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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, Inc. (USPH) reported Q2 2022 results, showing Operating Results per diluted share at $0.90, slightly down from $0.96 in 2021. Net income fell to $11.2 million from $12.4 million. Total revenue reached $140.7 million, up 10.8% year-over-year, driven by a 5.7% rise in total patient visits. However, total operating costs rose to 78.1% of revenue, impacting gross profit, which decreased by 10.2% to $30.8 million. The company announced a $325 million credit facility to support growth and a quarterly dividend of $0.41 per share. Adjusted EBITDA for 2022 is projected at $73.5 to $75.4 million.
U.S. Physical Therapy, Inc. (NYSE: USPH) will release its financial results for the second quarter and six months ended June 30, 2022, on Thursday, August 4, 2022, before market opening. Management will host a conference call on the same day at 10:30 am Eastern to discuss the results. The conference call can be accessed by dialing (800) 459-5346 or (203) 518-9544, using Conference ID: USPHQ22022. U.S. Physical Therapy operates 607 outpatient clinics across 38 states, providing orthopedic care, rehabilitation, and industrial injury prevention services.
U.S. Physical Therapy, Inc. (NYSE: USPH) announced the closing of a
U.S. Physical Therapy, Inc. (NYSE: USPH) announced that CFO Carey Hendrickson will participate in the East Coast IDEAS Virtual Conference on June 22, 2022. The presentation will provide an overview of the Company, which operates 608 outpatient physical therapy clinics across 38 states. U.S. Physical Therapy specializes in preventative and post-operative care for orthopedic and sports-related injuries, as well as rehabilitation for injured workers. More information can be found at www.usph.com.
Nutex Health has appointed Jon Bates as the new Chief Financial Officer, effective June 30, 2022. Bates, with significant experience in finance, has previously served as VP of Accounting at U.S. Physical Therapy, managing over $500 million in annual revenues and 600+ locations. His expertise spans strategic planning, risk assessment, and internal auditing. Former CFO Michael Bowen plans to retire but will assist in the transition for the next year. The leadership change aims to enhance Nutex Health’s operational strength as it pursues growth initiatives.
U.S. Physical Therapy, Inc. (NYSE: USPH) announced that CEO Chris Reading and CFO Carey Hendrickson will present at the Jefferies Healthcare Conference on June 8, 2022. The presentation aims to provide an overview of the company, which operates 608 clinics across 38 states, offering treatment for orthopedic and sports injuries, as well as rehabilitation services. The company also manages 35 facilities for third parties and provides industrial injury prevention services. For more details, visit www.usph.com.
U.S. Physical Therapy (USPH) reported strong Q1 2022 results with net income of $8.8 million, up from $8.2 million year-over-year. Earnings per diluted share increased to $0.67 from $0.21. Total revenue reached $131.7 million, a 17.2% rise, while adjusted EBITDA grew 14.2% to $17.9 million. Patient visits increased by 12.2%, totaling over 1 million. The company declared a quarterly dividend of $0.41 per share payable on June 14, 2022. A significant acquisition of a six-clinic practice was also completed, enhancing growth prospects.
U.S. Physical Therapy, Inc. (NYSE: USPH) will release its financial results for Q1 ended
U.S. Physical Therapy, Inc. (USPH) has announced the acquisition of a six-clinic physical therapy practice, Madden and Gilbert Physical Therapy, LLC, in South Central Pennsylvania. The Company acquired 70% of the equity for approximately
U.S. Physical Therapy, Inc. (USPH) reported strong financial results for the fourth quarter and full year of 2021. Net income grew to $40.8 million for the year, a 15.9% increase compared to 2020. The company raised its dividend by 7.9% to $0.41 per share. Average patient visits per clinic reached a record 29.1 for the year. Despite challenges like Medicare rate reductions expected in 2022, management anticipates earnings between $3.25 and $3.35 per diluted share for 2022. Total revenue for Q4 was $129.8 million, up 10.5% year-over-year, with solid growth in net patient revenue and industrial injury prevention services.
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