By Paul Ziobro
U.S. Physical Therapy has acquired an outpatient home-care practice for an undisclosed amount.
The practice, which currently generates about $2.1 million in annual revenue, provides physical, occupational and speech therapy. The Houston-based U.S. Physical Therapy said Wednesday it acquired the practice through its 50%-owned subsidiary MSO Metro.
Metro acquired an 80% interest, while the current owners retained a 20% stake.
U.S. Physical Therapy President and Chief Operating Officer-East Eric Williams said the acquisition extends the company's outpatient reach with the ability to provide therapy at patients' homes on a broader scale in the Northeast.
"We see the expansion of home care-based outpatient therapy as a natural extension to the clinic-based services we already provide and remain enthusiastic around opportunities to further grow this service line," he said.
Write to Paul Ziobro at paul.ziobro@wsj.com
(END) Dow Jones Newswires
April 30, 2025 18:09 ET (22:09 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。