U.S. Physical Therapy Announces That It Has Signed An Agreement To Purchase A 50% Equity Interest In A Management Services Organization That Provides Management And Administrative Services To 50 Physical Therapy Clinics; No Financial Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
U.S. Physical Therapy, Inc. (NYSE:USPH) has signed an agreement to acquire a 50% equity interest in a management services organization that manages 50 physical therapy clinics, primarily in New York. The transaction is expected to close on October 31, 2024.
October 07, 2024 | 8:07 pm
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U.S. Physical Therapy, Inc. is set to acquire a 50% stake in a management services organization managing 50 clinics, enhancing its market presence and revenue potential.
The acquisition of a 50% stake in a management services organization managing 50 clinics is likely to enhance USPH's market presence and revenue potential. The transaction is expected to close by October 31, 2024, indicating a strategic expansion in New York and adjacent states.
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