US Physical Therapy Inc - USPH STOCK NEWS

U.S. Physical Therapy, Inc. (NYSE: USPH) has announced that Chief Financial Officer Carey Hendrickson and Chief Operating Officer Eric Williams will present at the Oppenheimer 33rd Annual Healthcare Virtual Conference on March 13, 2023. The presentation will provide an overview of the Company's operations, which include 645 outpatient physical therapy clinics across 40 states, specializing in orthopedic and neurological care. The company also manages 36 facilities for third parties and offers industrial injury prevention services.

For more details, the investor presentation is available on U.S. Physical Therapy's website: www.usph.com.

U.S. Physical Therapy, Inc. (USPH) has acquired 80% of a physical therapy practice for approximately $6.2 million. The acquired practice generates around $3.2 million in annual revenue and handles about 27,000 patient visits annually. The founders will retain a 20% stake, ensuring a collaborative approach to growth. CEO Chris Reading emphasized their plans to expand the clinic's services to new locations, leveraging the existing strong community presence.

This acquisition aligns with USPH's strategic expansion goals in the outpatient physical therapy sector.

U.S. Physical Therapy (USPH) reported its 2022 financial results with a 2.8% increase in Adjusted EBITDA to $17.9 million in Q4 and a slight decline of 0.2% year-over-year to $73.7 million. Net income for Q4 dropped to $2.6 million from $10.2 million, impacted by a $4.8 million goodwill impairment charge. Full-year revenue rose 11.7% to $553.1 million, driven by a 6.0% increase in net patient revenue, totaling $464.6 million. Despite challenges, patient volumes remained strong, with a 6.2% rise in total visits. The board increased the quarterly dividend by 4.9%, reflecting confidence in future performance, with 2023 Adjusted EBITDA guidance set between $75 million and $80 million.

U.S. Physical Therapy, Inc. (USPH) announced its financial results for the fourth quarter and full year 2022. Key figures include a reported total revenue of $141.2 million for Q4 2022, up 8.7% year-over-year, and net patient revenue of $120.1 million, increasing by 5.8%. Adjusted EBITDA for Q4 2022 was $17.9 million, a slight increase, while net income attributable to shareholders dropped to $2.6 million from $10.2 million in Q4 2021, influenced by a $4.8 million goodwill impairment charge. The company's board raised the quarterly dividend by 4.9% to $0.43 per share and provided guidance for 2023 with projected Adjusted EBITDA of $75.0-$80.0 million.

U.S. Physical Therapy, Inc. (NYSE: USPH) will report its financial results for the fourth quarter and full year ending December 31, 2022, on February 22, 2023, after market close. A conference call will occur the following day, February 23, 2023, at 10:30 AM Eastern/9:30 AM Central. Investors can join the call using the dial-in number (866) 952-8559, with Conference ID: USPHQ422. U.S. Physical Therapy operates 640 outpatient clinics across 40 states, providing services for orthopedic disorders, injuries, and rehabilitation. Founded in 1990, they also manage facilities for third parties and offer industrial injury prevention services.

U.S. Physical Therapy (NYSE: USPH) announced its participation in the 41st Annual J.P. Morgan Healthcare Conference on January 12, 2023. CEO Chris Reading and CFO Carey Hendrickson will present an overview of the company, which operates 640 outpatient physical therapy clinics across 40 states. The clinics focus on preventative and post-operative care, treating orthopedic and sports-related injuries, and providing rehabilitation services. An investor presentation is available on the company's website.

U.S. Physical Therapy, Inc. (NYSE: USPH) has completed the acquisition of an 80% stake in a physical therapy practice for approximately $25 million. This practice generates over $12 million in annual revenue and accounts for around 120,000 patient visits each year. CEO Chris Reading expressed optimism about the capabilities of the new team and the potential for future developments. This acquisition aligns with U.S. Physical Therapy's growth strategy and enhances its portfolio of outpatient clinic operations.

U.S. Physical Therapy, Inc. (NYSE: USPH) announced participation in significant investor conferences. On November 16, 2022, CFO Carey Hendrickson and COO Eric Williams will present at the 14th Annual Southwest Ideas Conference. CEO Chris Reading will follow on November 17, 2022, at the Stephens Annual Investment Conference. These presentations will provide insights into the Company and its operations.

Founded in 1990, U.S. Physical Therapy operates 629 clinics across 40 states, focusing on orthopedic and neurological rehabilitation, and offers industrial injury prevention services.

U.S. Physical Therapy, Inc. (NYSE: USPH) announced CEO Chris Reading will present at the Credit Suisse 31st Annual Healthcare Conference on November 8, 2022. The presentation will provide an overview of the company, which operates 629 outpatient physical therapy clinics across 40 states. These clinics offer preventative and post-operative care for orthopedic disorders, sports injuries, and neurological rehabilitation. More details can be found on the company's website at www.usph.com.