U S Physical Therapy - USPH STOCK NEWS

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 $11.5 million, with the practice's founders retaining the remaining 30%. This practice generates over $7.5 million in annual revenue and handles around 71,000 patient visits annually. CEO Chris Reading emphasized the partnership's potential for market expansion and enhanced patient service.

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.

MassMutual has appointed Dr. Bernard A. Harris, Jr. to its Board of Directors, effective February 1, 2022. Dr. Harris, a former astronaut and business leader, is expected to bring a diverse range of experiences to the board. He has extensive expertise in healthcare technology and has served on multiple boards, including Raytheon Technologies (RTX) and U.S. Physical Therapy (USPH). MassMutual aims to leverage Dr. Harris's insights for future growth, reflecting its commitment to diverse governance practices.

U.S. Physical Therapy, Inc. (NYSE: USPH) announced it will release its financial results for the fourth quarter and year ended December 31, 2021, on February 24, 2022. The results will be available before market opening. A conference call will take place on the same day at 10:30 AM Eastern, providing management an opportunity to discuss the outcomes with investors. Founded in 1990, the company operates 591 outpatient clinics across 39 states, offering various physical therapy and injury prevention services.

U.S. Physical Therapy, Inc. (NYSE: USPH) announced that CEO Chris Reading will present at the virtual CJS Securities 22nd Annual New Ideas for the New Year Conference on January 12, 2022. The presentation will provide an overview of the company's operations and offerings. U.S. Physical Therapy operates 591 outpatient clinics across 39 states, specializing in orthopedic and sports-related injuries, neurological rehabilitation, and injury prevention services. For more details, visit www.usph.com.

U.S. Physical Therapy, Inc. (NYSE: USPH) announced the appointment of Anne Motsenbocker to its Board of Directors, effective January 1, 2022. Motsenbocker, with a 36-year tenure at J.P. Morgan Chase, holds extensive experience in executive leadership roles and boardroom service. Board Chairman, Edward L. Kuntz, expressed confidence in Motsenbocker's ability to contribute to the company's success. U.S. Physical Therapy operates 591 outpatient clinics across 39 states, providing various physical therapy services.

U.S. Physical Therapy, Inc. (NYSE: USPH) has acquired 75% of a three-clinic physical therapy practice in South Carolina for approximately $3.7 million. This practice generates over $2.7 million in annual revenue and facilitates around 31,000 patient visits each year. CEO Chris Reading expressed satisfaction with the acquisition, highlighting potential revenue growth opportunities. Founded in 1990, USPH operates 591 outpatient clinics nationwide, providing a range of rehabilitation services and injury prevention programs.

U.S. Physical Therapy (USPH) announced its acquisition of a 70% interest in a leading industrial injury prevention services provider for approximately $63.2 million. The acquired company generates around $27 million in annual revenue with a 20% margin and adds $1.7 million in pretax earnings from a joint venture. This acquisition diversifies USPH's revenue and expands its services for Fortune 500 clients, enhancing their workplace injury prevention capabilities. The founders retain a 30% stake and will continue to lead the company, ensuring continuity and expertise.

U.S. Physical Therapy, Inc. (NYSE: USPH) announced that CEO Chris Reading will present at the Stephens Annual Investment Conference on December 2, 2021. This presentation will provide an overview of the company's operations. U.S. Physical Therapy operates 583 outpatient clinics across 39 states, offering services for orthopedic disorders, sports injuries, and industrial injury prevention. The firm also manages facilities for third parties including hospitals and physician groups. For more information, you can visit www.usph.com.