USPH Announces Acquisition of Two Physical Therapy Practices
Monday, October 2, 2023 7:30 AM, EST
Houston, TX, October 2, 2023 – U.S. Physical Therapy, Inc. (“USPH” or the “Company”) (NYSE: USPH), a national
operator of outpatient physical therapy clinics and provider of industrial injury prevention services, today announced the
acquisition of two physical therapy practices in separate transactions, expanding the Company’s presence in Alaska and
adding its first clinics in the state of Colorado.
USPH acquired a 70% equity interest in both practices with the current practice owners retaining 30% equity interests.
The Company purchased the two practices for a combined $13.9 million. The businesses currently generate
approximately $7.2 million in combined annual revenues and approximately 48,000 visits on an annualized basis across
five total clinics.
In the last twelve months, USPH has acquired eight physical therapy practices with 44 total clinics and more than $39
million in revenue for a combined outlay of $72.5 million. In addition, the Company has purchased six practices with a
total of 8 clinics that have been “tucked into” larger partnerships during this time period.
Chris Reading, Chief Executive Officer, said, “We are pleased to add these two practices to our Company and look
forward to working with our new partners to further grow and scale their businesses. We’re particularly pleased to add
Colorado is our 42nd state with physical therapy operations. We have been very active in expanding our business through
acquisitions over the last twelve months and the pipeline for potential acquisitions remains strong.”
About U.S. Physical Therapy, Inc.
Founded in 1990, U.S. Physical Therapy, Inc. operates 672 outpatient physical therapy clinics in 42 states. The Company’s
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. In addition to owning and
operating clinics, the Company manages 43 physical therapy facilities for unaffiliated third parties, including hospitals
U.S. Physical Therapy Press Release
October 2, 2023 Page 2
and physician groups. The Company 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 in that
website is not incorporated into this press release.
Fun Ways to Celebrate Physical Therapy Month With Your Team!
The more you succeed in your messaging, the more our profession succeeds
Get the Word Out and Have Fun!
October is, without a doubt, the second-best month of the year, and National Physical Therapy Month is a big part of that!
PT Month is a time to celebrate not only our teams but our patients as well. So, how will you celebrate PT month? When getting started, the APTA’s toolkit is available and easy to use. If you haven’t checked it out already, they have a variety of social media posts and flyers from ChoosePT that clinics can use to engage with patients. This year, they are covering the “Value of PT.” which will target the economic value of PT in the United States.
As a company with clinics nationwide, we understand the importance of this message, but we also know how important it is to celebrate local achievements.
Here are Some of Our Favorite Ways to Celebrate Physical Therapy Month!
1. Celebrate Patients by Showcasing their Why
Every patient goes to physical therapy for a reason. Now’s the time to celebrate their “Why”. Get the word out by posting short video clips of patients in the real world enjoying their lives thanks to physical therapy. It could be anything – getting back on the team, going up a flight of stairs, picking up a child, or walking a dog. Capture the moments that were taken for granted beforehand but now mean so much more.
2. Celebrate your Team
Your team works hard. Show how much you appreciate them with something special. An after-hours event, a lunch together, new shirts to celebrate PT Month, or hand-written thank you notes. It doesn’t matter whether your team is large or small. Build them up and show them they’re valuable to your business.
3. Become a Sponsor of or Take Part in a Local Event
Fall is a great time to sponsor an event. From festivals to local running events, get out there and promote the excellent work you do. Once you’ve signed up, comment on the communication boards and post videos and reels on the day to show off your booth and participants. If you’re able to capture attendee emails, send a quick follow-up saying how great it was to meet.
4. Use Your Reviews
Patient reviews are beneficial for so many reasons. This PT Month put up a bulletin board and post reviews so people can see it as they walk in. You’ll need to remove the reviewer’s name, but having that constant visual of a job well done, may motivate your therapists to ask for and patients to leave reviews. If your therapists are competitive, you can use this as a contest to see who can get the most mentions on the board.
5. Get Involved with the Chamber
If you’re in a tight-knit community, see if you can place an ad or have an open house advertised through the Chamber of Commerce. It’s a great way to build awareness and get different types of people through the door. If not, that’s okay – see if you can pair up with other local businesses in the same business park/center to promote each other.
There are many more ways to celebrate Physical Therapy Month. The more you succeed in your messaging, the more our profession succeeds. Our main competition is not each other. It’s the lack of public awareness about physical therapy. Let’s get the word out and have fun!
