice could potentially boost its revenue stream, given the acquired business's annual revenue of approximately $2.4 million.
USPH's acquisition of a 70% stake in a five-clinic physical therapy practice for $2.1 million could potentially boost its revenue stream, given the acquired business's annual revenue of approximately $2.4 million. This acquisition could be seen as a positive move by investors, potentially leading to a short-term increase in USPH's stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100