USPH acquires 80% of equity interests of physical therapy practice for $6.2M

U.S. Physical Therapy announced an acquisition of a physical therapy practice with one large clinic. USPH acquired 80% of the equity interests of the physical therapy practice with the practice’s founder and owners retaining 20%. The purchase price for the 80% equity interest was approximately $6.2M. The business generates approximately $3.2M in annual revenue and has approximately 27,000 patient visits per year. Chris Reading, Chief Executive Officer, stated, "This young and very capable husband and wife team has built an amazingly successful single-site facility that has a very strong presence in their community. We look forward to assisting them in expanding their well-regarded services to additional locations in the surrounding areas."