USPh to Present at the 2023 Midwest IDEAS Investor Conference
Wednesday, August 16, 2023 3:05PM, EST
Houston, TX, August 16, 2023 – U.S. Physical Therapy, Inc. (NYSE: USPH), a national operator
of outpatient physical therapy clinics and provider of industrial injury prevention services (the
“Company”), today announced that Chris Reading, the Company’s Chief Executive Officer, will
present at the 2023 Midwest IDEAS Investor Conference on Wednesday, August 23, 2023. The
presentation will cover an overview of the Company.
About U.S. Physical Therapy, Inc.
Founded in 1990, U.S. Physical Therapy, Inc. operates 663 outpatient physical therapy clinics in
41 states. The Company’s 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. In addition to owning and operating clinics, the
Company manages 43 physical therapy facilities for unaffiliated third parties, including hospitals
and physician groups. The Company 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.
USPh Reports Second Quarter 2023 Results
Tuesday, August 8, 2023 4:45 PM, EST
USPh Announces Acquisition of a Five-Clinic Physical Therapy Practice
Tuesday, August 1, 2023 9:00AM, EST
Houston, TX, August 1, 2023 – U.S. Physical Therapy, Inc. (“USPH” or the “Company”) (NYSE: USPH), a national
operator of outpatient physical therapy clinics and provider of industrial injury prevention services, today announced an
acquisition of a physical therapy practice with five clinics.
USPH acquired a 70% equity interest in the practice for a purchase price of $2.1 million, with the current practice owners
retaining a 30% equity interest. The business currently generates approximately $2.4 million in annual revenues.
About U.S. Physical Therapy, Inc.
Founded in 1990, U.S. Physical Therapy, Inc. operates 661 outpatient physical therapy clinics in 41 states. The Company’s
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. In addition to owning and
operating clinics, the Company manages 43 physical therapy facilities for unaffiliated third parties, including hospitals
and physician groups. The Company 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.
USPh Schedules Second Quarter 2023 Earnings Release and Conference Call Dates
Thursday, July 20, 2023 4:05PM, EST
Houston, TX – July 20, 2023 – U.S. Physical Therapy, Inc. (NYSE: USPH), a national operator of
outpatient physical therapy clinics and provider of industrial injury prevention services, announced
that it will report its financial results for the three and six months ended June 30, 2023 on Tuesday,
August 8, 2023, after the stock market closes, with the conference call to follow the next morning,
on Wednesday, August 9, 2023.
Conference Call Date: Wednesday, August 9, 2023
Time: 10:30 am Eastern/9:30 am Central
Dial-In Number: (866) 952-8559 Primary or
(785) 424-1743 Alternate
Conference ID: USPHQ223
(In order to join this conference call,
you will be required to provide the Conference ID listed above)
To participate, please call in 10 minutes prior to start time.
To listen to the live call, please go to www.usph.com and click on conference calls under the
Investor Relations section. Please go to the website 15 minutes early to register, download and
install any necessary audio software. If you are unable to listen live, a playback of the conference
call can be accessed until November 7, 2023 at U.S. Physical Therapy’s website.
About U.S. Physical Therapy, Inc.
Founded in 1990, U.S. Physical Therapy, Inc. operates 656 outpatient physical therapy clinics in
40 states. The Company’s clinics provide preventative and post-operative care for a variety of
orthopedic-related disorders and sports-related injuries, treatment for neurologically-related
U. S. Physical Therapy News Release Page 2
July 20, 2023
injuries and rehabilitation of injured workers. In addition to owning and operating clinics, the
Company manages 43 physical therapy facilities for unaffiliated third parties, including hospitals
and physician groups. The Company also has an industrial injury prevention services 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.
USPh to Present at the CJS Securities 23rd Annual New Ideas Summer Conference
Friday, July 7, 2022 7:30AM, EST
Houston, TX, July 7, 2023 – U.S. Physical Therapy, Inc. (NYSE: USPH), a national operator of
outpatient physical therapy clinics and provider of industrial injury prevention services (the
“Company”), today announced that Carey Hendrickson, the Company’s Chief Financial Officer,
will present at the CJS Securities 23rd Annual New Ideas Summer Conference on Tuesday, July
11, 2023. The presentation will cover an overview of the Company.
About U.S. Physical Therapy, Inc.
Founded in 1990, U.S. Physical Therapy, Inc. operates 656 outpatient physical therapy clinics in
40 states. The Company’s 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. In addition to owning and operating clinics, the
Company manages 43 physical therapy facilities for unaffiliated third parties, including hospitals
and physician groups. The Company 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.
