Welcome to our dedicated page for US Physical Therapy news (Ticker: USPH), a resource for investors and traders seeking the latest updates and insights on US Physical Therapy stock.
US Physical Therapy Inc (symbol: USPH) is a publicly traded company specializing in outpatient physical and occupational therapy services. With a footprint in over 40 states, the company operates hundreds of clinics offering acute, post-operative, and preventative care for a variety of orthopedic and neurologic disorders, including sports and work-related injuries.
US Physical Therapy's unique business model features partnerships with therapists who participate in the clinic's profits, promoting high standards of care and operational efficiency. The company also expands its reach by acquiring existing physical therapy practices, integrating them into its expansive network.
The primary services offered by US Physical Therapy include pre-and post-operative care, rehabilitation for injured workers, sports injury treatment, and neurological disorder therapy. The clinics serve a wide array of patients and are primarily reimbursed through managed care programs, commercial health insurance, Medicare/Medicaid, workers' compensation insurance, and personal injury settlements.
The firm operates in two main segments: Physical Therapy Operations and Industrial Injury Prevention Services, with the majority of its revenue generated from the Physical Therapy Operations segment. The company prides itself on delivering high-quality care that helps patients achieve better outcomes and improved quality of life.
Recent achievements include the expansion into new states and continuous improvements in patient care protocols. The company maintains a solid financial condition and has established numerous partnerships to enhance its service offerings and market reach.
For those looking to stay updated on US Physical Therapy Inc's performance, recent developments, and company news, StockTitan provides comprehensive coverage and insights.
U.S. Physical Therapy reported record quarterly patient volume for Q3 2024. Key highlights include: Adjusted EBITDA of $21.1 million, up from $18.6 million in Q3 2023; total revenue from physical therapy operations increased 9.3% to $142.7 million; net rate per patient visit increased 3.2% to $105.65. The company closed 32 clinics and added 12 new ones, bringing total clinic count to 700. Industrial injury prevention services revenue grew 29.9% to $25.3 million. Notable acquisitions include a 70% stake in an eight-clinic practice and a 50% interest in a management services organization overseeing 50 clinics.
U.S. Physical Therapy (USPH) has completed the acquisition of a 50% equity interest in a management services organization operating 50 physical therapy clinics, primarily located in New York. The acquired company generates approximately $64.0 million in annual revenue and $12.0 million in annual EBITDA. The clinics provide physical, occupational, and speech therapy services both in outpatient settings and through home visits. USPH plans to expand operations in New York and adjacent states. Following this acquisition, USPH now owns and/or manages 750 outpatient physical therapy clinics across 43 states.
U.S. Physical Therapy (NYSE: USPH), a national operator of outpatient physical therapy clinics and provider of industrial injury prevention services, will release its financial results for Q3 2024 on Tuesday, November 5, 2024, after market close. The company will host a conference call on Wednesday, November 6, 2024, at 10:30 am Eastern/9:30 am Central. Investors can access the call via (800) 245-3047 or (203) 518-9765 using Conference ID: USPHQ324. A playback will be available on the company's website until February 4, 2025.
U.S. Physical Therapy, Inc. (USPH) has announced an agreement to acquire a 50% equity interest in a management services organization that oversees 50 physical therapy clinics. The transaction is expected to close on October 31, 2024. The company being acquired manages clinics primarily in New York, with plans for expansion in neighboring states. It generates approximately $64.0 million in annual revenue and $12.0 million in annual EBITDA.
The current owners will retain a 50% ownership stake, and the CEO will continue to lead the company. USPH's CEO, Chris Reading, expressed excitement about the partnership and praised the leadership team's growth from 5 to 50 clinics since 2016. BofA Securities, Inc. advised USPH on the transaction, while Livingstone Partners advised the acquired company.
U.S. Physical Therapy (NYSE: USPH) has announced the acquisition of a physical therapy and hand therapy practice with eight clinic locations in Pennsylvania. The practice generates approximately $5.5 million in annual revenues. USPH acquired a 70% interest in the company, with current owners retaining a 30% ownership stake.
USPH, founded in 1990, operates 687 outpatient physical therapy clinics across 42 states. The company provides preventative and post-operative care for orthopedic-related disorders, sports injuries, neurological injuries, and worker rehabilitation. Additionally, USPH manages 40 physical therapy facilities for third parties and offers industrial injury prevention services.
U.S. Physical Therapy, Inc. (NYSE: USPH), a national operator of outpatient physical therapy clinics and industrial injury prevention services provider, has announced its participation in the 15th Annual Midwest IDEAS Investor Conference. The company's Chairman and CEO, Chris Reading, will present on August 28, 2024, offering an overview of the company.
Founded in 1990, USPH operates 680 outpatient physical therapy clinics across 42 states, providing preventative and post-operative care for various orthopedic-related disorders, sports injuries, and neurological injuries. The company also manages 41 physical therapy facilities for third parties and offers industrial injury prevention services, including onsite injury prevention, rehabilitation, and ergonomic assessments.
U.S. Physical Therapy (NYSE: USPH) reported strong Q2 2024 results with all-time high quarterly patient volume. Key highlights include:
- Adjusted EBITDA increased to $22.1 million from $21.7 million in Q2 2023
- Operating Results rose to $11.0 million ($0.73 per share) from $10.4 million ($0.76 per share) in Q2 2023
- Total revenue from physical therapy operations grew 8.5% to $143.5 million
- Net rate per patient visit increased 3.0% to $105.05
- Total patient visits increased 5.4% to 1,335,335
- Industrial injury prevention services revenue grew 23.2% to $23.7 million
The company updated its 2024 Adjusted EBITDA guidance to $80.0-$85.0 million, citing increased costs due to a challenging employment environment.
U.S. Physical Therapy, Inc. (NYSE: USPH), a national operator of outpatient physical therapy clinics and provider of industrial injury prevention services, has announced its schedule for the second quarter 2024 earnings release and conference call. The company will report its financial results for the three and six months ended June 30, 2024, on Tuesday, August 13, 2024, after the stock market closes. The conference call will follow on Wednesday, August 14, 2024, at 10:30 am Eastern/9:30 am Central.
Investors can participate in the call by dialing (800) 245-3047 (primary) or (203) 518-9765 (alternate) and using the Conference ID: USPHQ224. A live webcast will be available on the company's website, and a playback of the call can be accessed until November 12, 2024.
U.S. Physical Therapy (NYSE: USPH), a leading national operator of outpatient physical therapy clinics and provider of industrial injury prevention services, announced its participation in the CJS Securities 24th Annual New Ideas Summer Conference. Chris Reading, the company's CEO, will deliver a presentation on Wednesday, July 10, 2024. The presentation will provide an overview of U.S. Physical Therapy's operations and strategies.
U.S. Physical Therapy (NYSE: USPH), a leading operator of outpatient physical therapy clinics, will be presenting at the 14th Annual East Coast IDEAS Conference on June 12, 2024. CEO Chris Reading will provide an overview of the company's operations. Founded in 1990, U.S. Physical Therapy runs 683 clinics across 42 states, offering services such as injury prevention, rehabilitation, and performance optimization. They also manage 41 clinics for third parties and provide industrial injury prevention services to various clients.
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