U.S. Physical Therapy Announces Acquisition Of An IIP Services Business By Briotix Health Limited Partnership For Purchase Price Of ~$24M
Portfolio Pulse from Benzinga Newsdesk
U.S. Physical Therapy, Inc. (USPH) has expanded its portfolio through the acquisition of an IIP services business by its subsidiary, Briotix Health Limited Partnership, for approximately $24 million.
May 01, 2024 | 12:44 pm
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U.S. Physical Therapy, Inc. acquires an IIP services business via Briotix Health for about $24M, aiming to broaden its service spectrum.
The acquisition of an IIP services business by USPH's subsidiary, Briotix Health, for approximately $24 million, is likely to have a positive short-term impact on USPH's stock price. This move indicates an expansion and diversification of USPH's service offerings, which could be viewed positively by investors as a growth strategy. The significant investment suggests confidence in the acquired business's potential to contribute to USPH's overall performance.
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