U.S. Physical Therapy Acquires A Physical Therapy And Hand Therapy Practice With Eight Clinic Locations In Pennsylvania Which Currently Generates ~$5.5M In Annual Revenues
Portfolio Pulse from Benzinga Newsdesk
U.S. Physical Therapy has acquired a 70% interest in a physical and hand therapy practice with eight clinics in Pennsylvania, generating approximately $5.5 million in annual revenues. The current owners retain a 30% stake.
September 03, 2024 | 11:34 am
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U.S. Physical Therapy has expanded its operations by acquiring a 70% stake in a Pennsylvania-based therapy practice, which adds approximately $5.5 million in annual revenues. This acquisition could enhance USPH's market presence and revenue stream.
The acquisition of a majority stake in a practice with significant annual revenues is likely to positively impact USPH's financials and market position. The addition of eight clinic locations in Pennsylvania enhances their operational footprint.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100