US Physical Therapy Announces Acquisition of a 50% Stake in Nine-Clinic Physical Therapy And Hand Therapy Practice for $16.4M
Portfolio Pulse from Benzinga Newsdesk
U.S. Physical Therapy, Inc. (USPH) has acquired a 50% stake in a physical therapy and hand therapy practice with nine clinics for $16.4 million. The practice generates about $11.4 million in annual revenues and has around 65,000 annual visits.
April 01, 2024 | 11:35 am
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USPH's acquisition of a 50% stake in a nine-clinic therapy practice for $16.4 million is expected to enhance its service offerings and revenue.
The acquisition is significant for USPH as it expands the company's footprint and service offerings in the physical therapy and hand therapy sector. The practice's substantial annual revenue and visitation numbers indicate a positive impact on USPH's financial performance in the short term. The investment aligns with USPH's growth strategy, potentially leading to increased investor confidence and a positive reaction in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100