USPh Announces Acquisition of a Four-Clinic Physical Therapy Practice
Wednesday, May 31, 2023 4:01 PM, EST
Houston, TX, May 31, 2023 – U.S. Physical Therapy, Inc. (“USPH” or the “Company”) (NYSE: USPH), a national operator of outpatient physical therapy clinics and provider of industrial injury prevention services, today announced an acquisition of a physical therapy practice with four clinics.
USPH and its local partners together acquired a 75% equity interest in the practice for a purchase price of $3.1 million, with the current practice owners retaining a 25% equity interest. The business currently generates approximately $2.6 million in annual revenues and approximately 27,000 annual visits.
About U.S. Physical Therapy, Inc.
Founded in 1990, U.S. Physical Therapy, Inc. operates 655 outpatient physical therapy clinics in 40 states. The Company’s
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. In addition to owning and
operating clinics, the Company manages 34 physical therapy facilities for unaffiliated third parties, including hospitals
and physician groups. The Company 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.
USPh to Present at the Jefferies Healthcare Conference 2023
Tuesday, May 30, 2023 4:01 PM, EST
U.S. Physical Therapy to Present at the Jefferies Healthcare Conference 2023
U.S. Physical Therapy, Inc. (NYSE: USPH), a national operator of outpatient physical therapy clinics and provider of industrial injury prevention services (the “Company”), today announced that Chris Reading, the Company’s Chief Executive Officer, will present at the Jefferies Healthcare Conference 2023 on Wednesday, June 7, 2023. The presentation will cover an overview of the Company.
About U.S. Physical Therapy, Inc.
Founded in 1990, U.S. Physical Therapy, Inc. operates 649 outpatient physical therapy clinics in 40 states. The Company’s 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. In addition to owning and operating clinics, the Company manages 34 physical therapy facilities for unaffiliated third parties, including hospitals and physician groups. The Company also has an industrial injury prevention business that provides onsite services for clients’ employees including injury prevention and rehabilitation, performance optimization, post-offer employment testing, functional capacity evaluations, and ergonomic assessments.
USPh Announces Pricing of $150 Million Underwritten Public Offering of Common Stock
Wednesday, May 24, 2023 9:01 PM, EST
USPh Announces $150 Million Underwritten Public Offering of Common Stock
Tuesday, May 23, 2023 4:30 PM, EST
USPh Elects Nancy Ham to the Board of Directors
Tuesday, May 16, 2023 4:01 PM, EST
USPh to Present at the 2023 Bank of America Healthcare Conference
Friday, May 5, 2023 3:05PM, EST
U.S. Physical Therapy to Present at the 2023 Bank of America Healthcare Conference
U.S. Physical Therapy, Inc. (NYSE: USPH), a national operator of outpatient physical therapy clinics and provider of industrial injury prevention services (the “Company”), today announced that Carey Hendrickson, Chief Financial Officer, will participate in the 2023 Bank of America Healthcare Conference on Tuesday, May 9, 2023. The presentation will cover an overview of the Company.
About U.S. Physical Therapy, Inc.
Founded in 1990, U.S. Physical Therapy, Inc. operates 647 outpatient physical therapy clinics in 40 states. The Company’s 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. In addition to owning and operating clinics, the Company manages 35 physical therapy facilities for unaffiliated third parties, including hospitals and physician groups. The Company also has an industrial injury prevention business that provides onsite services for clients’ employees including injury prevention and rehabilitation, performance optimization, post-offer employment testing, functional capacity evaluations, and ergonomic assessments.
USPh Reports First Quarter 2023 Results
Wednesday, May 3, 2023 4:01 PM, EST
USPH Schedules First Quarter 2023 Earnings Release and Conference Call
Wednesday, April 19, 2023 4:01 PM, EST
Proxy Statement – May 2023 Meeting
Monday, April 10, 2023
USPh to Present at the Oppenheimer 33rd Annual Healthcare Virtual Conference
Monday, March 6, 2023 3:05AM, EST
Announces Acquisition Of Physical Therapy Practice
Wednesday, March 1, 2023 8:00AM, EST
USPh Reports Fourth Quarter and Full Year 2022
Tuesday, February 28, 2023 8:00AM, EST
Tuesday, January 31, 2023 2:00 PM, EST
USPh to Present at the 41st Annual J.P. Morgan Healthcare Conference
Wednesday, January 11, 2023 10:00AM, EST