US Physical Therapy Announces Acquisition Of An Industrial Injury Prevention Services And Ergonomics Software Business; Briotix Purchased All Of The IIP Services Business And A 55% Equity Interest In The Software Business For A Total Purchase Price Of $4M
Portfolio Pulse from Benzinga Newsdesk
U.S. Physical Therapy, Inc. (USPH) has announced the acquisition of an industrial injury prevention services and ergonomics software business by its subsidiary, Briotix Health Limited Partnership. The total purchase price was approximately $4.0 million. The combined businesses currently generate about $2.6 million in annual revenues. The acquisition is expected to increase USPH's IIP services business and add a new solution to Briotix's offerings.
November 01, 2023 | 12:37 pm
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The acquisition by USPH is expected to increase its IIP services business and add a new solution to Briotix's offerings. This could potentially increase the company's revenues and market reach.
The acquisition is directly related to USPH's core business and is expected to enhance its offerings and potentially increase its revenues. The company's management has expressed excitement about the growth potential of the software business, indicating a positive outlook.
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