US Physical Therapy Inc - USPH STOCK NEWS

U.S. Physical Therapy, Inc. (USPH) has announced the acquisition of a fourteen-clinic physical therapy practice, purchasing 60% equity for $19.3 million. The current practice generates over $9 million in annual revenue and approximately 84,000 patient visits each year. CEO Chris Reading expressed confidence in the partnership's potential for growth, aiming for significant expansion in the coming years. This acquisition is part of USPH's strategy to enhance its footprint in the physical therapy market and capitalize on existing synergies.

The National Kidney Foundation has appointed Anne Motsenbocker to its Board of Directors. Motsenbocker, based in Dallas, Texas, boasts over 35 years of experience in commercial banking and wealth management, including leadership roles at J.P. Morgan Chase. She also serves on the boards of U.S. Physical Therapy (USPH) and CSW Industrials (CSWI), contributing her expertise in governance and strategic problem-solving. Her appointment aims to enhance the Foundation's mission amid a growing public health crisis regarding kidney disease, which affects 37 million adults in the U.S.

U.S. Physical Therapy, Inc. (USPH) announced that 51 of its 614 outpatient clinics experienced operational disruptions due to Hurricane Ian, affecting Florida, Georgia, and South Carolina. The company reported losses of approximately 3,500 patient visits, totaling around $300,000 in revenue during the week of September 26-30, 2022, followed by an additional 1,100 visits and $95,000 in revenue losses in the first week of October. Further interruptions are anticipated over the next few weeks, with an update scheduled for the third quarter conference call on November 3, 2022.

U.S. Physical Therapy, Inc. (NYSE: USPH) will release its financial results for Q3 and the nine months ending September 30, 2022, on November 3, 2022. The results will be disclosed before market opening. A conference call is scheduled for the same day at 10:30 am Eastern to discuss the results, with dialing options provided. U.S. Physical Therapy operates 614 outpatient clinics in 40 states, offering various treatments for orthopedic and neurological disorders along with industrial injury prevention services.

U.S. Physical Therapy, Inc. (NYSE: USPH) has acquired 80% of a two-clinic physical therapy practice for approximately $4.2 million. This acquisition, which retains the previous owners for the remaining 20%, is expected to enhance USPH's service offerings. The acquired practice generates over $2.5 million in annual revenue with about 17,000 patient visits annually. CEO Chris Reading expressed enthusiasm for the partnership and outlined plans for business growth and expansion.

U.S. Physical Therapy, Inc. (NYSE: USPH) announced that CEO Chris Reading will present at the Jefferies Virtual Fitness & Wellness Summit on September 12, 2022. The presentation will provide an overview of the Company, which operates 613 outpatient physical therapy clinics across 39 states, offering preventative and rehabilitation services for various injuries. Additionally, USPH manages 33 facilities for third parties and provides industrial injury prevention services. Interested parties can view the investor presentation on the Company's website.

U.S. Physical Therapy, Inc. (NYSE: USPH) announced that CEO Chris Reading will present at the 15th Annual Barrington Research Virtual Fall Investment Conference on September 8, 2022. The presentation will provide an overview of the Company, which operates 613 outpatient physical therapy clinics across 39 states, offering care for orthopedic and sports-related injuries, as well as industrial injury prevention services. For more details, USPH's investor presentation is available on their website at www.usph.com.

U.S. Physical Therapy (USPH) announced the acquisition of a six-clinic physical therapy practice in West Virginia and Pennsylvania, acquiring 70% equity for approximately $3.5 million. The practice generates over $2.5 million in annual revenue and handles around 26,000 patient visits yearly.

CEO Chris Reading expressed enthusiasm about integrating new partners into USPH and expanding its geographical reach. This acquisition is part of USPH's growth strategy, aligning with its focus on delivering quality outpatient physical therapy services.

U.S. Physical Therapy, Inc. (NYSE: USPH) will have its CEO, Chris Reading, present at the 2022 Midwest Ideas Conference on August 24, 2022. The presentation aims to provide an overview of the company, which operates 607 outpatient physical therapy clinics across 38 states. U.S. Physical Therapy also manages 33 facilities for third parties and offers industrial injury prevention services. For further details, the investor presentation is available on their website.