U.S. Physical Therapy acquires mid-Atlantic six clinic physical therapy group

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U.S. Physical Therapy, Inc. (NASDAQ: USPH), a leading national operator of outpatient physical therapy clinics, has acquired a majority interest in a six clinic physical therapy group located in the mid-Atlantic region. The practice presently sees approximately 55,000 patient visits per year and produces approximately $4.8 million in annual revenue. The purchase price for U.S. Physical Therapy's 70% acquired interest was $3,990,000, which was financed with available cash, borrowings under the Company's credit line and a seller note.

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