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.
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
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.
U.S. Physical Therapy, Inc. (NYSE: USPH) will participate in two major investor conferences: the 13th Annual Southwest IDEAS Investor Conference on November 17, 2021, and the Jefferies London Healthcare Virtual Conference on November 18, 2021. Chris Reading (CEO) and Carey Hendrickson (CFO) will present an overview of the Company at these events. Founded in 1990, USPH operates 583 clinics across 39 states, specializing in orthopedic care, sports injuries, and rehabilitation services. For more details, visit www.usph.com.
U.S. Physical Therapy, Inc. (NYSE: USPH) will have its CFO, Carey Hendrickson, speak at the Credit Suisse 30th Annual Virtual Healthcare Conference on November 8, 2021. The presentation aims to provide an overview of the Company, which operates 583 outpatient physical therapy clinics across 39 states. The clinics specialize in preventative and post-operative care related to orthopedic issues, sports injuries, and worker rehabilitation, alongside offering industrial injury prevention services. The investor presentation is available on the Company's website.
U.S. Physical Therapy (USPH) reported robust financial results for the third quarter of 2021, with net income of $10.0 million, down from $10.9 million in Q3 2020, but higher than $9.0 million in Q3 2019. Net revenue rose to $125.9 million, a 15.6% increase from the previous year. Patient visits were up 19.9% year-over-year, contributing to net patient revenue of $112.3 million, a 16.5% increase. This quarter marked the highest industrial injury prevention services revenue at $10.5 million. A quarterly dividend of $0.38 was declared, reflecting strong operational performance.
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