U.S. Physical Therapy Completes Acquisition of 50-Clinic Physical Therapy Practice
U.S. Physical Therapy (USPH) has completed the acquisition of a 50% equity interest in a management services organization operating 50 physical therapy clinics, primarily located in New York. The acquired company generates approximately $64.0 million in annual revenue and $12.0 million in annual EBITDA. The clinics provide physical, occupational, and speech therapy services both in outpatient settings and through home visits. USPH plans to expand operations in New York and adjacent states. Following this acquisition, USPH now owns and/or manages 750 outpatient physical therapy clinics across 43 states.
U.S. Physical Therapy (USPH) ha completato l'acquisizione di un 50% di partecipazione azionaria in un'organizzazione di servizi di gestione che opera 50 cliniche di terapia fisica, principalmente situate a New York. L'azienda acquisita genera circa 64 milioni di dollari di fatturato annuo e 12 milioni di dollari di EBITDA annuo. Le cliniche offrono servizi di terapia fisica, occupazionale e del linguaggio sia in ambito ambulatoriale che attraverso visite a domicilio. USPH prevede di espandere le operazioni a New York e negli stati circostanti. Dopo questa acquisizione, USPH possiede e/o gestisce 750 cliniche di terapia fisica ambulatoriale distribuite in 43 stati.
U.S. Physical Therapy (USPH) ha completado la adquisición de un 50% de participación accionaria en una organización de servicios de gestión que opera 50 clínicas de terapia física, principalmente ubicadas en Nueva York. La empresa adquirida genera aproximadamente 64 millones de dólares en ingresos anuales y 12 millones de dólares en EBITDA anual. Las clínicas brindan servicios de terapia física, ocupacional y del habla tanto en entornos ambulatorios como a través de visitas a domicilio. USPH planea expandir sus operaciones en Nueva York y estados aledaños. Tras esta adquisición, USPH ahora posee y/o gestiona 750 clínicas de terapia física ambulatoria en 43 estados.
U.S. Physical Therapy (USPH)는 50% 지분을 보유한 관리 서비스 조직을 인수했습니다. 이 조직은 주로 뉴욕에 위치한 50개의 물리 치료 클리닉을 운영합니다. 인수된 회사는 연간 약 6,400만 달러의 수익과 1,200만 달러의 EBITDA를 발생시킵니다. 클리닉은 외래 치료 및 가정 방문을 통해 물리 치료, 작업 치료 및 언어 치료 서비스를 제공합니다. USPH는 뉴욕 및 인접 주에서 운영을 확장할 계획입니다. 이번 인수 이후, USPH는 현재 43개 주에 걸쳐 750개의 외래 물리 치료 클리닉을 소유 및 관리하고 있습니다.
U.S. Physical Therapy (USPH) a achevé l'acquisition d'une participation de 50% dans une organisation de services de gestion exploitant 50 cliniques de thérapie physique, principalement situées à New York. L'entreprise acquise génère environ 64 millions de dollars de revenus annuels et 12 millions de dollars d'EBITDA annuel. Les cliniques fournissent des services de thérapie physique, d'ergothérapie et de thérapie de la parole, tant dans des établissements externes que par le biais de visites à domicile. USPH prévoit d'étendre ses activités à New York et dans les États voisins. Suite à cette acquisition, USPH possède et/ou gère désormais 750 cliniques de thérapie physique externe dans 43 États.
U.S. Physical Therapy (USPH) hat den Erwerb einer 50%igen Beteiligung an einer Managementdienstleistungsorganisation abgeschlossen, die 50 Physiotherapiepraxen betreibt, die sich hauptsächlich in New York befinden. Das erworbene Unternehmen erwirtschaftet jährlich etwa 64 Millionen US-Dollar Umsatz und 12 Millionen US-Dollar EBITDA. Die Praxen bieten physikalische, ergotherapeutische und sprachtherapeutische Dienstleistungen sowohl in ambulatorischen Einrichtungen als auch durch Hausbesuche an. USPH plant, die Aktivitäten in New York und angrenzenden Bundesstaaten auszubauen. Nach dieser Übernahme besitzt und/oder verwaltet USPH nun 750 ambulante Physiotherapiepraxen in 43 Bundesstaaten.
- Acquisition adds 50 clinics to USPH's portfolio
- Target company generates $64.0M in annual revenue
- Strong EBITDA of $12.0M annually from acquired operations
- Geographic expansion in New York market
- Diversification into home therapy services
- Only 50% equity interest acquired, limiting full control
- Significant geographic concentration risk in New York
Insights
This strategic acquisition marks a significant expansion for USPH, adding substantial revenue and EBITDA to their portfolio. The
The deal strengthens USPH's market position, increasing their total managed clinic count to 800 across 43 states. The acquisition's focus on New York, a densely populated state with high healthcare spending, presents significant growth opportunities. The target company's diverse service offering, including physical, occupational and speech therapy, along with home health services, provides multiple revenue streams and aligns well with healthcare delivery trends.
The acquisition demonstrates USPH's strategic focus on geographic density and service diversification. The New York market entry is particularly noteworthy given the state's aging population and high healthcare utilization rates. The inclusion of home therapy services positions USPH to capitalize on the growing demand for home-based care, accelerated by changing patient preferences and healthcare delivery models.
The management services organization (MSO) structure is advantageous, allowing USPH to benefit from economies of scale while maintaining operational flexibility. This model typically results in lower operational risks compared to direct clinic ownership, while still providing significant revenue streams through management fees and profit sharing.
About U.S. Physical Therapy, Inc.
Founded in 1990, U.S. Physical Therapy, Inc. owns and/or manages 750 outpatient physical therapy clinics in 43 states. USPH clinics provide preventative and post-operative care for a variety of orthopedic-related disorders and sports-related injuries, treatment for neurologically-related injuries and rehabilitation of injured workers. USPH also has an industrial injury prevention business which provides onsite services for clients’ employees including injury prevention and rehabilitation, performance optimization, post-offer employment testing, functional capacity evaluations, and ergonomic assessments.
More information about U.S. Physical Therapy, Inc. is available at www.usph.com. The information included on that website is not incorporated into this press release.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241031442213/en/
U.S. Physical Therapy, Inc.
Carey Hendrickson, Chief Financial Officer
email: chendrickson@usph.com
Chris Reading, Chief Executive Officer
(713) 297-7000
Three Part Advisors
Joe Noyons
(817) 778-8424
Source: U.S. Physical Therapy, Inc.
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