U.S. Physical Therapy Announces $13.9M Acquisition Of Two Physical Therapy Practices; Acquired 70% Equity In Both Practices
Portfolio Pulse from Benzinga Newsdesk
U.S. Physical Therapy (USPH) has announced the acquisition of two physical therapy practices for $13.9M, acquiring 70% equity in both. This brings the total number of clinics purchased by the company over the last twelve months to 54.
October 02, 2023 | 12:32 pm
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POSITIVE IMPACT
U.S. Physical Therapy's recent acquisitions could potentially increase its market share and revenues, which may positively impact its stock price in the short term.
Acquisitions often lead to an increase in market share and revenues, which can positively impact a company's stock price. Given that USPH has acquired a significant number of clinics over the past year, it's likely that these acquisitions will contribute to its financial growth and potentially boost its stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100