Jan 3 2011
U.S. Physical Therapy, Inc. (NASDAQ: USPH), a leading national operator of outpatient physical therapy clinics, has acquired a majority interest in a 14 clinic physical therapy group located in the Southeast.
The practice presently sees approximately 100,000 patient visits per year and produces approximately $9.0 million in annual revenue. The purchase price for U.S. Physical Therapy's 65% acquired interest was $4,770,000 which was financed with available cash, borrowings under the Company's credit line and a seller note.
Source U.S. Physical Therapy, Inc.