U.S. Physical Therapy Announces the Acquisition of an Eight-Clinic Hand and Physical Therapy Practice
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U.S. Physical Therapy, Inc. (NYSE: USPH) has acquired a 75% interest in an eight-clinic hand and physical therapy practice in Wyoming, which generates $6.5 million in annual revenues.
December 02, 2024 | 12:45 pm
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POSITIVE IMPACT
U.S. Physical Therapy has expanded its operations by acquiring a majority stake in a Wyoming-based hand and physical therapy practice, potentially increasing its revenue stream by $6.5 million annually.
The acquisition of a majority stake in a profitable practice is likely to positively impact USPH's revenue and market presence. The $6.5 million in additional annual revenue and the strategic expansion into Wyoming are significant for the company's growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100